Twenty-First Century Fox, Inc. (NASDAQ:FOXA) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 21.4% in the past one-month time frame.
The move came after the company agreed to divest most of its assets to Disney in an all-stock deal worth around $52.4 billion.
The company has seen five negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Fox currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the Film and Television Production and Distribution industry is Imax Corporation (NYSE:IMAX) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Twenty-First Century Fox, Inc. (FOXA): Free Stock Analysis Report
Imax Corporation (IMAX): Free Stock Analysis Report
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