Published: Sat, November 18, 2017
Global Media | By Garry Long

Comcast, Verizon Reportedly Eyeing 21st Century Fox Assets

Comcast, Verizon Reportedly Eyeing 21st Century Fox Assets

Finally, Boston Partners increased its stake in Twenty-First Century Fox by 19.4% during the second quarter.

According to Zacks, "Shares of Twenty-First Century Fox have underperformed the industry in the past six months". Fox assets include two Marvel properties (Fantastic Four and X-Men) and Avatar (which was the basis for a new themed land in Walt Disney World) as well as the unaltered original Star Wars trilogy. If you are viewing this report on another website, it was illegally copied and republished in violation of US and worldwide copyright law. Twenty-First Century Fox has a twelve month low of $24.81 and a twelve month high of $32.60. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Twenty-First Century Fox, Inc. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.73 and a current ratio of 2.08. The business had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.80 billion. It could also put a serious dent in Disney's plan to rival Netflix as the streaming platform of choice, as analysts believe that Disney wants Fox's media library to add to its own.

Twenty-First Century Fox (NASDAQ:FOXA) last announced its quarterly earnings data on Wednesday, November 8th.

Fox has hired investment banking companies to field interest from the various companies, according to another person who was not authorized to comment. Jefferies Group LLC reiterated a "buy" rating and issued a $35.00 price objective on shares of Twenty-First Century Fox in a research note on Tuesday, September 26th.

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The news comes about a week after CNBC reported that Disney was recently in talks to buy most of 21st Century Fox. The company presently has a consensus rating of "Buy" and an average target price of $33.65.

Not every media company can make a play for the assets of Fox, which has a market capitalization of about $52 billion.

In addition to the 20th Century Fox movie and television studio in West Los Angeles, Comcast is interested in the cable channels such as National Geographic, FX and Fox's portfolio of regional sports networks, the people said.

If the proposed Comcast deal went ahead, 21st Century Fox would be left with its cable network, the Fox News channel and Fox Sports.

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