How Will Twenty-First Century Fox (FOXA) Stock React to Roger Ailes Resignation?

Roger Ailes has stepped down from his role as CEO of Fox News Channel late Thursday afternoon.
By Kaya Yurieff ,

NEW YORK (TheStreet) --Roger Ailes has resigned from his role as chairman and CEO of Fox News Channel and his role as chairman of Fox Television Stations on Thursday, Twenty-First Century Fox (FOXA) - Get Report said, CNBC.com reports.

Rupert Murdoch will be the chairman and acting CEO of Fox News Channel and Fox Business Network, according to the company.

The resignation follows accusations by former anchor Gretchen Carlson who said in a lawsuit that Ailes sexually harassed her, CNBC.com noted.

Shares of Twenty-First Century Fox are declining 0.01% to $27.18 in after-hours trading Thursday.

Separately, TheStreet Ratings Team has a "Hold" rating with a score of C+ on the stock.

The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and good cash flow from operations.

But the team also finds weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and generally higher debt management risk.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: FOXA

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