Twenty-First Century Fox (FOXA) Stock Climbing on New Headquarters Details

NEW YORK (TheStreet) -- Shares of Twenty-First Century Fox (FOXA) are increasing by 1.09% to $33.16 on Wednesday after new details of the company's 80-story tower at the World Trade Center site were revealed yesterday, The Wall Street Journal reported.

Home of News Corp. (NWSA) and Fox, the 80-story tower will be built by the avant-garde Danish architect Bjarke Ingels and developer Larry Silverstein. It is expected to open in 2020, the Journal noted. The details follow the companies' announcement last week to locate each company's headquarters to a new building in lower Manhattan.

Shares of News Corp. are currently rising 1.17% to $14.73.

The designs bring the first major change to the design of the World Trade Center since 2006, when construction work got under way throughout the site, according to the Journal.

Additionally, Fox said that the U.S. Women's World Cup opener drew the largest television audience on record for a Women's World Cup group stage game, as about 3.3 million viewers on Fox Sports 1 tuned in to watch the Americans' 3-1 win over Australia, the Associate Press reports. The previous high was in 1999, with nearly 2.5 million viewers watching the tournament.

Separately, TheStreet Ratings team rates TWENTY-FIRST CENTURY FOX INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate TWENTY-FIRST CENTURY FOX INC (FOXA) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its notable return on equity, attractive valuation levels, expanding profit margins, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Media industry and the overall market, TWENTY-FIRST CENTURY FOX INC's return on equity significantly exceeds that of both the industry average and the S&P 500.
  • 36.30% is the gross profit margin for TWENTY-FIRST CENTURY FOX INC which we consider to be strong. It has increased from the same quarter the previous year. Along with this, the net profit margin of 14.25% is above that of the industry average.
  • Net operating cash flow has significantly increased by 53.66% to $1,761.00 million when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 15.24%.
  • Even though the current debt-to-equity ratio is 1.06, it is still below the industry average, suggesting that this level of debt is acceptable within the Media industry. Despite the fact that FOXA's debt-to-equity ratio is mixed in its results, the company's quick ratio of 2.09 is high and demonstrates strong liquidity.
  • You can view the full analysis from the report here: FOXA Ratings Report

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