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."