Boston, MA, 03/24/2014 (usastockreports)- Twenty-First Century Fox Inc. (NASDAQ:FOXA) has received an approval from its majority shareholders for delisting from the Australian Securities exchange, a move aimed at simplifying its operating structure. The company is expected to file for delisting on March 24, 2014 with full delisting expected to occur on May 8, 2014.
Full delisting from the Australian Security exchange will see the company’s Class A and Class B shares solely being listed on the NASDAQ OMX Group Inc. (NASDAQ:NDAQ). Twenty-First Century Fox Inc. (NASDAQ:FOXA) has been planning for delisting since January, as it strives to simplify its operating structure as well as reduce compliance costs.
Twenty-First Century Fox is a “Buy” according to TheStreet
Twenty-First Century, with a market cap of $50.1 billion and a 30 day share moving average of 12.6 million is currently rated as a “Buy”, by analysts at TheStreet. The company continues to demonstrate significant strengths in its revenue growth, backed by a solid financial base and reasonable debt levels. Twenty-First Century Fox has seen its cash flow improve over the past year resulting in reasonable valuation levels.
Twenty-First Century Fox Inc. (NASDAQ:FOXA) has seen its revenues grow by 14.9% in its recent quarter compared to that of the same quarter the prior year, the growth metric is higher compared to the industry average of 4.2%. Twenty-First Century boasts of a low debt to equity ratio of 0.99, suggesting better debt management strategies from the company.
Twenty-First Century Fox’s return on equity has greatly increased for the current quarter compared to that of the same quarter the prior year. This is one of the company’s significant strengths as compared to that of other industry players. Its net operating cash flow has grown by 178.54% to a high of $727 million, surpassing the industry’s average cash flow rate of 11.41%.
Twenty-First Century Fox Inc. (NASDAQ:FOXA) remained unchanged on Friday’s trading session closing the week at $32.73.