Fox Posts in Line Quarter to End Fiscal 2018; Affiliate Fee Growth Remains Strong
Fox reported an in line end to fiscal 2017, as revenue and EBITDA were aligned with expectations. While the film studio continues to struggle versus tough comps, Fox benefited by improved cable results in the U.S. and internationally. We are maintaining our wide moat rating and our $35 fair value estimate. Currently trading in 4-star territory, the stock offers an attractive entry point, though the shares may continue to suffer in the near term as a result of uncertainty around the Sky acquisiti...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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