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NEW YORK (TheStreet) --21st Century Fox (FOXA)gained 1.3% to $35.62 on Thursday after it announced it will sell its stake in Chinese joint venture Star China TV to China Media Capital.

The entertainment company currently owns 47% of the joint venture. The sale of Fox's stake will give China Media Capital complete control over Star China TV. The joint venture currently owns and operates three 24-hour Mandarin TV channels: Xing King, Xing Kong International, and Channel Mainland China.

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

"We rate TWENTY-FIRST CENTURY FOX INC (FOXA) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

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

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Why 21st Century Fox (FOXA) Is Up Today