Needham & Company LLC reissued their hold rating on shares of FOX (NASDAQ:FOXA) in a research report released on Thursday morning, AnalystRatings.com reports.

Several other research analysts also recently commented on FOXA. Macquarie downgraded shares of FOX from a neutral rating to an underperform rating and dropped their price objective for the company from $35.00 to $30.00 in a report on Monday, September 9th. Atlantic Securities downgraded shares of FOX from an overweight rating to an underweight rating and set a $28.00 price target for the company. in a report on Tuesday, September 10th. Zacks Investment Research raised shares of FOX from a sell rating to a hold rating in a report on Tuesday, August 27th. Wells Fargo & Co started coverage on shares of FOX in a report on Monday, September 23rd. They issued an underperform rating and a $30.00 price target for the company. Finally, Evercore ISI reaffirmed a buy rating and issued a $45.00 price target on shares of FOX in a report on Thursday, August 8th. Seven equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $41.89.

FOX stock traded up $0.20 during trading hours on Thursday, hitting $35.14. 4,979,800 shares of the stock traded hands, compared to its average volume of 5,333,419. The company has a market cap of $20.38 billion and a PE ratio of 13.36. The company has a current ratio of 3.78, a quick ratio of 3.12 and a debt-to-equity ratio of 0.68. The firm’s 50-day moving average price is $31.93 and its two-hundred day moving average price is $34.80. FOX has a one year low of $29.69 and a one year high of $41.95.

FOX (NASDAQ:FOXA) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.69 by $0.14. The company had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.60 billion. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the company earned $0.52 earnings per share. On average, sell-side analysts expect that FOX will post 2.34 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of FOXA. Yacktman Asset Management LP purchased a new stake in FOX in the 3rd quarter worth about $78,607,000. Factory Mutual Insurance Co. purchased a new stake in FOX in the 3rd quarter worth about $49,574,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in FOX in the 3rd quarter worth about $41,569,000. Tweedy Browne Co LLC purchased a new stake in FOX in the 3rd quarter worth about $40,985,000. Finally, California Public Employees Retirement System purchased a new stake in FOX in the 3rd quarter worth about $31,662,000. 55.84% of the stock is currently owned by institutional investors.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States. The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business news, and sports content for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online video distributors.

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Analyst Recommendations for FOX (NASDAQ:FOXA)

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