Fox Corp (NASDAQ:FOXA) has been given an average recommendation of “Hold” by the twenty-five ratings firms that are currently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $40.42.

Several research firms have recently issued reports on FOXA. Wells Fargo & Co began coverage on FOX in a research note on Monday, September 23rd. They set an “underperform” rating and a $30.00 price target for the company. Zacks Investment Research downgraded FOX from a “strong-buy” rating to a “hold” rating and set a $39.00 price target for the company. in a research note on Wednesday, January 8th. Cowen began coverage on FOX in a research note on Thursday, December 12th. They set a “hold” rating and a $32.00 price target for the company. ValuEngine upgraded FOX from a “sell” rating to a “hold” rating in a research note on Wednesday, December 11th. Finally, Needham & Company LLC restated a “hold” rating on shares of FOX in a research note on Thursday, November 7th.

Large investors have recently made changes to their positions in the stock. MUFG Americas Holdings Corp bought a new stake in FOX during the 3rd quarter valued at approximately $397,000. Golub Group LLC bought a new stake in shares of FOX in the 3rd quarter worth approximately $30,896,000. Worldquant Millennium Advisors LLC bought a new stake in shares of FOX in the 3rd quarter worth approximately $1,200,000. MRJ Capital Inc. bought a new stake in shares of FOX in the 3rd quarter worth approximately $2,289,000. Finally, Andra AP fonden bought a new stake in shares of FOX in the 3rd quarter worth approximately $5,456,000. Hedge funds and other institutional investors own 56.06% of the company’s stock.

Shares of FOXA traded up $0.27 during trading hours on Tuesday, hitting $37.26. 4,329,998 shares of the company were exchanged, compared to its average volume of 3,491,715. The company has a market cap of $23.13 billion and a PE ratio of 14.17. The firm’s 50 day moving average is $36.59 and its 200-day moving average is $34.67. FOX has a 52 week low of $29.69 and a 52 week high of $41.95. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.96 and a current ratio of 3.73.

FOX (NASDAQ:FOXA) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.83 earnings per share (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 the consensus estimate of $2.60 billion. FOX had a return on equity of 14.30% and a net margin of 12.94%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.52 EPS. As a group, equities analysts forecast that FOX will post 2.27 earnings per share for the current fiscal year.

FOX Company Profile

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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