FOX (NASDAQ:FOX) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of FOX (NASDAQ:FOX) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday,Zacks.com reports.

Several other research analysts have also recently commented on FOX. Bank of America reissued an “underperform” rating and set a $45.00 target price (down from $80.00) on shares of FOX in a research note on Wednesday, February 25th. Wells Fargo & Company cut FOX from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, FOX has an average rating of “Moderate Buy” and a consensus target price of $75.00.

FOX Stock Performance

FOX opened at $59.47 on Tuesday. FOX has a 12 month low of $48.42 and a 12 month high of $68.18. The stock has a market capitalization of $25.30 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 6.89 and a beta of 0.54. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.90 and a quick ratio of 2.44. The business has a fifty day moving average price of $54.94 and a 200 day moving average price of $58.43.

FOX (NASDAQ:FOX) last released its earnings results on Monday, May 11th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.02 by $0.30. FOX had a return on equity of 18.90% and a net margin of 10.56%.The firm had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Sell-side analysts expect that FOX will post 4.85 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Lachlan K. Murdoch sold 637,752 shares of the company’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $58.20, for a total transaction of $37,117,166.40. Following the completion of the transaction, the chief executive officer directly owned 152 shares of the company’s stock, valued at approximately $8,846.40. This represents a 99.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO John Nallen sold 242,309 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $57.74, for a total value of $13,990,921.66. Following the transaction, the chief operating officer directly owned 357,653 shares of the company’s stock, valued at approximately $20,650,884.22. This represents a 40.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,586,871 shares of company stock valued at $91,893,926. Insiders own 23.06% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FOX. Gabelli Funds LLC lifted its holdings in shares of FOX by 26.4% in the 3rd quarter. Gabelli Funds LLC now owns 538,400 shares of the company’s stock valued at $30,845,000 after purchasing an additional 112,600 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of FOX by 2,459.6% in the 4th quarter. SG Americas Securities LLC now owns 413,037 shares of the company’s stock valued at $26,818,000 after purchasing an additional 396,900 shares during the last quarter. Canada Post Corp Registered Pension Plan lifted its holdings in shares of FOX by 786.4% in the 3rd quarter. Canada Post Corp Registered Pension Plan now owns 23,720 shares of the company’s stock valued at $1,352,000 after purchasing an additional 21,044 shares during the last quarter. Andra AP fonden lifted its holdings in shares of FOX by 2.7% in the 3rd quarter. Andra AP fonden now owns 1,110,900 shares of the company’s stock valued at $63,643,000 after purchasing an additional 29,200 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. lifted its holdings in shares of FOX by 4.8% in the 3rd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 257,911 shares of the company’s stock valued at $14,776,000 after purchasing an additional 11,900 shares during the last quarter. 26.41% of the stock is owned by institutional investors and hedge funds.

Key FOX News

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Zacks Research upgraded Fox Corporation (FOX) from “hold” to “strong-buy,” adding to bullish sentiment around the stock. FOX was upgraded by Zacks Research from hold to strong-buy
• Positive Sentiment: Analysts raised their forecasts after Fox Corporation posted stronger-than-expected fiscal Q3 2026 results, including revenue of $3.994 billion and adjusted net income of $570 million, reinforcing the view that earnings trends are improving. Fox Analysts Raise Their Forecasts After Upbeat Q3 Earnings
• Neutral Sentiment: Fox Corporation also presented at MoffettNathanson’s Media, Internet & Communications Conference, but no clear new stock-moving guidance was highlighted in the available summary. Fox Corporation (FOXA) Presents at MoffettNathanson’s Media, Internet & Communications Conference Transcript
• Neutral Sentiment: Several Fox News and FOX-related content items were published, but they appear to be editorial/video coverage rather than direct business drivers for the stock.

FOX Company Profile

Fox Corporation (NASDAQ:FOX) is a U.S.-based media company that operates television broadcast, news and sports businesses. The company traces its contemporary structure to the 2019 reorganization that followed the sale of certain entertainment assets to The Walt Disney Company; Fox Corporation retained a portfolio centered on the Fox Broadcasting Company, Fox Television Stations, Fox News Media and Fox Sports. Over time the company has expanded its digital footprint through acquisitions and direct-to-consumer services, building a mix of linear and streaming distribution.

FOX’s core activities include the creation, aggregation and distribution of television programming and live sports, the operation of national cable news and business networks, and the ownership and operation of local broadcast stations.