FOX (NASDAQ:FOXA) Stock Rating Lowered by Zacks Research

FOX (NASDAQ:FOXA) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other brokerages have also commented on FOXA. JPMorgan Chase & Co. raised their price objective on FOX from $69.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. UBS Group reaffirmed a “neutral” rating on shares of FOX in a research report on Monday, June 15th. Evercore set a $73.00 price target on shares of FOX in a research note on Tuesday, May 12th. Weiss Ratings reiterated a “buy (b-)” rating on shares of FOX in a research note on Friday, May 22nd. Finally, Wolfe Research raised shares of FOX from a “peer perform” rating to an “outperform” rating and set a $71.00 price target for the company in a research report on Tuesday, June 30th. Eight investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $73.56.

FOX Stock Up 5.3%

Shares of NASDAQ:FOXA opened at $61.77 on Wednesday. The firm has a market capitalization of $25.96 billion, a P/E ratio of 16.30, a P/E/G ratio of 1.67 and a beta of 0.54. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.65 and a current ratio of 2.90. The stock has a 50 day moving average price of $57.48 and a 200-day moving average price of $60.68. FOX has a 52-week low of $48.34 and a 52-week high of $76.39.

FOX (NASDAQ:FOXA) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.35. The company had revenue of $4.21 billion for the quarter, compared to analyst estimates of $3.64 billion. FOX had a return on equity of 18.90% and a net margin of 10.56%.The firm’s revenue was up 28.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.27 earnings per share. As a group, equities research analysts anticipate that FOX will post 4.96 EPS for the current fiscal year.

Institutional Investors Weigh In On FOX

Several hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its stake in shares of FOX by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 6,534,627 shares of the company’s stock worth $476,248,000 after acquiring an additional 29,923 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of FOX by 72.0% during the second quarter. Ameriprise Financial Inc. now owns 1,821,284 shares of the company’s stock valued at $101,948,000 after acquiring an additional 762,645 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new position in shares of FOX in the 4th quarter worth about $67,467,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of FOX by 3.0% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 572,145 shares of the company’s stock worth $41,807,000 after purchasing an additional 16,716 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in FOX by 299.8% in the 1st quarter. SG Americas Securities LLC now owns 511,811 shares of the company’s stock worth $29,890,000 after purchasing an additional 383,782 shares in the last quarter. 52.52% of the stock is owned by institutional investors.

More FOX News

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Fox reported quarterly revenue of $4.21 billion, up 28% year over year, while net income reached $696 million and adjusted EBITDA was $1.20 billion. Full-year revenue was $17.13 billion, with net income of $1.73 billion and adjusted EBITDA of $3.91 billion. FOX Reports Fourth Quarter Fiscal 2026 Results
• Positive Sentiment: Adjusted earnings of $1.79 per share exceeded the $1.44 analyst consensus and rose from $1.27 a year earlier. The earnings beat and 28.1% revenue growth strengthened the near-term investment case. Fox Q4 Earnings and Revenues Surpass Estimates
• Positive Sentiment: World Cup programming drove a 78% increase in advertising revenue, while distribution revenue increased 5%. The event also helped Fox’s Tubi streaming platform attract audiences and advertising demand. Fox Advertising and Tubi Get Boost From World Cup
• Positive Sentiment: Management said Fox will retain its current NFL media-rights agreement through its scheduled expiration, supporting visibility for a key audience and advertising asset. Fox NFL Media Rights Update

FOX Company Profile

Fox Corporation (NASDAQ: FOXA) is a U.S.-based media company focused on television broadcasting, cable news and sports programming, and digital distribution. The company was formed in 2019 as the successor to certain assets of 21st Century Fox after a transaction that transferred many film and television studio assets to The Walt Disney Company. Fox Corp’s operations center on the Fox Broadcasting network, a portfolio of local television stations, national news and business cable networks, and sports media properties.

Fox produces, acquires and distributes a range of live and recorded programming, including news, opinion and commentary, national and local sports telecasts, and general entertainment.