Zacks Investment Research upgraded shares of FOX (NASDAQ:FOXA) from a strong sell rating to a hold rating in a report published on Tuesday, Zacks.com reports.

According to Zacks, “Fox Corporation produces and distributes compelling news, sports and entertainment content. The company’s brand includes FOX News, FOX Sports, the FOX Network, the FOX Television Stations and sports cable networks FS1, FS2, Fox Deportes and Big Ten Network. Fox Corporation is based in New York, United States. “

Several other equities research analysts have also commented on FOXA. Goldman Sachs Group assumed coverage on Tricida in a research report on Wednesday, June 26th. They issued a buy rating and a $48.00 price objective on the stock. Loop Capital assumed coverage on FOX in a research report on Monday, March 25th. They issued a hold rating and a $42.00 price objective on the stock. Credit Suisse Group lowered their price objective on FOX from $51.00 to $45.00 and set an outperform rating on the stock in a research report on Monday, June 3rd. Gabelli assumed coverage on FOX in a research report on Wednesday, May 15th. They issued a buy rating and a $57.00 price objective on the stock. Finally, JPMorgan Chase & Co. set a €21.00 ($24.42) price objective on Signify and gave the stock a sell rating in a research report on Monday, March 25th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $46.09.

NASDAQ:FOXA traded down $0.08 during midday trading on Tuesday, hitting $36.47. The company’s stock had a trading volume of 71,438 shares, compared to its average volume of 4,437,742. FOX has a fifty-two week low of $33.78 and a fifty-two week high of $41.95. The company’s 50 day simple moving average is $35.70. The company has a current ratio of 4.60, a quick ratio of 3.77 and a debt-to-equity ratio of 0.78.

FOX (NASDAQ:FOXA) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.12. The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same quarter last year, the company posted $0.49 EPS. FOX’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities research analysts predict that FOX will post 2.68 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the company. Sontag Advisory LLC purchased a new position in FOX in the 4th quarter valued at $36,000. Kaizen Advisory LLC lifted its holdings in FOX by 24.3% in the 4th quarter. Kaizen Advisory LLC now owns 2,831 shares of the company’s stock valued at $136,000 after purchasing an additional 553 shares in the last quarter. Coldstream Capital Management Inc. purchased a new position in FOX in the 4th quarter valued at $210,000. OLD Mission Capital LLC purchased a new position in FOX in the 4th quarter valued at $231,000. Finally, Centric Wealth Management purchased a new position in FOX in the 4th quarter valued at $235,000. Hedge funds and other institutional investors own 51.24% of the company’s stock.

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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