FOX (NASDAQ:FOXA) Receives Hold Rating from Barclays

Barclays restated their hold rating on shares of FOX (NASDAQ:FOXA) in a research note issued to investors on Friday, AnalystRatings.com reports. Barclays currently has a $38.00 price target on the stock.

Several other equities research analysts have also issued reports on the stock. Zacks Investment Research raised shares of HB Fuller from a sell rating to a hold rating in a report on Wednesday, July 3rd. BidaskClub lowered shares of Amyris from a hold rating to a sell rating in a report on Thursday, June 27th. Loop Capital began coverage on shares of FOX in a report on Monday, March 25th. They set a hold rating and a $42.00 price target on the stock. Atlantic Securities lowered shares of Biogen from an overweight rating to a neutral rating in a report on Thursday, March 21st. Finally, BMO Capital Markets began coverage on shares of CVS Health in a report on Wednesday, April 10th. They set an outperform rating and a $58.00 price target on the stock. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $46.09.

NASDAQ:FOXA opened at $37.01 on Friday. FOX has a 52 week low of $33.78 and a 52 week high of $41.95. The business’s 50-day simple moving average is $35.71. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.77 and a current ratio of 4.60.

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

A number of hedge funds have recently made changes to their positions in the business. Sontag Advisory LLC bought a new stake in shares of FOX in the 4th quarter worth $36,000. Kaizen Advisory LLC grew its stake in shares of FOX by 24.3% in the 4th quarter. Kaizen Advisory LLC now owns 2,831 shares of the company’s stock worth $136,000 after acquiring an additional 553 shares in the last quarter. Coldstream Capital Management Inc. bought a new stake in shares of FOX in the 4th quarter worth $210,000. OLD Mission Capital LLC bought a new stake in shares of FOX in the 4th quarter worth $231,000. Finally, Centric Wealth Management bought a new stake in shares of FOX in the 4th quarter worth $235,000. Institutional investors and hedge funds own 51.24% of the company’s stock.

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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