Analysts at Gabelli began coverage on shares of FOX (NASDAQ:FOXA) in a report issued on Wednesday, The Fly reports. The firm set a “buy” rating on the stock.
Several other research analysts also recently commented on FOXA. Zacks Investment Research downgraded FOX from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. Societe Generale downgraded FOX from a “hold” rating to a “sell” rating in a research note on Thursday, January 24th. Vertical Group raised FOX from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Buckingham Research raised their price objective on FOX from $52.00 to $54.00 and gave the stock a “buy” rating in a research note on Monday, February 25th. Finally, UBS Group raised their price objective on FOX to $52.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company’s stock. FOX currently has a consensus rating of “Buy” and a consensus target price of $47.10.
FOXA stock traded down $0.22 during trading on Wednesday, reaching $37.67. The stock had a trading volume of 19,493 shares, compared to its average volume of 6,421,493. FOX has a 52 week low of $35.90 and a 52 week high of $41.95. The company has a debt-to-equity ratio of 0.78, a current ratio of 4.60 and a quick ratio of 3.77.
FOX (NASDAQ:FOXA) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.64 by $0.12. The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same period last year, the business earned $0.49 EPS. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities research analysts forecast that FOX will post 2.27 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in FOXA. Prime Capital Investment Advisors LLC bought a new stake in shares of FOX during the 4th quarter worth approximately $26,000. Sontag Advisory LLC bought a new stake in FOX during the 4th quarter valued at $36,000. We Are One Seven LLC acquired a new position in shares of FOX during the fourth quarter valued at approximately $38,000. Athena Capital Advisors LLC acquired a new position in shares of FOX during the fourth quarter valued at approximately $40,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of FOX during the fourth quarter valued at approximately $70,000. Hedge funds and other institutional investors own 2.49% 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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