FOX (NASDAQ:FOXA) Receives Hold Rating from Barclays

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

A number of other brokerages have also commented on FOXA. Buckingham Research started coverage on FOX in a research note on Thursday, March 21st. They issued a buy rating for the company. Zacks Investment Research raised HB Fuller from a sell rating to a hold rating in a research note on Wednesday, July 3rd. Atlantic Securities lowered Biogen from an overweight rating to a neutral rating in a research note on Thursday, March 21st. Bank of America raised their price target on Altria Group from $56.00 to $66.00 and gave the stock a buy rating in a research note on Wednesday, March 20th. Finally, Loop Capital started coverage on FOX in a research note on Monday, March 25th. They issued a hold rating and a $42.00 price target for the company. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $46.09.

Shares of FOX stock opened at $37.01 on Friday. 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 has a 52-week low of $33.78 and a 52-week high of $41.95. The business has a 50 day moving average price of $35.71.

FOX (NASDAQ:FOXA) last issued its earnings results on Wednesday, May 8th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.12. The firm had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the prior year, the business posted $0.49 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, analysts predict that FOX will post 2.68 EPS for the current year.

A number of institutional investors have recently made changes to their positions in the business. FMR LLC increased its holdings in shares of FOX by 15.2% during the fourth quarter. FMR LLC now owns 33,154,386 shares of the company’s stock valued at $1,595,388,000 after acquiring an additional 4,364,397 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of FOX by 6.7% during the fourth quarter. Geode Capital Management LLC now owns 13,669,016 shares of the company’s stock valued at $656,632,000 after acquiring an additional 860,913 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of FOX by 17.5% during the fourth quarter. Legal & General Group Plc now owns 5,404,836 shares of the company’s stock valued at $260,072,000 after acquiring an additional 803,265 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of FOX by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,594,654 shares of the company’s stock valued at $221,095,000 after acquiring an additional 15,713 shares in the last quarter. Finally, Naya Capital Management UK Ltd. increased its holdings in shares of FOX by 63.2% during the fourth quarter. Naya Capital Management UK Ltd. now owns 4,472,703 shares of the company’s stock valued at $215,226,000 after acquiring an additional 1,731,632 shares in the last quarter. 51.24% of the stock is owned by institutional investors and hedge funds.

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.

Featured Story: How the Consumer Price Index (CPI) is calculated?

Analyst Recommendations for FOX (NASDAQ:FOXA)

Receive News & Ratings for FOX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FOX and related companies with MarketBeat.com's FREE daily email newsletter.