Needham & Company LLC reiterated their hold rating on shares of FOX (NASDAQ:FOXA) in a research report sent to investors on Thursday, AnalystRatings.com reports.
A number of other research firms have also recently weighed in on FOXA. BidaskClub cut shares of FOX from a hold rating to a sell rating in a report on Saturday, August 24th. Barclays reaffirmed a hold rating and issued a $38.00 price objective on shares of FOX in a report on Friday, July 12th. Macquarie cut shares of FOX from a neutral rating to an underperform rating and cut their price objective for the company from $35.00 to $30.00 in a report on Monday, September 9th. Evercore ISI reaffirmed a buy rating and issued a $45.00 price objective on shares of FOX in a report on Thursday, August 8th. Finally, Citigroup cut their price objective on shares of FOX from $40.00 to $38.00 and set a neutral rating for the company in a report on Wednesday, September 11th. Seven analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of Hold and an average price target of $41.89.
FOXA traded up $0.20 during trading on Thursday, hitting $35.14. The stock had a trading volume of 4,979,800 shares, compared to its average volume of 5,333,419. The company has a debt-to-equity ratio of 0.68, a quick ratio of 3.12 and a current ratio of 3.78. The stock has a 50 day simple moving average of $31.93 and a two-hundred day simple moving average of $34.80. FOX has a twelve month low of $29.69 and a twelve month high of $41.95. The company has a market capitalization of $20.38 billion and a PE ratio of 13.36.
Hedge funds have recently added to or reduced their stakes in the company. California Public Employees Retirement System purchased a new stake in shares of FOX during the third quarter worth about $31,662,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of FOX during the third quarter worth about $41,569,000. Great West Life Assurance Co. Can purchased a new stake in shares of FOX during the third quarter worth about $6,856,000. Crossmark Global Holdings Inc. purchased a new stake in shares of FOX during the third quarter worth about $763,000. Finally, Tweedy Browne Co LLC purchased a new stake in shares of FOX during the third quarter worth about $40,985,000. 55.84% of the stock is owned by institutional investors and hedge funds.
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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