FOX (NASDAQ:FOX) Raised to Strong-Buy at Zacks Research

FOX (NASDAQ:FOX) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Several other equities analysts also recently weighed in on FOX. Wells Fargo & Company downgraded shares of FOX from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. Bank of America reaffirmed an “underperform” rating and set a $45.00 price target (down from $80.00) on shares of FOX in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $75.00.

FOX Price Performance

Shares of NASDAQ:FOX opened at $59.47 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.90 and a quick ratio of 2.44. FOX has a 1-year low of $48.42 and a 1-year high of $68.18. The company has a market capitalization of $25.30 billion, a P/E ratio of 15.69, a P/E/G ratio of 6.89 and a beta of 0.54. The firm’s 50 day simple moving average is $54.94 and its two-hundred day simple moving average is $58.43.

FOX (NASDAQ:FOX) last issued its quarterly earnings results on Monday, May 11th. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.30. FOX had a net margin of 10.56% and a return on equity of 18.90%. The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.78 billion. Research analysts expect that FOX will post 4.85 EPS for the current fiscal year.

Insider Buying and Selling at FOX

In other news, CEO Lachlan K. Murdoch sold 637,752 shares of the business’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $58.20, for a total value of $37,117,166.40. Following the transaction, the chief executive officer owned 152 shares of the company’s stock, valued at approximately $8,846.40. The trade was a 99.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO John Nallen sold 242,309 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $57.74, for a total transaction of $13,990,921.66. Following the completion of the transaction, the chief operating officer directly owned 357,653 shares in the company, valued at $20,650,884.22. This trade represents a 40.39% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,586,871 shares of company stock worth $91,893,926 in the last three months. Insiders own 23.06% of the company’s stock.

Institutional Investors Weigh In On FOX

Large investors have recently bought and sold shares of the business. AQR Capital Management LLC lifted its position in FOX by 65.6% during the first quarter. AQR Capital Management LLC now owns 26,715 shares of the company’s stock valued at $1,408,000 after purchasing an additional 10,579 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in FOX by 4.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,446 shares of the company’s stock valued at $656,000 after purchasing an additional 586 shares during the last quarter. NewEdge Advisors LLC bought a new position in FOX during the first quarter valued at $224,000. Woodline Partners LP lifted its position in FOX by 40.7% during the first quarter. Woodline Partners LP now owns 11,145 shares of the company’s stock valued at $587,000 after purchasing an additional 3,222 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in FOX by 427.0% during the first quarter. Jane Street Group LLC now owns 97,261 shares of the company’s stock valued at $5,127,000 after purchasing an additional 78,804 shares during the last quarter. Institutional investors own 26.41% of the company’s stock.

Key Headlines Impacting FOX

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Zacks Research upgraded Fox Corporation (FOX) from “hold” to “strong-buy,” adding to bullish sentiment around the stock. FOX was upgraded by Zacks Research from hold to strong-buy
• Positive Sentiment: Analysts raised their forecasts after Fox Corporation posted stronger-than-expected fiscal Q3 2026 results, including revenue of $3.994 billion and adjusted net income of $570 million, reinforcing the view that earnings trends are improving. Fox Analysts Raise Their Forecasts After Upbeat Q3 Earnings
• Neutral Sentiment: Fox Corporation also presented at MoffettNathanson’s Media, Internet & Communications Conference, but no clear new stock-moving guidance was highlighted in the available summary. Fox Corporation (FOXA) Presents at MoffettNathanson’s Media, Internet & Communications Conference Transcript
• Neutral Sentiment: Several Fox News and FOX-related content items were published, but they appear to be editorial/video coverage rather than direct business drivers for the stock.

FOX Company Profile

Fox Corporation (NASDAQ:FOX) is a U.S.-based media company that operates television broadcast, news and sports businesses. The company traces its contemporary structure to the 2019 reorganization that followed the sale of certain entertainment assets to The Walt Disney Company; Fox Corporation retained a portfolio centered on the Fox Broadcasting Company, Fox Television Stations, Fox News Media and Fox Sports. Over time the company has expanded its digital footprint through acquisitions and direct-to-consumer services, building a mix of linear and streaming distribution.

FOX’s core activities include the creation, aggregation and distribution of television programming and live sports, the operation of national cable news and business networks, and the ownership and operation of local broadcast stations.