FOX (NASDAQ:FOXA) Stock Rating Lowered by Zacks Research

FOX (NASDAQ:FOXA) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other equities analysts have also recently issued reports on the company. Evercore set a $73.00 price target on FOX in a research report on Tuesday, May 12th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of FOX in a research report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $79.00 target price on shares of FOX in a research note on Tuesday, May 12th. Seaport Research Partners reissued a “buy” rating and issued a $61.00 target price on shares of FOX in a report on Tuesday, June 16th. Finally, Rothschild & Co Redburn set a $71.00 price target on FOX and gave the stock a “buy” rating in a research note on Friday, July 10th. Eight research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, FOX presently has an average rating of “Hold” and an average price target of $73.56.

FOX Trading Up 5.3%

Shares of FOX stock opened at $61.77 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.65 and a current ratio of 2.90. The company has a market capitalization of $25.96 billion, a P/E ratio of 16.30, a PEG ratio of 1.67 and a beta of 0.54. FOX has a 1 year low of $48.34 and a 1 year high of $76.39. The company’s fifty day moving average is $57.48 and its two-hundred day moving average is $60.68.

FOX (NASDAQ:FOXA) last announced its earnings results on Thursday, August 6th. The company reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.35. FOX had a net margin of 10.56% and a return on equity of 18.90%. The business had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the prior year, the company earned $1.27 earnings per share. The business’s revenue was up 28.1% compared to the same quarter last year. Analysts forecast that FOX will post 4.96 earnings per share for the current year.

Institutional Investors Weigh In On FOX

Hedge funds have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its position in FOX by 205.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 923 shares of the company’s stock worth $52,000 after purchasing an additional 621 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of FOX by 286.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,368 shares of the company’s stock valued at $77,000 after buying an additional 1,014 shares during the period. Baird Financial Group Inc. boosted its stake in shares of FOX by 19.7% in the second quarter. Baird Financial Group Inc. now owns 17,500 shares of the company’s stock valued at $981,000 after buying an additional 2,876 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of FOX by 16.6% in the second quarter. California State Teachers Retirement System now owns 350,844 shares of the company’s stock valued at $19,661,000 after buying an additional 49,963 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in FOX by 72.0% during the second quarter. Ameriprise Financial Inc. now owns 1,821,284 shares of the company’s stock worth $101,948,000 after acquiring an additional 762,645 shares during the period. Institutional investors and hedge funds own 52.52% of the company’s stock.

Key FOX News

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Fox reported quarterly revenue of $4.21 billion, up 28% year over year, while net income reached $696 million and adjusted EBITDA was $1.20 billion. Full-year revenue was $17.13 billion, with net income of $1.73 billion and adjusted EBITDA of $3.91 billion. FOX Reports Fourth Quarter Fiscal 2026 Results
• Positive Sentiment: Adjusted earnings of $1.79 per share exceeded the $1.44 analyst consensus and rose from $1.27 a year earlier. The earnings beat and 28.1% revenue growth strengthened the near-term investment case. Fox Q4 Earnings and Revenues Surpass Estimates
• Positive Sentiment: World Cup programming drove a 78% increase in advertising revenue, while distribution revenue increased 5%. The event also helped Fox’s Tubi streaming platform attract audiences and advertising demand. Fox Advertising and Tubi Get Boost From World Cup
• Positive Sentiment: Management said Fox will retain its current NFL media-rights agreement through its scheduled expiration, supporting visibility for a key audience and advertising asset. Fox NFL Media Rights Update

FOX Company Profile

Fox Corporation (NASDAQ: FOXA) is a U.S.-based media company focused on television broadcasting, cable news and sports programming, and digital distribution. The company was formed in 2019 as the successor to certain assets of 21st Century Fox after a transaction that transferred many film and television studio assets to The Walt Disney Company. Fox Corp’s operations center on the Fox Broadcasting network, a portfolio of local television stations, national news and business cable networks, and sports media properties.

Fox produces, acquires and distributes a range of live and recorded programming, including news, opinion and commentary, national and local sports telecasts, and general entertainment.