Atlantic Securities cut shares of FOX (NASDAQ:FOXA) from an overweight rating to an underweight rating in a research note issued to investors on Tuesday morning, BenzingaRatingsTable reports. Atlantic Securities currently has $28.00 target price on the stock.

Several other brokerages have also issued reports on FOXA. ValuEngine lowered shares of FOX from a hold rating to a sell rating in a report on Tuesday, July 2nd. Goldman Sachs Group assumed coverage on shares of FOX in a report on Wednesday, June 26th. They set a buy rating and a $46.00 price target on the stock. Macquarie lowered shares of FOX from a neutral rating to an underperform rating and decreased their price target for the company from $35.00 to $30.00 in a report on Monday. BidaskClub lowered shares of FOX from a hold rating to a sell rating in a report on Saturday, August 24th. Finally, Zacks Investment Research raised shares of FOX from a sell rating to a hold rating in a report on Tuesday, August 27th. Six research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $43.15.

FOXA stock traded down $0.05 during mid-day trading on Tuesday, hitting $33.74. The stock had a trading volume of 196,609 shares, compared to its average volume of 3,436,058. The firm has a market capitalization of $21.29 billion and a P/E ratio of 12.80. The company has a current ratio of 3.78, a quick ratio of 3.12 and a debt-to-equity ratio of 0.68. The firm has a fifty day simple moving average of $34.57 and a 200 day simple moving average of $37.98. FOX has a 52 week low of $31.58 and a 52 week high of $41.95.

FOX (NASDAQ:FOXA) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.03. The company had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.47 billion. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the firm posted $0.57 earnings per share. As a group, equities analysts expect that FOX will post 2.35 earnings per share for the current fiscal year.

The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 4th will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, September 3rd. FOX’s dividend payout ratio is presently 17.49%.

A hedge fund recently raised its stake in FOX stock. Geode Capital Management LLC increased its holdings in shares of Fox Corp (NASDAQ:FOXA) by 6.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,669,016 shares of the company’s stock after buying an additional 860,913 shares during the period. Geode Capital Management LLC owned about 0.74% of FOX worth $656,632,000 at the end of the most recent quarter. 54.66% of the stock is owned by institutional investors.

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.

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Analyst Recommendations for FOX (NASDAQ:FOXA)

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