FOX (NASDAQ:FOXA) had its target price cut by analysts at Citigroup from $40.00 to $38.00 in a research report issued to clients and investors on Wednesday, BenzingaRatingsTable reports. The brokerage currently has a “neutral” rating on the stock. Citigroup‘s target price suggests a potential upside of 12.59% from the company’s previous close.

A number of other brokerages have also issued reports on FOXA. ValuEngine lowered shares of FOX from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Evercore ISI restated a “buy” rating and set a $45.00 target price on shares of FOX in a research report on Thursday, August 8th. Macquarie lowered shares of FOX from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $35.00 to $30.00 in a research report on Monday. Zacks Investment Research upgraded shares of FOX from a “sell” rating to a “hold” rating in a research report on Tuesday, August 27th. Finally, Guggenheim lowered shares of FOX from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $43.00 to $38.00 in a research report on Monday, July 1st. Six investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. FOX presently has a consensus rating of “Hold” and an average price target of $43.15.

Shares of FOXA traded down $0.04 during mid-day trading on Wednesday, reaching $33.75. 159,352 shares of the company’s stock were exchanged, compared to its average volume of 3,436,058. The company has a quick ratio of 3.12, a current ratio of 3.78 and a debt-to-equity ratio of 0.68. The company has a 50-day simple moving average of $34.57 and a two-hundred day simple moving average of $37.98. FOX has a 52-week low of $31.58 and a 52-week high of $41.95. The company has a market cap of $21.29 billion and a price-to-earnings ratio of 12.87.

FOX (NASDAQ:FOXA) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.03. The business had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same period last year, the business earned $0.57 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, equities research analysts predict that FOX will post 2.35 EPS for the current fiscal year.

An institutional investor recently raised its position in FOX stock. Geode Capital Management LLC raised its stake in Fox Corp (NASDAQ:FOXA) by 6.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,669,016 shares of the company’s stock after purchasing an additional 860,913 shares during the quarter. Geode Capital Management LLC owned about 0.74% of FOX worth $656,632,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 54.66% of the company’s stock.

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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Analyst Recommendations for FOX (NASDAQ:FOXA)

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