FOX (NASDAQ:FOX) Upgraded at Rothschild & Co Redburn

FOX (NASDAQ:FOX) was upgraded by equities research analysts at Rothschild & Co Redburn from a “hold” rating to a “strong-buy” rating in a note issued to investors on Friday,Zacks.com reports.

FOX has been the subject of several other research reports. Weiss Ratings raised FOX from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, June 24th. Zacks Research cut shares of FOX from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $74.33.

FOX Price Performance

NASDAQ FOX opened at $48.75 on Friday. The stock has a market capitalization of $20.48 billion, a price-to-earnings ratio of 12.86, a PEG ratio of 1.38 and a beta of 0.57. FOX has a 1-year low of $44.08 and a 1-year high of $68.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.90 and a quick ratio of 2.65. The business’s fifty day moving average price is $54.12 and its 200-day moving average price is $56.68.

FOX (NASDAQ:FOX) last issued its quarterly earnings data on Monday, May 11th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.02 by $0.30. FOX had a return on equity of 18.90% and a net margin of 10.56%.The company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.78 billion. On average, equities analysts predict that FOX will post 4.78 earnings per share for the current year.

Hedge Funds Weigh In On FOX

A number of hedge funds have recently made changes to their positions in FOX. Wedge Capital Management L L P NC purchased a new stake in shares of FOX during the second quarter worth about $35,047,000. Arlington Partners LLC lifted its holdings in FOX by 12.4% in the 2nd quarter. Arlington Partners LLC now owns 5,054 shares of the company’s stock worth $237,000 after purchasing an additional 556 shares in the last quarter. Versant Capital Management Inc lifted its holdings in FOX by 42.3% in the 2nd quarter. Versant Capital Management Inc now owns 844 shares of the company’s stock worth $40,000 after purchasing an additional 251 shares in the last quarter. Glenmede Trust Co. NA boosted its stake in FOX by 143.9% in the 1st quarter. Glenmede Trust Co. NA now owns 2,697 shares of the company’s stock worth $143,000 after purchasing an additional 1,591 shares during the period. Finally, Arkadios Wealth Advisors boosted its stake in FOX by 30.6% in the 1st quarter. Arkadios Wealth Advisors now owns 8,438 shares of the company’s stock worth $448,000 after purchasing an additional 1,978 shares during the period. Institutional investors own 26.41% of the company’s stock.

Key Stories Impacting FOX

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Coverage around Fox’s recent move to buy Roku and commentary about Disney considering a free tier for Disney+ highlights Fox’s role in the evolving streaming/media landscape, which could support investor interest in FOX’s distribution and platform strategy. Article Title
• Neutral Sentiment: Fox Weather’s NASA-related coverage, including recruitment for simulated Mars and Moon missions and a separate UFO-imagery story, reflects ongoing content activity across the Fox media network, but these items are not likely to move the stock materially on their own.
• Neutral Sentiment: A surge of Fox News political, legal, and world-news video coverage — including Iran developments, the Charlie Kirk case, and other breaking-news segments — may help drive traffic and audience engagement, but the headlines themselves do not indicate a new corporate catalyst for Fox Corporation.
• Negative Sentiment: Short-interest data showing essentially no shares short and no meaningful change is not a strong bullish signal; it suggests there is little short-squeeze setup or new bearish positioning to explain upside in the shares.

About FOX

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.