FOX (NASDAQ:FOXA) Cut to “Hold” at Zacks Research

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

FOXA has been the subject of several other reports. Wells Fargo & Company lowered their price objective on FOX from $71.00 to $65.00 and set an “equal weight” rating for the company in a research report on Monday, July 6th. Rothschild & Co Redburn set a $71.00 target price on FOX and gave the stock a “buy” rating in a research report on Friday, July 10th. UBS Group restated a “neutral” rating on shares of FOX in a research note on Monday, June 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of FOX in a report on Friday, May 22nd. Finally, Wolfe Research upgraded shares of FOX from a “peer perform” rating to an “outperform” rating and set a $71.00 price target on the stock in a research note on Tuesday, June 30th. Eight equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $73.56.

FOX Stock Performance

Shares of FOXA stock opened at $61.77 on Wednesday. The company has a current ratio of 2.90, a quick ratio of 2.65 and a debt-to-equity ratio of 0.60. The firm has a fifty day moving average price of $57.48 and a 200 day moving average price of $60.68. The company has a market cap 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 12 month low of $48.34 and a 12 month high of $76.39.

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

Institutional Trading of FOX

A number of hedge funds and other institutional investors have recently made changes to their positions in FOXA. Strategic Investment Advisors MI boosted its position in shares of FOX by 19.8% in the 1st quarter. Strategic Investment Advisors MI now owns 83,066 shares of the company’s stock valued at $4,855,000 after purchasing an additional 13,749 shares during the period. EverSource Wealth Advisors LLC grew its stake in FOX by 20.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,451 shares of the company’s stock worth $85,000 after buying an additional 251 shares during the last quarter. Andra AP fonden increased its position in FOX by 208.1% during the first quarter. Andra AP fonden now owns 247,000 shares of the company’s stock worth $14,425,000 after buying an additional 166,822 shares during the period. Wilkerson Advisory Group LLC increased its position in FOX by 50.6% during the first quarter. Wilkerson Advisory Group LLC now owns 1,435 shares of the company’s stock worth $84,000 after buying an additional 482 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in FOX by 9.9% during the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 287,000 shares of the company’s stock worth $16,755,000 after buying an additional 25,900 shares during the period. Institutional investors and hedge funds own 52.52% of the company’s stock.

Key Headlines Impacting FOX

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.