FOX (NASDAQ:FOX) Upgraded to “Strong-Buy” at Rothschild & Co Redburn

Rothschild & Co Redburn upgraded shares of FOX (NASDAQ:FOX) from a hold rating to a strong-buy rating in a research report sent to investors on Friday,Zacks.com reports.

Several other brokerages have also recently commented on FOX. Weiss Ratings upgraded shares of FOX from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, June 24th. Zacks Research lowered FOX from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, FOX currently has a consensus rating of “Moderate Buy” and an average price target of $74.33.

FOX Trading Up 0.6%

FOX stock opened at $48.75 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.90 and a quick ratio of 2.65. FOX has a 1-year low of $44.08 and a 1-year high of $68.18. The business has a 50 day simple moving average of $54.12 and a two-hundred day simple moving average of $56.68. The company 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 (NASDAQ:FOX) last released its earnings results 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 net margin of 10.56% and a return on equity of 18.90%. The firm had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.78 billion. Research analysts anticipate that FOX will post 4.78 EPS for the current fiscal year.

Institutional Trading of FOX

Large investors have recently made changes to their positions in the business. SG Americas Securities LLC lifted its holdings in shares of FOX by 2,459.6% in the 4th quarter. SG Americas Securities LLC now owns 413,037 shares of the company’s stock valued at $26,818,000 after acquiring an additional 396,900 shares during the last quarter. Gabelli Funds LLC increased its stake in FOX by 5.2% during the fourth quarter. Gabelli Funds LLC now owns 566,600 shares of the company’s stock worth $36,789,000 after acquiring an additional 28,200 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in FOX by 2.7% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 369,923 shares of the company’s stock worth $24,019,000 after acquiring an additional 9,808 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in FOX during the first quarter valued at approximately $9,328,000. Finally, Allstate Corp raised its position in FOX by 243.6% during the fourth quarter. Allstate Corp now owns 13,553 shares of the company’s stock valued at $880,000 after purchasing an additional 9,609 shares during the period. 26.41% of the stock is currently owned by institutional investors.

Key Headlines 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.

FOX Company Profile

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.