FOX (NASDAQ:FOXA) Upgraded by Bank of America to Buy

Bank of America upgraded shares of FOX (NASDAQ:FOXA) from a neutral rating to a buy rating in a research note released on Thursday morning, Marketbeat Ratings reports. The firm currently has $40.00 price target on the stock, up from their prior price target of $34.00.

Other research analysts have also issued reports about the company. Rosenblatt Securities reiterated a neutral rating and set a $34.00 price target on shares of FOX in a report on Monday, April 15th. Citigroup raised shares of FOX from a neutral rating to a buy rating and increased their price target for the company from $34.00 to $35.00 in a report on Friday, February 23rd. Wells Fargo & Company dropped their price objective on shares of FOX from $30.00 to $28.00 and set an underweight rating on the stock in a report on Thursday, February 8th. TheStreet lowered shares of FOX from a b- rating to a c rating in a research report on Wednesday, February 7th. Finally, Seaport Res Ptn upgraded FOX from a neutral rating to a buy rating in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $34.42.

FOX Trading Up 0.3 %

FOX stock opened at $33.41 on Thursday. FOX has a 52 week low of $28.28 and a 52 week high of $35.40. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.01 and a current ratio of 3.24. The firm has a market capitalization of $15.87 billion, a PE ratio of 10.47, a PEG ratio of 0.45 and a beta of 0.77. The business’s 50-day simple moving average is $30.81 and its 200-day simple moving average is $30.49.

Institutional Investors Weigh In On FOX

A number of hedge funds have recently made changes to their positions in FOXA. Global Retirement Partners LLC raised its position in FOX by 862.2% in the 4th quarter. Global Retirement Partners LLC now owns 943 shares of the company’s stock valued at $29,000 after purchasing an additional 845 shares during the last quarter. UMB Bank n.a. lifted its position in FOX by 254.4% during the 1st quarter. UMB Bank n.a. now owns 1,127 shares of the company’s stock worth $35,000 after buying an additional 809 shares in the last quarter. MV Capital Management Inc. grew its holdings in FOX by 36.5% during the 3rd quarter. MV Capital Management Inc. now owns 1,416 shares of the company’s stock worth $44,000 after acquiring an additional 379 shares during the last quarter. Altshuler Shaham Ltd bought a new stake in FOX during the 4th quarter worth about $43,000. Finally, GAMMA Investing LLC acquired a new stake in FOX in the 4th quarter valued at about $53,000. Institutional investors and hedge funds own 52.52% of the company’s stock.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). 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 through traditional cable television systems, direct broadcast satellite operators, and telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms primarily in the U.S.