Fox (FOXA) Gets a Hold Rating from Needham

By Austin Angelo

In a report released today, Laura Martin from Needham maintained a Hold rating on Fox (FOXAResearch Report). The company’s shares closed last Monday at $33.10, close to its 52-week low of $29.70.

According to TipRanks.com, Martin is a top 100 analyst with an average return of 20.7% and a 64.4% success rate. Martin covers the Services sector, focusing on stocks such as World Wrestling, Walt Disney, and Discovery.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Fox with a $33.25 average price target.

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Based on Fox’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.51 billion and net profit of $454 million. In comparison, last year the company earned revenue of $2.54 billion and had a net profit of $604 million.

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Fox Corp. delivers compelling news, sports and entertainment content. The company provides news under the brands FOX News, FOX Business, FS1, FS2, Big Ten Network, FOX Network and FOX Television Stations.