Needham Gives a Hold Rating to Fox (FOXA)

By Jason Carr

Needham analyst Laura Martin assigned a Hold rating to Fox (FOXAResearch Report) today. The company’s shares closed last Tuesday at $27.92.

According to TipRanks.com, Martin is a top 100 analyst with an average return of 22.2% and a 64.2% success rate. Martin covers the Services sector, focusing on stocks such as Peloton Interactive, World Wrestling, and Walt Disney.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fox with a $28.22 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 $2.42 billion and net profit of $122 million. In comparison, last year the company earned revenue of $2.51 billion and had a net profit of $454 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. It empowers a diverse range of creators to imagine and develops culturally significant content, while building an organization that thrives on creative ideas, operational expertise and strategic thinking. The company was founded on May 3, 2018 and is headquartered in New York, NY.