Barclays analyst Kannan Venkateshwar maintained a Hold rating on Fox (FOXA – Research Report) today and set a price target of $33.00. The company’s shares closed yesterday at $29.47.
According to TipRanks, Venkateshwar is a 4-star analyst with an average return of 7.2% and a 57.34% success rate. Venkateshwar covers the Communication Services sector, focusing on stocks such as Paramount Global Class B, Rogers Communication, and Telus.
In addition to Barclays, Fox also received a Hold from TD Cowen’s Doug Creutz in a report issued today. However, yesterday, Wells Fargo maintained a Sell rating on Fox (NASDAQ: FOXA).
See the top stocks recommended by analysts >>
Based on Fox’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.21 billion and a net profit of $407 million. In comparison, last year the company earned a revenue of $3.19 billion and had a net profit of $605 million
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Fox (FOXA) Company Description:
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.
Read More on FOXA:
- Fox Updates Governance Rules and Fiscal Year Changes
- FuboTV (NYSE:FUBO) Craters 24% amid New Competition
- FOX REPORTS SECOND QUARTER FISCAL 2024 REVENUES OF $4.23 BILLION, NET INCOME OF $115 MILLION, AND ADJUSTED EBITDA OF $350 MILLION
- FOX, WBD, and Disney Unite to Form Sports Streaming Giant
- Notable companies reporting before tomorrow’s open
