Rosenblatt Securities analyst Barton Crockett initiated coverage with a Hold rating on Fox (FOXA – Research Report) today and set a price target of $38.00. The company’s shares closed last Tuesday at $39.18.
According to TipRanks.com, Crockett is ranked #1543 out of 7928 analysts.
Currently, the analyst consensus on Fox is a Moderate Buy with an average price target of $47.25.
Based on Fox’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.44 billion and GAAP net loss of $85 million. In comparison, last year the company earned revenue of $4.09 billion and had a net profit of $224 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.
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