High Costs, Disappointing Summer At The Box Office Keep Fox Stuck In 'Slow Growth Mode' - Fox (NASDAQ:FOX), Fox (NASDAQ:FOXA)

Argus' Joseph Bonner commented on

Twenty-First Century Fox IncFOXFOXA

's challenging outlook and overhang from the Roger Ailes scandal. Due to upcoming concerns, Bonner reiterated the company's Hold rating.

Fox In ‘Slow Growth Mode'

Bonner believes Fox will remain in "slow growth mode" during a period of continued investment in programming, high cost of sports rights and a disappointing summer film slate. Fox News founder and CEO Roger Ailes' sexual harassment charges are likely to remain an overhang for shares, argued the Argus analyst.

Bonner admitted shares were more attractive relative to peers; however, the analyst wanted to see "greater traction and profitability and consistent efforts to improve the workplace culture at Fox" in order to upgrade the company to a Buy rating.

According to TipRanks, Joseph Bonner has a 66 percent success rating and a +9.2 percent average rate of return per recommendation.

At time of writing, Twenty-First Century Fox traded at $26.05, down 0.31 percent on the day.

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