Viacom, Inc. (NASDAQ:VIAB) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, August 1st.
A number of other brokerages have also recently issued reports on VIAB. Zacks Investment Research upgraded shares of Viacom from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Thursday, July 13th. Jefferies Group LLC restated a “buy” rating and set a $52.00 target price on shares of Viacom in a research report on Monday, April 17th. J P Morgan Chase & Co restated an “overweight” rating and set a $48.00 target price on shares of Viacom in a research report on Monday, June 12th. Rosenblatt Securities started coverage on shares of Viacom in a research report on Wednesday, April 5th. They set a “neutral” rating and a $45.00 target price for the company. Finally, Sanford C. Bernstein restated an “underperform” rating and set a $29.00 target price on shares of Viacom in a research report on Friday, June 16th. Six investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $42.04.
Viacom (VIAB) opened at 28.59 on Tuesday. Viacom has a 12 month low of $28.48 and a 12 month high of $46.72. The firm has a market cap of $11.50 billion, a P/E ratio of 7.87 and a beta of 1.57. The firm has a 50 day moving average of $33.28 and a 200-day moving average of $38.56.
Viacom (NASDAQ:VIAB) last released its quarterly earnings data on Thursday, August 3rd. The company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.12. The firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.29 billion. Viacom had a net margin of 20.45% and a return on equity of 53.78%. The firm’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.05 earnings per share. On average, equities research analysts forecast that Viacom will post $3.87 earnings per share for the current year.
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Large investors have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its stake in Viacom by 7.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 12,272 shares of the company’s stock valued at $431,000 after buying an additional 890 shares in the last quarter. Kentucky Retirement Systems acquired a new stake in Viacom during the fourth quarter valued at about $885,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Viacom during the fourth quarter valued at about $395,000. Macquarie Group Ltd. increased its stake in Viacom by 55.6% in the fourth quarter. Macquarie Group Ltd. now owns 24,325 shares of the company’s stock valued at $853,000 after buying an additional 8,691 shares in the last quarter. Finally, Deane Retirement Strategies Inc. increased its stake in Viacom by 5.4% in the first quarter. Deane Retirement Strategies Inc. now owns 90,223 shares of the company’s stock valued at $4,204,000 after buying an additional 4,644 shares in the last quarter. Institutional investors own 77.96% of the company’s stock.
Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.
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