Viacom, Inc. (VIAB) Receives Average Recommendation of “Hold” from Analysts

Shares of Viacom, Inc. (NASDAQ:VIAB) have been assigned an average rating of “Hold” from the thirty ratings firms that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a sell recommendation, sixteen have assigned a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $35.30.

A number of analysts recently commented on the company. B. Riley reiterated a “neutral” rating on shares of Viacom in a research report on Wednesday, November 1st. Atlantic Securities upgraded Viacom from an “underweight” rating to a “neutral” rating in a research report on Wednesday, February 14th. Pivotal Research reiterated a “hold” rating and set a $30.00 price objective (up previously from $27.00) on shares of Viacom in a research report on Tuesday, January 9th. Barclays set a $33.00 price objective on Viacom and gave the stock a “hold” rating in a research report on Tuesday, January 23rd. Finally, ValuEngine cut Viacom from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd.

Viacom (NASDAQ:VIAB) traded down $0.43 during trading on Wednesday, reaching $33.50. The company had a trading volume of 3,620,800 shares, compared to its average volume of 5,699,421. The stock has a market cap of $13,790.00, a PE ratio of 7.07, a PEG ratio of 1.00 and a beta of 1.54. Viacom has a 1 year low of $22.13 and a 1 year high of $46.72. The company has a current ratio of 1.41, a quick ratio of 1.14 and a debt-to-equity ratio of 1.52.

Viacom (NASDAQ:VIAB) last posted its quarterly earnings data on Thursday, February 8th. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.09. The firm had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.14 billion. Viacom had a return on equity of 26.28% and a net margin of 15.49%. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.04 EPS. equities research analysts predict that Viacom will post 4.04 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wall Street Access Asset Management LLC acquired a new position in shares of Viacom in the 4th quarter valued at about $212,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its stake in shares of Viacom by 33.5% in the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 1,836,976 shares of the company’s stock valued at $56,597,000 after purchasing an additional 460,903 shares in the last quarter. MetLife Investment Advisors LLC acquired a new position in shares of Viacom in the 4th quarter valued at about $3,363,000. BB&T Securities LLC lifted its stake in shares of Viacom by 466.4% in the 4th quarter. BB&T Securities LLC now owns 50,169 shares of the company’s stock valued at $1,545,000 after purchasing an additional 41,311 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its stake in shares of Viacom by 30.2% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 20,670 shares of the company’s stock valued at $637,000 after purchasing an additional 4,790 shares in the last quarter. 79.92% of the stock is currently owned by institutional investors and hedge funds.

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Viacom Company Profile

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.

Analyst Recommendations for Viacom (NASDAQ:VIAB)

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