Viacom (VIA) Stock Rating Reaffirmed by Rosenblatt Securities

Viacom (NASDAQ:VIA)‘s stock had its “sell” rating reiterated by investment analysts at Rosenblatt Securities in a research report issued on Tuesday. They presently have a $45.00 price target on the stock. Rosenblatt Securities’ target price suggests a potential upside of 15.09% from the company’s current price.

Several other analysts have also issued reports on the company. Loop Capital restated a “hold” rating and issued a $27.00 price objective (down previously from $28.00) on shares of Viacom in a research note on Wednesday, December 27th. Citigroup lowered Viacom from a “neutral” rating to a “sell” rating in a research note on Monday, October 9th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Viacom presently has an average rating of “Hold” and an average target price of $39.00.

Shares of Viacom (NASDAQ:VIA) opened at $39.10 on Tuesday. Viacom has a twelve month low of $28.20 and a twelve month high of $49.00. The stock has a market capitalization of $15,728.25, a PE ratio of 8.37 and a beta of 1.43. The company has a current ratio of 1.55, a quick ratio of 1.30 and a debt-to-equity ratio of 1.81.

Viacom (NASDAQ:VIA) last released its earnings results on Thursday, November 16th. The company reported $0.77 earnings per share (EPS) for the quarter. Viacom had a return on equity of 28.95% and a net margin of 14.13%.

A number of large investors have recently modified their holdings of VIA. Capital Research Global Investors acquired a new stake in Viacom during the second quarter worth approximately $30,817,000. FMR LLC grew its position in Viacom by 133.4% during the second quarter. FMR LLC now owns 1,050,751 shares of the company’s stock worth $39,981,000 after buying an additional 600,581 shares in the last quarter. Vanguard Group Inc. grew its position in Viacom by 563.5% during the second quarter. Vanguard Group Inc. now owns 191,623 shares of the company’s stock worth $7,291,000 after buying an additional 162,744 shares in the last quarter. Lumina Fund Management LLC grew its position in Viacom by 11.9% during the second quarter. Lumina Fund Management LLC now owns 211,200 shares of the company’s stock worth $7,090,000 after buying an additional 22,500 shares in the last quarter. Finally, Cowen Inc. acquired a new stake in Viacom during the third quarter worth approximately $734,000. 2.40% 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:VIA)

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