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.
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