Rosenblatt Securities Reaffirms “Sell” Rating for Viacom (NASDAQ:VIA)

Rosenblatt Securities reiterated their sell rating on shares of Viacom (NASDAQ:VIA) in a research report released on Tuesday, January 16th. The firm currently has a $45.00 price objective on the stock.

Several other brokerages also recently weighed in on VIA. Citigroup downgraded Viacom from a neutral rating to a sell rating in a research note on Monday, October 9th. Loop Capital restated a hold rating and set a $27.00 target price (down previously from $28.00) on shares of Viacom in a research note on Wednesday, December 27th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $39.00.

Shares of Viacom (NASDAQ:VIA) opened at $39.30 on Tuesday. Viacom has a fifty-two week low of $28.20 and a fifty-two week high of $49.00. The company has a market capitalization of $15,768.47, a price-to-earnings ratio of 8.42 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 announced its quarterly earnings data 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%.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.04%. Viacom’s dividend payout ratio is 17.13%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc increased its stake in shares of Viacom by 3,470.8% in the 2nd quarter. Legal & General Group Plc now owns 3,428 shares of the company’s stock valued at $130,000 after buying an additional 3,332 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Viacom by 31.3% during the second quarter. Public Employees Retirement System of Ohio now owns 4,386 shares of the company’s stock worth $167,000 after purchasing an additional 1,046 shares during the period. Citigroup Inc. acquired a new stake in shares of Viacom during the second quarter worth $195,000. Berkshire Asset Management LLC PA acquired a new stake in shares of Viacom during the fourth quarter worth $202,000. Finally, California Public Employees Retirement System acquired a new stake in shares of Viacom during the third quarter worth $215,000. 2.40% of the stock is owned by institutional investors.

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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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