Viacom (VIAB) Rating Increased to Hold at BidaskClub

Viacom (NASDAQ:VIAB) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday, January 13th.

A number of other equities research analysts also recently commented on the company. Pivotal Research reiterated a “hold” rating and issued a $30.00 target price (up from $27.00) on shares of Viacom in a research report on Tuesday, January 9th. Wells Fargo & Co restated a “market perform” rating and set a $32.00 price objective (up from $25.00) on shares of Viacom in a research report on Thursday, January 4th. Barrington Research downgraded Viacom from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 2nd. Macquarie cut Viacom from a “neutral” rating to an “underperform” rating and set a $26.00 target price on the stock. in a research note on Tuesday, January 2nd. Finally, Loop Capital reaffirmed a “hold” rating and set a $28.00 target price on shares of Viacom in a research note on Wednesday, December 27th. Seven analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $35.07.

Viacom (VIAB) traded down $0.99 during trading hours on Friday, reaching $32.22. The company’s stock had a trading volume of 5,226,163 shares, compared to its average volume of 5,351,353. Viacom has a twelve month low of $22.13 and a twelve month high of $46.72. The company has a market capitalization of $12,960.72, a price-to-earnings ratio of 6.90, a PEG ratio of 1.11 and a beta of 1.54. The company has a quick ratio of 1.30, a current ratio of 1.55 and a debt-to-equity ratio of 1.81.

Viacom (NASDAQ:VIAB) last announced its quarterly earnings data on Thursday, November 16th. The company reported $0.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.09). The business had revenue of $3.32 billion during the quarter, compared to analysts’ expectations of $3.23 billion. Viacom had a net margin of 14.13% and a return on equity of 28.95%. Viacom’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.54 earnings per share. equities analysts anticipate that Viacom will post 3.85 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Columbus Macro LLC acquired a new stake in shares of Viacom during the 4th quarter valued at about $525,000. Public Employees Retirement Association of Colorado grew its position in shares of Viacom by 3.5% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 65,795 shares of the company’s stock valued at $2,027,000 after acquiring an additional 2,240 shares during the period. Everence Capital Management Inc. acquired a new stake in shares of Viacom during the 4th quarter valued at about $343,000. Gamco Investors INC. ET AL grew its position in shares of Viacom by 25.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 1,204,838 shares of the company’s stock valued at $37,121,000 after acquiring an additional 240,643 shares during the period. Finally, Gabelli Funds LLC grew its position in shares of Viacom by 38.1% during the 4th quarter. Gabelli Funds LLC now owns 366,000 shares of the company’s stock valued at $11,276,000 after acquiring an additional 101,000 shares during the period. 79.26% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “Viacom (VIAB) Rating Increased to Hold at BidaskClub” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another domain, it was copied illegally and republished in violation of United States & international copyright legislation. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2018/02/04/viacom-viab-upgraded-by-bidaskclub-to-hold.html.

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)

Receive News & Ratings for Viacom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viacom and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply