Viacom, Inc. (VIAB) Given Consensus Rating of “Hold” by Brokerages

Shares of Viacom, Inc. (NASDAQ:VIAB) have been given an average rating of “Hold” by the thirty-one brokerages that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a sell recommendation, seventeen have given a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $35.76.

Several equities research analysts have issued reports on the company. B. Riley restated a “neutral” rating on shares of Viacom in a report on Wednesday, November 1st. Atlantic Securities upgraded Viacom from an “underweight” rating to a “neutral” rating in a report on Wednesday. BMO Capital Markets lifted their price objective on Viacom from $27.00 to $34.00 and gave the stock a “market perform” rating in a report on Monday. Zacks Investment Research upgraded Viacom from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Tuesday. Finally, Pivotal Research reiterated a “hold” rating and issued a $30.00 price target (up from $27.00) on shares of Viacom in a report on Tuesday, January 9th.

A number of large investors have recently added to or reduced their stakes in VIAB. Kiltearn Partners LLP boosted its position in Viacom by 93.2% during the 4th quarter. Kiltearn Partners LLP now owns 5,037,600 shares of the company’s stock valued at $155,208,000 after purchasing an additional 2,429,600 shares during the period. Capital International Investors boosted its position in Viacom by 19.3% during the 3rd quarter. Capital International Investors now owns 8,761,721 shares of the company’s stock valued at $243,926,000 after purchasing an additional 1,418,000 shares during the period. Oldfield Partners LLP boosted its position in Viacom by 25.6% during the 4th quarter. Oldfield Partners LLP now owns 6,722,920 shares of the company’s stock valued at $207,134,000 after purchasing an additional 1,368,700 shares during the period. Thompson Siegel & Walmsley LLC boosted its position in Viacom by 159.5% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,709,563 shares of the company’s stock valued at $47,594,000 after purchasing an additional 1,050,654 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its position in Viacom by 83.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 2,200,000 shares of the company’s stock valued at $61,248,000 after purchasing an additional 1,000,000 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Shares of Viacom (NASDAQ:VIAB) opened at $33.10 on Wednesday. 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 has a twelve month low of $22.13 and a twelve month high of $46.72. The stock has a market capitalization of $13,226.21, a P/E ratio of 6.62, a price-to-earnings-growth ratio of 1.18 and a beta of 1.54.

Viacom (NASDAQ:VIAB) last posted its quarterly earnings data on Thursday, February 8th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.09. Viacom had a return on equity of 26.28% and a net margin of 15.49%. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same period in the previous year, the business earned $1.04 EPS. Viacom’s revenue for the quarter was down 7.6% compared to the same quarter last year. equities analysts anticipate that Viacom will post 3.98 earnings per share for the current fiscal year.

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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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