Viacom (NASDAQ:VIAB) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Saturday, BidAskClub reports.
A number of other research firms have also weighed in on VIAB. Barrington Research reissued a “buy” rating and issued a $35.00 price objective on shares of Viacom in a research report on Tuesday, February 5th. ValuEngine raised shares of Viacom from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th. TheStreet raised shares of Viacom from a “c+” rating to a “b-” rating in a research report on Friday, April 26th. Royal Bank of Canada raised shares of Viacom from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $31.00 to $36.00 in a research report on Thursday, April 4th. Finally, Zacks Investment Research upgraded shares of Viacom from a “sell” rating to a “hold” rating in a report on Saturday, February 9th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $34.47.
NASDAQ:VIAB opened at $29.03 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.29 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $11.60 billion, a PE ratio of 7.05, a PEG ratio of 0.95 and a beta of 1.45. Viacom has a 1-year low of $23.31 and a 1-year high of $34.44.
Viacom (NASDAQ:VIAB) last posted its quarterly earnings data on Friday, May 10th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.15. The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.06 billion. Viacom had a net margin of 12.63% and a return on equity of 22.60%. The company’s revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.92 earnings per share. Research analysts anticipate that Viacom will post 3.99 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. Valley National Advisers Inc. grew its holdings in Viacom by 66.4% in the fourth quarter. Valley National Advisers Inc. now owns 1,118 shares of the company’s stock valued at $29,000 after purchasing an additional 446 shares during the period. Hancock Whitney Corp grew its stake in Viacom by 573.0% during the fourth quarter. Hancock Whitney Corp now owns 294,936 shares of the company’s stock worth $7,579,000 after buying an additional 251,114 shares during the period. Toronto Dominion Bank grew its stake in Viacom by 175.9% during the first quarter. Toronto Dominion Bank now owns 654,055 shares of the company’s stock worth $18,357,000 after buying an additional 417,003 shares during the period. Suntrust Banks Inc. grew its stake in Viacom by 87.2% during the fourth quarter. Suntrust Banks Inc. now owns 23,529 shares of the company’s stock worth $605,000 after buying an additional 10,962 shares during the period. Finally, Norges Bank purchased a new stake in Viacom during the fourth quarter worth approximately $75,545,000. Hedge funds and other institutional investors own 80.01% of the company’s stock.
Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.
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