Viacom, Inc. (NASDAQ:VIA)‘s stock had its “neutral” rating reaffirmed by research analysts at Rosenblatt Securities in a research report issued on Friday, April 14th. They presently have a $45.00 price target on the stock. Rosenblatt Securities’ price objective suggests a potential upside of 21.46% from the company’s current price.
Several other equities analysts have also issued reports on VIA. Drexel Hamilton upgraded shares of Viacom to a “buy” rating in a report on Thursday, February 9th. Wedbush lowered shares of Viacom from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $46.00 to $39.00 in a report on Thursday, December 15th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. Viacom presently has an average rating of “Hold” and a consensus target price of $43.33.
Viacom (NASDAQ:VIA) traded up 3.10% on Friday, reaching $38.20. The company’s stock had a trading volume of 63,494 shares. The firm’s 50 day moving average is $43.38 and its 200-day moving average is $43.20. The firm has a market cap of $15.35 billion, a P/E ratio of 12.63 and a beta of 1.21. Viacom has a 12 month low of $36.25 and a 12 month high of $50.81.
Viacom (NASDAQ:VIA) last issued its quarterly earnings data on Thursday, May 4th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.20. Viacom had a net margin of 10.94% and a return on equity of 33.25%. The company had revenue of $3.26 billion for the quarter. On average, equities research analysts anticipate that Viacom will post $3.70 EPS for the current year.
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Several large investors have recently bought and sold shares of the company. Lumina Fund Management LLC acquired a new stake in Viacom during the fourth quarter worth $6,623,000. SkyBridge Capital II LLC raised its stake in Viacom by 10.5% in the third quarter. SkyBridge Capital II LLC now owns 367,248 shares of the company’s stock worth $13,992,000 after buying an additional 35,043 shares in the last quarter. Prudential Financial Inc. purchased a new stake in shares of Viacom during the first quarter worth about $766,000. Columbia Asset Management purchased a new stake in shares of Viacom during the third quarter worth about $584,000. Finally, Gideon Capital Advisors Inc. purchased a new stake in shares of Viacom during the fourth quarter worth about $531,000. Institutional investors own 1.99% of the company’s stock.
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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