Viacom Inc. (VIAB) Given Average Recommendation of “Hold” by Analysts

Viacom Inc. (NASDAQ:VIAB) has received a consensus recommendation of “Hold” from the thirty-two research firms that are presently covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $40.11.

Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada restated an “underperform” rating and issued a $30.00 price objective (down previously from $35.00) on shares of Viacom in a research note on Wednesday, August 9th. BMO Capital Markets restated a “market perform” rating and issued a $35.00 price objective (down previously from $42.00) on shares of Viacom in a research note on Wednesday, August 9th. Jefferies Group LLC restated a “buy” rating and issued a $43.00 price objective (down previously from $52.00) on shares of Viacom in a research note on Wednesday, August 9th. Piper Jaffray Companies restated a “hold” rating and issued a $40.00 price objective on shares of Viacom in a research note on Tuesday, September 26th. Finally, Guggenheim downgraded shares of Viacom from a “buy” rating to a “neutral” rating in a research note on Thursday.

Several institutional investors have recently added to or reduced their stakes in VIAB. Ameriprise Financial Inc. raised its holdings in shares of Viacom by 37.5% in the first quarter. Ameriprise Financial Inc. now owns 178,233 shares of the company’s stock valued at $8,316,000 after buying an additional 48,608 shares during the last quarter. Blair William & Co. IL raised its holdings in shares of Viacom by 7.9% in the first quarter. Blair William & Co. IL now owns 7,347 shares of the company’s stock valued at $320,000 after buying an additional 538 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Viacom by 1.8% in the first quarter. Principal Financial Group Inc. now owns 540,746 shares of the company’s stock valued at $25,210,000 after buying an additional 9,822 shares during the last quarter. Teachers Advisors LLC raised its holdings in shares of Viacom by 38.9% in the first quarter. Teachers Advisors LLC now owns 2,801,637 shares of the company’s stock valued at $130,612,000 after buying an additional 784,230 shares during the last quarter. Finally, Ngam Advisors L.P. raised its holdings in shares of Viacom by 4.3% in the first quarter. Ngam Advisors L.P. now owns 17,433 shares of the company’s stock valued at $813,000 after buying an additional 720 shares during the last quarter. 79.18% of the stock is owned by institutional investors and hedge funds.

Shares of Viacom (VIAB) opened at 25.21 on Thursday. The firm has a market capitalization of $10.14 billion, a PE ratio of 6.94 and a beta of 1.57. The company has a 50-day moving average of $27.68 and a 200 day moving average of $34.40. Viacom has a 12-month low of $25.13 and a 12-month high of $46.72.

Viacom (NASDAQ:VIAB) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.12. The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.29 billion. Viacom had a net margin of 11.04% and a return on equity of 30.89%. Viacom’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the company posted $1.05 earnings per share. On average, analysts predict that Viacom will post $3.85 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were issued a $0.20 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.17%. Viacom’s dividend payout ratio is 21.98%.

ILLEGAL ACTIVITY WARNING: This news story was first reported by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US and international trademark & copyright law. The correct version of this news story can be accessed at https://www.com-unik.info/2017/10/12/viacom-inc-viab-given-average-recommendation-of-hold-by-analysts.html.

About Viacom

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)

What are top analysts saying about Viacom Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Viacom Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit