A number of other research firms also recently issued reports on VIAB. Atlantic Securities downgraded shares of Viacom from a neutral rating to an underweight rating and decreased their price objective for the stock from $45.00 to $30.00 in a report on Friday, August 4th. UBS AG cut their target price on shares of Viacom from $50.00 to $45.00 and set a buy rating for the company in a research report on Friday, August 4th. BidaskClub upgraded shares of Viacom from a sell rating to a hold rating in a research report on Tuesday, August 1st. Zacks Investment Research upgraded shares of Viacom from a hold rating to a buy rating and set a $38.00 target price for the company in a research report on Thursday, July 13th. Finally, Jefferies Group LLC reiterated a buy rating and set a $52.00 target price on shares of Viacom in a research report on Thursday, August 3rd. Eight investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $38.96.
Viacom (NASDAQ VIAB) traded down $0.13 during mid-day trading on Wednesday, reaching $23.27. The company’s stock had a trading volume of 5,865,363 shares, compared to its average volume of 6,628,315. Viacom has a 1-year low of $22.88 and a 1-year high of $46.72. The company has a quick ratio of 1.11, a current ratio of 1.35 and a debt-to-equity ratio of 2.03. The company has a market cap of $9,358.01, a P/E ratio of 6.31, a price-to-earnings-growth ratio of 0.80 and a beta of 1.54.
Viacom (NASDAQ:VIAB) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.12. Viacom had a net margin of 11.04% and a return on equity of 30.89%. The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter last year, the company posted $1.05 earnings per share. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. equities analysts predict that Viacom will post 3.84 EPS for the current fiscal year.
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Hedge funds have recently bought and sold shares of the business. Johnson Financial Group Inc. purchased a new position in shares of Viacom during the second quarter worth approximately $108,000. First Personal Financial Services raised its stake in shares of Viacom by 5.9% during the second quarter. First Personal Financial Services now owns 3,268 shares of the company’s stock worth $110,000 after acquiring an additional 182 shares in the last quarter. First Mercantile Trust Co. raised its stake in shares of Viacom by 1.6% during the second quarter. First Mercantile Trust Co. now owns 3,428 shares of the company’s stock worth $115,000 after acquiring an additional 54 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Viacom by 13.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,686 shares of the company’s stock worth $124,000 after acquiring an additional 423 shares in the last quarter. Finally, Delta Asset Management LLC TN raised its stake in shares of Viacom by 12.2% during the second quarter. Delta Asset Management LLC TN now owns 4,358 shares of the company’s stock worth $146,000 after acquiring an additional 475 shares in the last quarter. 79.11% of the stock is currently owned by hedge funds and other institutional investors.
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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