ValuEngine upgraded shares of Viacom (NASDAQ:VIAB) from a hold rating to a buy rating in a research report sent to investors on Friday.
Several other brokerages also recently issued reports on VIAB. Piper Jaffray Companies reissued a hold rating and set a $40.00 target price on shares of Viacom in a research note on Tuesday, September 26th. Barclays set a $37.00 target price on Viacom and gave the company an equal weight rating in a research note on Friday, August 4th. Wells Fargo & Company downgraded Viacom from an outperform rating to a market perform rating in a research note on Tuesday, September 5th. Jefferies Group reissued a buy rating and set a $43.00 target price (down previously from $52.00) on shares of Viacom in a research note on Wednesday, August 9th. Finally, Loop Capital cut their price target on Viacom from $32.00 to $27.00 and set a hold rating for the company in a report on Friday, November 17th. Six equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $36.62.
Shares of Viacom (NASDAQ VIAB) opened at $29.18 on Friday. The stock has a market capitalization of $11,424.10, a P/E ratio of 7.53, a P/E/G ratio of 1.00 and a beta of 1.60. Viacom has a 12 month low of $22.13 and a 12 month high of $46.72. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.30 and a current ratio of 1.55.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Thursday, December 14th. Viacom’s dividend payout ratio (DPR) is 17.13%.
Institutional investors have recently made changes to their positions in the company. Johnson Financial Group Inc. purchased a new position in shares of Viacom in the 2nd quarter worth approximately $108,000. First Personal Financial Services boosted its holdings in shares of Viacom by 5.9% in the 2nd quarter. First Personal Financial Services now owns 3,268 shares of the company’s stock worth $110,000 after purchasing an additional 182 shares during the period. First Mercantile Trust Co. boosted its holdings in shares of Viacom by 1.6% in the 2nd quarter. First Mercantile Trust Co. now owns 3,428 shares of the company’s stock worth $115,000 after purchasing an additional 54 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Viacom by 13.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,686 shares of the company’s stock worth $124,000 after purchasing an additional 423 shares during the period. Finally, Boston Private Wealth LLC boosted its holdings in shares of Viacom by 1.8% in the 2nd quarter. Boston Private Wealth LLC now owns 6,093 shares of the company’s stock worth $205,000 after purchasing an additional 108 shares during the period. Hedge funds and other institutional investors own 79.26% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Viacom (VIAB) Upgraded by ValuEngine to “Buy”” was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.com-unik.info/2017/12/05/viacom-viab-upgraded-by-valuengine-to-buy.html.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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.