Viacom (VIAB) Upgraded by BidaskClub to Sell

BidaskClub upgraded shares of Viacom (NASDAQ:VIAB) from a strong sell rating to a sell rating in a report issued on Friday morning.

Several other analysts have also recently issued reports on the company. Citigroup cut Viacom from a neutral rating to a sell rating and cut their target price for the stock from $33.00 to $24.00 in a research report on Monday, October 9th. Wells Fargo & Co cut Viacom from an outperform rating to a market perform rating in a research report on Tuesday, September 5th. Morgan Stanley cut their target price on Viacom from $42.00 to $38.00 and set an overweight rating for the company in a research report on Friday, October 13th. BMO Capital Markets reiterated a hold rating and set a $30.00 target price on shares of Viacom in a research report on Wednesday, October 18th. Finally, Deutsche Bank cut their target price on Viacom to $25.00 and set a sell rating for the company in a research report on Monday, October 23rd. Six research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of $35.78.

Shares of Viacom (VIAB) opened at $32.23 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.30 and a current ratio of 1.55. Viacom has a 1 year low of $22.13 and a 1 year high of $46.72. The stock has a market capitalization of $13,160.00, a PE ratio of 6.92, a P/E/G ratio of 1.12 and a beta of 1.60.

Viacom (NASDAQ:VIAB) last released its earnings results on Thursday, November 16th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.09). Viacom had a return on equity of 28.95% and a net margin of 14.13%. The business had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $3.23 billion. During the same quarter in the prior year, the business posted $1.54 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. analysts forecast that Viacom will post 3.78 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.48%. The ex-dividend date is Thursday, December 14th. Viacom’s dividend payout ratio is presently 17.17%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Viacom by 28.9% in the 2nd quarter. Vanguard Group Inc. now owns 28,964,262 shares of the company’s stock valued at $972,330,000 after purchasing an additional 6,496,269 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Viacom by 6.4% in the 2nd quarter. BlackRock Inc. now owns 22,863,371 shares of the company’s stock valued at $767,522,000 after purchasing an additional 1,377,520 shares during the last quarter. FMR LLC lifted its stake in shares of Viacom by 17.3% in the 2nd quarter. FMR LLC now owns 10,918,953 shares of the company’s stock valued at $366,551,000 after purchasing an additional 1,607,844 shares during the last quarter. Capital International Investors lifted its stake in shares of Viacom by 19.3% in the 3rd quarter. Capital International Investors now owns 8,761,721 shares of the company’s stock valued at $243,926,000 after purchasing an additional 1,418,000 shares during the last quarter. Finally, Oldfield Partners LLP lifted its stake in shares of Viacom by 13.2% in the 3rd quarter. Oldfield Partners LLP now owns 5,354,220 shares of the company’s stock valued at $149,061,000 after purchasing an additional 625,600 shares during the last quarter. Institutional investors and hedge funds own 79.20% of the company’s stock.

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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.

Analyst Recommendations for Viacom (NASDAQ:VIAB)

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