Viacom (VIAB) Cut to “Sell” at BidaskClub

BidaskClub lowered shares of Viacom (NASDAQ:VIAB) from a hold rating to a sell rating in a research note issued to investors on Monday.

VIAB has been the subject of several other reports. Barclays set a $33.00 target price on shares of Viacom and gave the company a hold rating in a research report on Tuesday, January 23rd. Zacks Investment Research upgraded shares of Viacom from a sell rating to a hold rating in a research report on Monday, November 20th. Cowen reissued a neutral rating on shares of Viacom in a research note on Friday, November 17th. Macquarie downgraded shares of Viacom from a neutral rating to an underperform rating and set a $26.00 price target on the stock. in a research note on Tuesday, January 2nd. Finally, Deutsche Bank decreased their price target on shares of Viacom to $25.00 and set a sell rating on the stock in a research note on Monday, October 23rd. Eight analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have assigned a buy rating to the company’s stock. Viacom presently has a consensus rating of Hold and an average target price of $35.22.

Shares of Viacom (NASDAQ:VIAB) opened at $32.71 on Monday. Viacom has a 1 year low of $22.13 and a 1 year high of $46.72. The stock has a market cap of $13,520.00, a P/E ratio of 7.02, a price-to-earnings-growth ratio of 1.08 and a beta of 1.54. 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 (NASDAQ:VIAB) last announced its earnings results on Thursday, February 8th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.09. Viacom had a net margin of 14.13% and a return on equity of 28.95%. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same period in the previous year, the business posted $1.04 earnings per share. Viacom’s revenue for the quarter was down 7.6% on a year-over-year basis. equities research analysts anticipate that Viacom will post 3.85 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hourglass Capital LLC purchased a new position in shares of Viacom in the fourth quarter worth $220,000. SeaCrest Wealth Management LLC purchased a new position in shares of Viacom in the fourth quarter worth $225,000. Lourd Capital LLC purchased a new position in shares of Viacom in the fourth quarter worth $252,000. Wealthstreet Investment Advisors LLC purchased a new position in shares of Viacom in the fourth quarter worth $260,000. Finally, Marathon Trading Investment Management LLC purchased a new position in shares of Viacom in the third quarter worth $237,000. 78.74% of the stock is currently owned by institutional investors.

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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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