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.
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.
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