Viacom (NASDAQ:VIAB) had its target price trimmed by Telsey Advisory Group from $95.00 to $92.00 in a report issued on Thursday, American Banking News reports. They currently have a not rated rating on the stock.
Telsey Advisory Group has also updated their ratings on a number of other consumer discretionary stocks in the last week. The firm lowered its price target on shares of Walt Disney Co. from $74.00 to $70.00. They have a not rated rating on that stock. Also, Telsey Advisory Group lowered its price target on shares of Time Warner Cable Inc. from $135.00 to $130.00. They have a not rated rating on that stock. Finally, Telsey Advisory Group lowered its price target on shares of Time Warner Inc. from $74.00 to $70.00. They have a not rated rating on that stock.
Shares of Viacom (NASDAQ:VIAB) traded up 0.98% on Thursday, hitting $80.21. 1,489,941 shares of the company’s stock traded hands. Viacom has a 52-week low of $47.61 and a 52-week high of $80.93. The stock has a 50-day moving average of $75.23 and a 200-day moving average of $67.16. The company has a market cap of $38.254 billion and a P/E ratio of 17.91.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 1st. Shareholders of record on Friday, September 13th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Wednesday, September 11th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a buy rating on shares of Viacom in a research note to investors on Monday, August 5th. They now have a $93.00 price target on the stock, up previously from $86.00. Separately, analysts at UBS AG raised their price target on shares of Viacom from $67.00 to $79.00 in a research note to investors on Monday, August 5th. They now have a neutral rating on the stock. Finally, analysts at Wunderlich raised their price target on shares of Viacom from $85.00 to $90.00 in a research note to investors on Monday, August 5th. They now have a buy rating on the stock.
Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $74.83.
Viacom Inc (NASDAQ:VIAB) is an entertainment content company that connects with audiences through compelling content across television, motion picture, online and mobile platforms in over 160 countries and territories.
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