Other research analysts also recently issued reports about the company. Royal Bank of Canada raised Viacom from a sector perform rating to an outperform rating and boosted their target price for the stock from $31.00 to $36.00 in a report on Thursday, April 4th. Zacks Investment Research raised Viacom from a sell rating to a hold rating in a report on Saturday, February 9th. Barrington Research reaffirmed a buy rating and set a $35.00 price objective on shares of Viacom in a report on Tuesday, February 5th. BidaskClub downgraded Viacom from a hold rating to a sell rating in a report on Thursday, January 24th. Finally, Pivotal Research raised Viacom from a hold rating to a buy rating and upped their price objective for the stock from $33.00 to $36.00 in a report on Tuesday, January 15th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $34.47.
Shares of VIAB traded up $0.21 on Wednesday, hitting $28.68. The company’s stock had a trading volume of 1,640,722 shares, compared to its average volume of 4,563,947. The company has a market capitalization of $11.45 billion, a P/E ratio of 6.96, a PEG ratio of 0.84 and a beta of 1.45. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.29 and a quick ratio of 1.07. Viacom has a fifty-two week low of $23.31 and a fifty-two week high of $34.44.
Viacom (NASDAQ:VIAB) last announced its earnings results on Friday, May 10th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.80 by $0.15. The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.06 billion. Viacom had a return on equity of 22.60% and a net margin of 12.63%. Viacom’s revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.92 EPS. On average, sell-side analysts anticipate that Viacom will post 4.12 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the business. Pearl River Capital LLC bought a new stake in shares of Viacom during the 4th quarter valued at $26,000. Cullen Frost Bankers Inc. bought a new stake in shares of Viacom during the 1st quarter valued at $30,000. Valley National Advisers Inc. raised its position in shares of Viacom by 66.4% during the 4th quarter. Valley National Advisers Inc. now owns 1,118 shares of the company’s stock valued at $29,000 after acquiring an additional 446 shares during the last quarter. Bruderman Asset Management LLC raised its position in shares of Viacom by 935.5% during the 4th quarter. Bruderman Asset Management LLC now owns 1,139 shares of the company’s stock valued at $29,000 after acquiring an additional 1,029 shares during the last quarter. Finally, CWM LLC raised its position in shares of Viacom by 507.6% during the 4th quarter. CWM LLC now owns 1,197 shares of the company’s stock valued at $31,000 after acquiring an additional 1,000 shares during the last quarter. 81.38% of the stock is currently owned by hedge funds and other institutional investors.
Viacom Company Profile
Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.
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