Viacom Given Hold Rating at UBS AG (VIAB)
Viacom (NASDAQ:VIAB)‘s stock had its “hold” rating restated by stock analysts at UBS AG in a report issued on Thursday, AnalystRatingsNetwork reports. They currently have a $79.00 price objective on the stock. UBS AG’s target price would indicate a potential downside of 0.64% from the company’s current price.
VIAB has been the subject of a number of other recent research reports. Analysts at Telsey Advisory Group cut their price target on shares of Viacom from $95.00 to $92.00 in a research note to investors on Thursday. They now have a “not rated” rating on the stock. Separately, 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.
Ten equities research 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 an average price target of $74.83.
Shares of Viacom (NASDAQ:VIAB) traded up 0.10% during mid-day trading on Thursday, hitting $79.51. The stock had a trading volume of 2,839,515 shares. Viacom has a one year low of $47.61 and a one year 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 $37.921 billion and a P/E ratio of 17.91.
Viacom (NASDAQ:VIAB) last issued its quarterly earnings data on Friday, August 2nd. The company reported $1.29 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.29. The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter last year, the company posted $0.97 earnings per share. Viacom’s revenue was up 13.9% compared to the same quarter last year. On average, analysts predict that Viacom will post $4.61 earnings per share for the current fiscal year.
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.
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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