Viacom Inc. Hits New 52-Week High at $82.24 (VIAB)
Viacom (NASDAQ:VIAB) set a new 52-week high during mid-day trading on Wednesday, AnalystRatings.Net reports. The stock traded as high as $82.24 and last traded at $81.92, with a volume of 2,952,780 shares. The stock had previously closed at $80.75.
VIAB has been the subject of a number of recent research reports. Analysts at ISI Group initiated coverage on shares of Viacom (NASDAQ:VIAB) in a research note to investors on Tuesday. They set a “buy” rating and a $95.00 price target on the stock. Separately, analysts at B. Riley downgraded shares of Viacom (NASDAQ:VIAB) from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, September 5th. They now have a $85.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Viacom (NASDAQ:VIAB) in a research note to investors on Friday, August 23rd. They now have a $84.00 price target on the stock.
Eleven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $76.21.
Viacom has a 52-week low of $47.61 and a 52-week high of $81.68. The stock has a 50-day moving average of $77.89 and a 200-day moving average of $68.91. The company has a market cap of $39.125 billion and a price-to-earnings ratio of 18.20.
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. Analysts expect that Viacom will post $4.61 EPS for the current fiscal year.
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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