Viacom Inc. Reaches New 12-Month High at $85.35 (VIAB)
Viacom (NASDAQ:VIAB) set a new 52-week high during mid-day trading on Thursday, Stock Ratings Network reports. The stock traded as high as $85.35 and last traded at $84.55, with a volume of 1,094,760 shares. The stock had previously closed at $84.37.
VIAB has been the subject of a number of recent research reports. Analysts at Guggenheim initiated coverage on shares of Viacom in a research note to investors on Thursday. They set a “neutral” rating on the stock. Separately, analysts at Hanson initiated coverage on shares of Viacom in a research note to investors on Monday, October 14th. They set a “buy” rating and a $97.00 price target on the stock. Finally, analysts at ISI Group initiated coverage on shares of Viacom in a research note to investors on Tuesday, September 10th. They set a “buy” rating and a $95.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Viacom currently has an average rating of “Hold” and a consensus target price of $77.88.
Viacom has a 1-year low of $47.61 and a 1-year high of $83.48. The stock has a 50-day moving average of $78.68 and a 200-day moving average of $69.28. The company has a market cap of $40.248 billion and a P/E ratio of 19.02.
Viacom (NASDAQ:VIAB) last released its earnings data on Friday, August 2nd. The company reported $1.29 earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted $0.97 earnings per share. The company’s revenue for the quarter was up 13.9% on a year-over-year basis.
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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