BMO Capital Markets Increases Viacom Price Target to $83.00 (VIA)
Equities research analysts at BMO Capital Markets lifted their target price on shares of Viacom (NYSE:VIA) from $82.00 to $83.00 in a research note issued to investors on Friday, American Banking News.com reports. BMO Capital Markets’ price target would suggest a potential upside of 2.36% from the company’s current price.
Shares of Viacom (NYSE:VIA) traded down 1.68% during mid-day trading on Friday, hitting $82.71. The stock had a trading volume of 4,483 shares. Viacom has a 52 week low of $59.80 and a 52 week high of $88.20. The stock’s 50-day moving average is $84. and its 200-day moving average is $81.5. The company has a market cap of $36.887 billion and a P/E ratio of 17.39.
Viacom (NYSE:VIA) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.20 EPS for the quarter.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of 0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Wednesday, March 12th.
VIA has been the subject of a number of other recent research reports. Analysts at Evercore Partners raised their price target on shares of Viacom from $85.00 to $90.00 in a research note to investors on Friday. Analysts at Wunderlich raised their price target on shares of Viacom from $90.00 to $103.00 in a research note to investors on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Viacom has an average rating of “Buy” and a consensus price target of $83.64.
Viacom Inc (NYSE:VIA) is an entertainment content company.
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