Viacom PT Raised to $84.00 (VIA)
Analysts at UBS AG boosted their price objective on shares of Viacom (NYSE:VIA) from $82.00 to $84.00 in a research report issued to clients and investors on Friday, AnalystRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. UBS AG’s target price indicates a potential upside of 3.59% from the stock’s previous close.
Shares of Viacom (NYSE:VIA) traded down 1.68% on Friday, hitting $82.71. 4,483 shares of the company’s stock traded hands. Viacom has a one year low of $59.80 and a one year 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 earnings per share 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.
A number of other firms have also recently commented on VIA. Analysts at BMO Capital Markets raised their price target on shares of Viacom from $82.00 to $83.00 in a research note to investors on Friday. Separately, 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. Finally, 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $83.64.
Viacom Inc (NYSE:VIA) is an entertainment content company.
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