Viacom Now Covered by Jefferies Group (VIAB)
Investment analysts at Jefferies Group began coverage on shares of Viacom (NASDAQ:VIAB) in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
VIAB has been the subject of a number of other recent research reports. Analysts at BTIG Research downgraded shares of Viacom from a “buy” rating to a “neutral” rating in a research note on Wednesday. Separately, analysts at Wunderlich raised their price target on shares of Viacom from $103.00 to $119.00 in a research note on Thursday, June 19th. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Viacom in a research note on Thursday, May 22nd. They now have a $89.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Viacom currently has an average rating of “Buy” and an average price target of $91.63.
Viacom (NASDAQ:VIAB) traded down 0.07% during mid-day trading on Wednesday, hitting $85.06. 3,042,289 shares of the company’s stock traded hands. Viacom has a one year low of $65.98 and a one year high of $89.27. The stock’s 50-day moving average is $85.37 and its 200-day moving average is $84.87. The company has a market cap of $36.561 billion and a P/E ratio of 15.96.
Viacom (NASDAQ:VIAB) last announced its earnings results on Thursday, May 1st. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.03. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the previous year, the company posted $0.96 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, analysts predict that Viacom will post $5.50 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Wednesday, June 11th. This is a positive change from Viacom’s previous quarterly dividend of $0.30.
Viacom Inc (NASDAQ:VIAB) is an entertainment content company that connects with audiences in over 160 countries and territories and creates compelling television programs, motion pictures, short-form video, applications (apps), games, consumer products, social media and other entertainment content.
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