Viacom Given Consensus Recommendation of “Buy” by Analysts (NYSE:VIA)
Shares of Viacom (NYSE:VIA) have been given an average recommendation of “Buy” by the ten analysts that are currently covering the company, Analyst Ratings Network reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $92.50.
Viacom (NYSE:VIA) remained flat at $85.44 during trading on Friday. 468 shares of the company’s stock traded hands. Viacom has a 1-year low of $67.44 and a 1-year high of $89.30. The stock has a 50-day moving average of $85.58 and a 200-day moving average of $85.01. The company has a market cap of $36.724 billion and a price-to-earnings ratio of 16.02.
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 1.54%. The ex-dividend date is Wednesday, June 11th. This is an increase from Viacom’s previous quarterly dividend of $0.30.
A number of analysts have recently weighed in on VIA shares. Analysts at Jefferies Group initiated coverage on shares of Viacom in a research note on Thursday. They set a “buy” rating on the stock. Separately, analysts at Barrington Research upgraded shares of Viacom to an “outperform” rating in a research note on Friday, May 9th. Finally, analysts at Pivotal Research reiterated a “buy” rating on shares of Viacom in a research note on Monday, April 28th. They now have a $101.00 price target on the stock, down previously from $103.00.
Viacom Inc (NYSE:VIA) 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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