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Viacom (NASDAQ:VIAB)‘s stock had its “positive” rating restated by equities research analysts at Morgan Stanley in a research note issued to investors on Tuesday.

The analysts wrote, “Over the last three FYs, roughly 70% of Viacom’s 13% EPS growth has come through buybacks, which we expect to continue to fuel growth against a backdrop of softening ratings. This suggests VIA’s below peer P/E is appropriate. Remain EW, raising PT to $94 as we move to mid-year ’15.”

A number of other analysts have also recently weighed in on VIAB. Analysts at Barclays initiated coverage on shares of Viacom in a research note on Wednesday, July 9th. They set an “underweight” rating and a $84.00 price target on the stock. Separately, analysts at Jefferies Group initiated coverage on shares of Viacom in a research note on Wednesday, June 25th. They set a “buy” rating on the stock. Finally, analysts at BTIG Research downgraded shares of Viacom from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $92.89.

Viacom (NASDAQ:VIAB) traded up 0.07% during mid-day trading on Tuesday, hitting $85.09. The stock had a trading volume of 779,865 shares. Viacom has a 52-week low of $71.57 and a 52-week high of $89.27. The stock’s 50-day moving average is $86.38 and its 200-day moving average is $85.18. The company has a market cap of $36.573 billion and a price-to-earnings ratio of 15.94.

Viacom (NASDAQ:VIAB) last posted its quarterly 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. Analysts expect that Viacom will post $5.50 EPS for the current fiscal year.

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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