Viacom Hits New 52-Week High at $89.76 (VIAB)
Viacom (NASDAQ:VIAB) reached a new 52-week high on Wednesday , Analyst Ratings.Net reports. The stock traded as high as $89.76 and last traded at $88.44, with a volume of 3,978,699 shares traded. The stock had previously closed at $84.60.
A number of research firms have recently commented on VIAB. Analysts at Morgan Stanley reiterated a “positive” rating on shares of Viacom in a research note on Tuesday. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $92.89.
The stock has a 50-day moving average of $86.3 and a 200-day moving average of $85.16. The company has a market cap of $37.730 billion and a P/E ratio of 15.86.
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. On average, analysts predict that Viacom will post $5.50 earnings per share 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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