Viacom Receives Average Rating of “Buy” from Analysts (NASDAQ:VIAB)
Shares of Viacom (NASDAQ:VIAB) have been given an average recommendation of “Buy” by the twenty-two ratings firms that are presently covering the stock, AnalystRatingsNetwork.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $97.00.
Several analysts have recently commented on the stock. Analysts at Maxim Group raised their price target on shares of Viacom from $94.00 to $98.00 in a research note on Thursday, August 7th. They now have a “buy” rating on the stock. Separately, analysts at Cowen and Company downgraded shares of Viacom from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 23rd. Finally, analysts at Morgan Stanley reiterated a “positive” rating on shares of Viacom in a research note on Tuesday, July 15th.
Viacom (NASDAQ:VIAB) traded up 0.49% on Thursday, hitting $80.63. 215,039 shares of the company’s stock traded hands. Viacom has a one year low of $76.78 and a one year high of $89.76. The stock’s 50-day moving average is $84.85 and its 200-day moving average is $84.99. The company has a market cap of $34.109 billion and a P/E ratio of 14.78.
Viacom (NASDAQ:VIAB) last announced its earnings results on Wednesday, August 6th. The company reported $1.42 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.44 by $0.02. The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.56 billion. During the same quarter in the previous year, the company posted $1.21 earnings per share. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. Analysts expect that Viacom will post $5.44 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Stockholders of record on Monday, September 15th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Thursday, September 11th.
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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