Viacom Inc. (NASDAQ:VIAB)‘s stock had its “buy” rating reaffirmed by analysts at Jefferies Group in a report issued on Tuesday. They currently have a $49.00 target price on the stock. Jefferies Group’s target price would indicate a potential upside of 33.26% from the company’s current price.

A number of other research firms have also commented on VIAB. Royal Bank Of Canada restated a “sell” rating on shares of Viacom in a research note on Tuesday, May 31st. Vetr lowered shares of Viacom from a “sell” rating to a “strong sell” rating and set a $39.00 price objective on the stock. in a research note on Monday, May 30th. FBR & Co restated a “buy” rating on shares of Viacom in a research note on Monday, June 20th. Brean Capital restated a “hold” rating on shares of Viacom in a research note on Friday, August 5th. Finally, Zacks Investment Research lowered shares of Viacom from a “hold” rating to a “sell” rating in a research note on Monday, June 13th. Four analysts have rated the stock with a sell rating, twenty have given a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $45.76.

Viacom (NASDAQ:VIAB) opened at 36.88 on Tuesday. The company has a 50-day moving average of $41.05 and a 200-day moving average of $41.53. The stock has a market capitalization of $14.63 billion, a price-to-earnings ratio of 7.10 and a beta of 1.43. Viacom has a 52 week low of $30.11 and a 52 week high of $53.35.

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Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Thursday, August 4th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. Viacom had a net margin of 15.85% and a return on equity of 46.74%. The firm earned $3.11 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same period in the previous year, the company earned $1.47 earnings per share. Viacom’s quarterly revenue was up 1.6% compared to the same quarter last year. Analysts anticipate that Viacom will post $3.91 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Boston Private Wealth LLC increased its position in Viacom by 0.3% in the second quarter. Boston Private Wealth LLC now owns 6,085 shares of the company’s stock worth $252,000 after buying an additional 16 shares during the last quarter. Baird Financial Group Inc. increased its position in Viacom by 0.3% in the second quarter. Baird Financial Group Inc. now owns 27,760 shares of the company’s stock worth $1,166,000 after buying an additional 86 shares during the last quarter. Conning Inc. increased its position in Viacom by 0.9% in the second quarter. Conning Inc. now owns 12,147 shares of the company’s stock worth $504,000 after buying an additional 110 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Viacom by 1.6% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 7,124 shares of the company’s stock worth $295,000 after buying an additional 114 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its position in Viacom by 1.6% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 8,752 shares of the company’s stock worth $327,000 after buying an additional 142 shares during the last quarter. Institutional investors own 76.13% of the company’s stock.

Viacom Company Profile

Viacom Inc (Viacom) 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, games, consumer products, social media and other entertainment content. The Company operates through two segments: Media Networks and Filmed Entertainment.

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