Viacom Inc. (NASDAQ:VIAB) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Thursday.

Several other brokerages also recently weighed in on VIAB. Zacks Investment Research upgraded Viacom from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Thursday. Jefferies Group LLC reiterated a “buy” rating and issued a $52.00 price objective on shares of Viacom in a research report on Monday, April 17th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $48.00 price objective on shares of Viacom in a research report on Monday, June 12th. Rosenblatt Securities initiated coverage on Viacom in a research report on Wednesday, April 5th. They issued a “neutral” rating and a $45.00 price objective for the company. Finally, Sanford C. Bernstein reiterated an “underperform” rating and issued a $29.00 price objective on shares of Viacom in a research report on Friday, June 16th. Five investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $42.95.

Viacom (NASDAQ:VIAB) remained flat at $34.50 on Thursday. 4,421,425 shares of the company traded hands. Viacom has a 52-week low of $32.68 and a 52-week high of $46.72. The company has a 50-day moving average of $34.83 and a 200-day moving average of $39.65. The company has a market cap of $13.86 billion, a PE ratio of 11.40 and a beta of 1.57.

Viacom (NASDAQ:VIAB) last announced its quarterly earnings data on Thursday, May 4th. The company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.20. Viacom had a return on equity of 32.00% and a net margin of 9.32%. The firm had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. The business’s revenue was up 8.5% on a year-over-year basis. On average, analysts anticipate that Viacom will post $3.86 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Thursday, June 15th were paid a $0.20 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.32%. Viacom’s dividend payout ratio is currently 26.40%.

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Several large investors have recently added to or reduced their stakes in the company. Allstate Corp bought a new stake in Viacom during the second quarter worth approximately $4,407,000. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Viacom by 0.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 962,657 shares of the company’s stock worth $39,921,000 after buying an additional 4,564 shares in the last quarter. BP PLC bought a new stake in Viacom during the fourth quarter worth approximately $3,334,000. Royal Bank of Canada boosted its stake in Viacom by 104.1% in the first quarter. Royal Bank of Canada now owns 1,074,641 shares of the company’s stock worth $44,362,000 after buying an additional 548,080 shares in the last quarter. Finally, Jennison Associates boosted its stake in Viacom by 73.0% in the third quarter. Jennison Associates now owns 1,516,772 shares of the company’s stock worth $65,449,000 after buying an additional 640,223 shares in the last quarter. 76.93% of the stock is currently owned by hedge funds and other institutional investors.

About Viacom

Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.

Analyst Recommendations for Viacom (NASDAQ:VIAB)

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