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

A number of other equities research analysts also recently commented on the company. BMO Capital Markets reiterated a “market perform” rating and issued a $35.00 target price (down from $42.00) on shares of Viacom in a research report on Wednesday, August 9th. Jefferies Group LLC reiterated a “buy” rating and issued a $43.00 target price (down from $52.00) on shares of Viacom in a research report on Wednesday, August 9th. Royal Bank Of Canada reiterated an “underperform” rating and issued a $30.00 target price (down from $35.00) on shares of Viacom in a research report on Wednesday, August 9th. Barclays PLC reiterated a “neutral” rating on shares of Viacom in a research report on Monday, August 7th. Finally, UBS AG decreased their target price on Viacom from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, August 4th. Six research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have issued a buy rating to the company. Viacom currently has an average rating of “Hold” and an average price target of $42.04.

Viacom (VIAB) opened at 28.59 on Thursday. The firm has a 50-day moving average price of $33.28 and a 200-day moving average price of $38.56. Viacom has a 52 week low of $28.48 and a 52 week high of $46.72. The company has a market capitalization of $11.50 billion, a price-to-earnings ratio of 7.87 and a beta of 1.57.

Viacom (NASDAQ:VIAB) last posted its earnings results on Thursday, August 3rd. The company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.12. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.29 billion. Viacom had a return on equity of 30.89% and a net margin of 11.04%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.05 earnings per share. Analysts anticipate that Viacom will post $3.87 EPS for the current fiscal year.

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Several hedge funds have recently made changes to their positions in VIAB. Vanguard Group Inc. raised its stake in shares of Viacom by 28.9% in the second quarter. Vanguard Group Inc. now owns 28,964,262 shares of the company’s stock worth $972,330,000 after buying an additional 6,496,269 shares during the last quarter. BlackRock Inc. raised its stake in shares of Viacom by 6.4% in the second quarter. BlackRock Inc. now owns 22,863,371 shares of the company’s stock worth $767,522,000 after buying an additional 1,377,520 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Viacom by 3,113.9% in the first quarter. Wellington Management Group LLP now owns 20,233,146 shares of the company’s stock worth $943,269,000 after buying an additional 19,603,597 shares during the last quarter. State Street Corp raised its stake in shares of Viacom by 1.4% in the first quarter. State Street Corp now owns 15,523,719 shares of the company’s stock worth $723,729,000 after buying an additional 207,253 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Viacom by 17.3% in the second quarter. FMR LLC now owns 10,918,953 shares of the company’s stock worth $366,551,000 after buying an additional 1,607,844 shares during the last quarter. Hedge funds and other institutional investors own 77.96% of the company’s stock.

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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