Viacom Inc. (NASDAQ:VIAB)‘s stock had its “underperform” rating reiterated by investment analysts at Sanford C. Bernstein in a report released on Tuesday.

Several other brokerages also recently issued reports on VIAB. Zacks Investment Research upgraded shares of 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, July 13th. J P Morgan Chase & Co restated an “overweight” rating and set a $48.00 price objective on shares of Viacom in a research report on Monday, June 12th. Barclays PLC set a $37.00 price objective on shares of Viacom and gave the stock an “equal weight” rating in a research report on Friday, August 4th. Wells Fargo & Company downgraded shares of Viacom from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 5th. Finally, Jefferies Group LLC restated a “buy” rating and set a $43.00 price objective (down from $52.00) on shares of Viacom in a research report on Wednesday, August 9th. Six analysts have rated the stock with a sell rating, seventeen have issued a hold rating and ten have given a buy rating to the company. Viacom has a consensus rating of “Hold” and a consensus target price of $42.04.

Shares of Viacom (NASDAQ:VIAB) traded up 1.13% during trading on Tuesday, reaching $27.67. The company had a trading volume of 5,560,552 shares. Viacom has a 12 month low of $26.65 and a 12 month high of $46.72. The firm has a 50 day moving average price of $29.74 and a 200 day moving average price of $36.52. The company has a market cap of $11.13 billion, a price-to-earnings ratio of 7.61 and a beta of 1.59.

Viacom (NASDAQ:VIAB) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.12. The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.29 billion. Viacom had a net margin of 11.04% and a return on equity of 30.89%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the business posted $1.05 earnings per share. Analysts predict that Viacom will post $3.87 earnings per share for the current year.

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A number of institutional investors have recently modified their holdings of VIAB. Fifth Third Bancorp lifted its holdings in shares of Viacom by 9.4% during the first quarter. Fifth Third Bancorp now owns 2,616 shares of the company’s stock worth $122,000 after purchasing an additional 225 shares during the period. First Personal Financial Services lifted its holdings in shares of Viacom by 998.2% during the first quarter. First Personal Financial Services now owns 3,086 shares of the company’s stock worth $144,000 after purchasing an additional 2,805 shares during the period. Johnson Financial Group Inc. acquired a new position in shares of Viacom during the second quarter worth $108,000. First Mercantile Trust Co. lifted its holdings in shares of Viacom by 1.6% during the second quarter. First Mercantile Trust Co. now owns 3,428 shares of the company’s stock worth $115,000 after purchasing an additional 54 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Viacom by 13.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,686 shares of the company’s stock worth $124,000 after purchasing an additional 423 shares during the period. Hedge funds and other institutional investors own 79.17% of the company’s stock.

Viacom Company Profile

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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