Viacom Inc. (NASDAQ:VIAB)‘s stock had its “hold” rating reissued by stock analysts at Loop Capital in a research report issued on Monday. They presently have a $32.00 price target on the stock, down from their prior price target of $36.00. Loop Capital’s price target would indicate a potential upside of 14.84% from the stock’s current price.

VIAB has been the topic of a number of other reports. Cowen and Company reissued a “hold” rating and issued a $41.00 target price on shares of Viacom in a research note on Tuesday, July 11th. BidaskClub raised shares of Viacom from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Morgan Stanley reissued an “overweight” rating on shares of Viacom in a research note on Thursday, July 6th. Zacks Investment Research lowered shares of Viacom from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, ValuEngine lowered shares of Viacom from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Six analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $41.79.

Shares of Viacom (VIAB) traded up 0.98% during midday trading on Monday, reaching $27.91. The company’s stock had a trading volume of 2,628,269 shares. The stock has a market capitalization of $11.22 billion, a PE ratio of 7.68 and a beta of 1.59. The company has a 50 day moving average price of $29.28 and a 200-day moving average price of $36.20. Viacom has a 52 week low of $26.65 and a 52 week high of $46.72.

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

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Several large investors have recently bought and sold shares of VIAB. First New York Securities LLC NY grew its stake in shares of Viacom by 440.0% in the third quarter. First New York Securities LLC NY now owns 2,700 shares of the company’s stock worth $103,000 after acquiring an additional 2,200 shares in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co grew its stake in shares of Viacom by 15.8% in the first quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 2,202 shares of the company’s stock worth $103,000 after acquiring an additional 300 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in shares of Viacom in the second quarter worth $108,000. First Personal Financial Services grew its stake in shares of Viacom by 5.9% in the second quarter. First Personal Financial Services now owns 3,268 shares of the company’s stock worth $110,000 after acquiring an additional 182 shares in the last quarter. Finally, First Mercantile Trust Co. grew its stake in shares of Viacom by 1.6% in the second quarter. First Mercantile Trust Co. now owns 3,428 shares of the company’s stock worth $115,000 after acquiring an additional 54 shares in the last quarter. Institutional investors and hedge funds own 79.18% 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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