Viacom Inc. (NASDAQ:VIAB) was downgraded by equities research analysts at Guggenheim from a “buy” rating to a “neutral” rating in a research report issued on Thursday, Marketbeat reports. They currently have a $25.00 price target on the stock. Guggenheim’s price objective would indicate a potential downside of 3.85% from the stock’s current price.

Several other equities research analysts have also issued reports on VIAB. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $29.00 price objective on shares of Viacom in a research note on Friday, June 16th. BidaskClub lowered shares of Viacom from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 5th. Morgan Stanley reaffirmed an “overweight” rating on shares of Viacom in a research note on Thursday, July 6th. Cowen and Company reaffirmed a “hold” rating and issued a $41.00 price objective on shares of Viacom in a research note on Tuesday, July 11th. Finally, Zacks Investment Research raised shares of Viacom from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Thursday, July 13th. Eight investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the stock. Viacom currently has a consensus rating of “Hold” and an average target price of $39.92.

Viacom (NASDAQ:VIAB) opened at 26.00 on Thursday. Viacom has a 52 week low of $23.45 and a 52 week high of $46.72. The firm’s 50 day moving average price is $27.44 and its 200-day moving average price is $34.12. The stock has a market cap of $10.46 billion, a price-to-earnings ratio of 7.15 and a beta of 1.57.

Viacom (NASDAQ:VIAB) last issued its earnings results on Thursday, August 3rd. The company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.12. Viacom had a net margin of 11.04% and a return on equity of 30.89%. The company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same quarter last year, the business posted $1.05 EPS. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. Analysts expect that Viacom will post $3.85 EPS for the current year.

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A number of hedge funds have recently added to or reduced their stakes in VIAB. Ameriprise Financial Inc. increased its holdings in Viacom by 37.5% in the 1st quarter. Ameriprise Financial Inc. now owns 178,233 shares of the company’s stock valued at $8,316,000 after buying an additional 48,608 shares during the period. Blair William & Co. IL increased its holdings in Viacom by 7.9% in the 1st quarter. Blair William & Co. IL now owns 7,347 shares of the company’s stock valued at $320,000 after buying an additional 538 shares during the period. Teachers Advisors LLC increased its holdings in Viacom by 38.9% in the 1st quarter. Teachers Advisors LLC now owns 2,801,637 shares of the company’s stock valued at $130,612,000 after buying an additional 784,230 shares during the period. Ngam Advisors L.P. increased its holdings in Viacom by 4.3% in the 1st quarter. Ngam Advisors L.P. now owns 17,433 shares of the company’s stock valued at $813,000 after buying an additional 720 shares during the period. Finally, Fifth Third Bancorp increased its holdings in Viacom by 9.4% in the 1st quarter. Fifth Third Bancorp now owns 2,616 shares of the company’s stock valued at $122,000 after buying an additional 225 shares during the period. 79.18% of the stock is currently owned by hedge funds and other institutional investors.

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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