Viacom Inc. (NASDAQ:VIAB) had its price target dropped by research analysts at Deutsche Bank AG to $25.00 in a report released on Monday. The brokerage currently has a “sell” rating on the stock. Deutsche Bank AG’s price target indicates a potential downside of 4.98% from the stock’s current price.

VIAB has been the subject of several other reports. Cowen and Company reaffirmed a “hold” rating and set a $41.00 target price on shares of Viacom in a research report on Tuesday, July 11th. Zacks Investment Research lowered Viacom from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 3rd. BidaskClub raised Viacom from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Morgan Stanley reaffirmed an “overweight” rating on shares of Viacom in a research report on Thursday, July 6th. Finally, Barclays PLC reaffirmed a “neutral” rating on shares of Viacom in a research report on Monday, August 7th. Eight investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $39.00.

Viacom (VIAB) traded down 1.46% during trading on Monday, hitting $26.31. 4,176,958 shares of the company’s stock traded hands. Viacom has a 52-week low of $23.45 and a 52-week high of $46.72. The company has a market cap of $10.58 billion, a PE ratio of 7.24 and a beta of 1.57. The company’s 50 day moving average price is $27.03 and its 200 day moving average price is $33.20.

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

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A number of hedge funds have recently bought and sold shares of the business. Nationwide Fund Advisors grew its holdings in Viacom by 51.5% during the 3rd quarter. Nationwide Fund Advisors now owns 222,460 shares of the company’s stock valued at $6,193,000 after buying an additional 75,577 shares in the last quarter. Strs Ohio grew its holdings in Viacom by 32.7% during the 3rd quarter. Strs Ohio now owns 304,539 shares of the company’s stock valued at $8,478,000 after buying an additional 75,000 shares in the last quarter. Denali Advisors LLC grew its holdings in Viacom by 84.0% during the 3rd quarter. Denali Advisors LLC now owns 253,000 shares of the company’s stock valued at $7,044,000 after buying an additional 115,500 shares in the last quarter. Trellus Management Company LLC purchased a new position in Viacom during the 3rd quarter valued at about $418,000. Finally, Assenagon Asset Management S.A. purchased a new position in Viacom during the 3rd quarter valued at about $418,000. 79.17% of the stock is owned by institutional investors and hedge funds.

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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