Viacom Inc. (VIAB) Given Average Recommendation of “Hold” by Analysts

Shares of Viacom Inc. (NASDAQ:VIAB) have been assigned an average recommendation of “Hold” from the thirty-four research firms that are covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $35.43.

VIAB has been the subject of a number of recent analyst reports. UBS lowered their price objective on Viacom from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, August 4th. Atlantic Securities cut Viacom from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $45.00 to $30.00 in a report on Friday, August 4th. Jefferies Group reiterated a “buy” rating and issued a $52.00 target price on shares of Viacom in a report on Thursday, August 3rd. BMO Capital Markets restated a “market perform” rating and set a $35.00 price objective (down previously from $42.00) on shares of Viacom in a research note on Wednesday, August 9th. Finally, Royal Bank Of Canada restated an “underperform” rating and set a $30.00 price objective (down previously from $35.00) on shares of Viacom in a research note on Wednesday, August 9th.

Shares of Viacom (VIAB) traded down $0.10 during mid-day trading on Friday, reaching $28.32. The company had a trading volume of 8,296,100 shares, compared to its average volume of 5,133,018. The firm has a market capitalization of $11,560.00, a PE ratio of 7.17, a PEG ratio of 0.95 and a beta of 1.53. Viacom has a 52-week low of $22.13 and a 52-week high of $46.72. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.30 and a current ratio of 1.55.

Viacom (NASDAQ:VIAB) last issued its quarterly earnings data on Thursday, November 16th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.09). The firm had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.23 billion. Viacom had a return on equity of 28.95% and a net margin of 14.13%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.54 earnings per share. sell-side analysts anticipate that Viacom will post 3.78 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Thursday, December 14th. Viacom’s dividend payout ratio (DPR) is 17.17%.

Large investors have recently added to or reduced their stakes in the stock. Commonwealth Bank of Australia increased its holdings in Viacom by 5.0% in the second quarter. Commonwealth Bank of Australia now owns 121,622 shares of the company’s stock valued at $4,081,000 after buying an additional 5,839 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in Viacom in the second quarter valued at about $22,120,000. Tobam bought a new stake in Viacom in the second quarter valued at about $1,886,000. Andra AP fonden increased its holdings in Viacom by 5.7% in the second quarter. Andra AP fonden now owns 68,700 shares of the company’s stock valued at $2,306,000 after buying an additional 3,700 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in Viacom by 36.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 33,302 shares of the company’s stock valued at $1,118,000 after buying an additional 8,932 shares during the last quarter. Institutional investors and hedge funds own 79.29% of the company’s stock.

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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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