Viacom (NASDAQ:VIAB) was downgraded by research analysts at Barrington Research from an “outperform” rating to a “market perform” rating in a note issued to investors on Tuesday.
VIAB has been the topic of several other research reports. Morgan Stanley lowered their price objective on Viacom from $42.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, October 13th. Zacks Investment Research lowered Viacom from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 3rd. Guggenheim restated a “buy” rating and issued a $37.00 price objective (down previously from $40.00) on shares of Viacom in a research report on Friday, October 6th. Credit Suisse Group set a $38.00 price objective on Viacom and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Finally, Citigroup lowered Viacom from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $33.00 to $24.00 in a research report on Monday, October 9th. Seven analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $35.81.
Viacom (NASDAQ VIAB) remained flat at $$30.81 during trading on Tuesday. The company had a trading volume of 2,299,600 shares, compared to its average volume of 5,108,689. The company has a current ratio of 1.55, a quick ratio of 1.30 and a debt-to-equity ratio of 1.81. Viacom has a one year low of $22.13 and a one year high of $46.72. The firm has a market cap of $12,393.54, a PE ratio of 6.60, a price-to-earnings-growth ratio of 1.09 and a beta of 1.60.
Hedge funds have recently made changes to their positions in the company. Johnson Financial Group Inc. acquired a new position in Viacom in the 2nd quarter valued at $108,000. Northwestern Mutual Wealth Management Co. raised its stake in Viacom by 13.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,686 shares of the company’s stock valued at $124,000 after purchasing an additional 423 shares during the last quarter. Wall Street Access Asset Management LLC raised its stake in Viacom by 1.1% in the 2nd quarter. Wall Street Access Asset Management LLC now owns 6,315 shares of the company’s stock valued at $212,000 after purchasing an additional 70 shares during the last quarter. Capital Guardian Trust Co. raised its stake in Viacom by 2.7% in the 2nd quarter. Capital Guardian Trust Co. now owns 6,460 shares of the company’s stock valued at $217,000 after purchasing an additional 168 shares during the last quarter. Finally, Beach Investment Management LLC. acquired a new position in Viacom in the 2nd quarter valued at $272,000. 79.20% of the stock is owned by institutional investors and hedge funds.
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About Viacom
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.