Viacom (NASDAQ:VIAB) was downgraded by investment analysts at Macquarie from a “neutral” rating to an “underperform” rating in a note issued to investors on Tuesday, The Fly reports.
Other research analysts have also issued research reports about the stock. Cowen lowered their price objective on shares of Viacom from $41.00 to $31.00 in a research note on Tuesday, September 19th. Guggenheim reiterated a “buy” rating and set a $37.00 price objective (down previously from $40.00) on shares of Viacom in a research note on Friday, October 6th. Credit Suisse Group set a $38.00 price objective on shares of Viacom and gave the company a “buy” rating in a research note on Wednesday, November 1st. Bank of America lowered their price objective on shares of Viacom from $44.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, November 17th. Finally, UBS Group lowered their price objective on shares of Viacom from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, November 17th. Seven equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $35.81.
Shares of Viacom (NASDAQ:VIAB) opened at $30.81 on Tuesday. Viacom has a 12 month low of $22.13 and a 12 month high of $46.72. The company has a market cap of $12,590.00, a P/E ratio of 6.61, a price-to-earnings-growth ratio of 1.09 and a beta of 1.60. The company has a quick ratio of 1.30, a current ratio of 1.55 and a debt-to-equity ratio of 1.81.
Large investors have recently modified their holdings of the stock. First New York Securities LLC NY boosted its stake in Viacom by 440.0% in the 3rd quarter. First New York Securities LLC NY now owns 2,700 shares of the company’s stock worth $103,000 after purchasing an additional 2,200 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co boosted its stake in Viacom by 15.8% in the 1st quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 2,202 shares of the company’s stock worth $103,000 after purchasing an additional 300 shares during the period. Johnson Financial Group Inc. acquired a new position in Viacom in the 2nd quarter worth approximately $108,000. First Personal Financial Services boosted its stake in Viacom by 5.9% in the 2nd quarter. First Personal Financial Services now owns 3,268 shares of the company’s stock worth $110,000 after purchasing an additional 182 shares during the period. Finally, First Mercantile Trust Co. boosted its stake in Viacom by 1.6% in the 2nd quarter. First Mercantile Trust Co. now owns 3,428 shares of the company’s stock worth $115,000 after purchasing an additional 54 shares during the period. Hedge funds and other institutional investors own 79.20% 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.
