Viacom’s (VIA) Sell Rating Reiterated at Rosenblatt Securities

Viacom (NASDAQ:VIA)‘s stock had its “sell” rating reissued by equities researchers at Rosenblatt Securities in a report issued on Tuesday. They presently have a $45.00 price objective on the stock. Rosenblatt Securities’ target price suggests a potential upside of 15.09% from the company’s previous close.

Other research analysts also recently issued reports about the company. Citigroup downgraded Viacom from a “neutral” rating to a “sell” rating in a research note on Monday, October 9th. Loop Capital reissued a “hold” rating and issued a $27.00 price objective (down from $28.00) on shares of Viacom in a research note on Wednesday, December 27th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Viacom has a consensus rating of “Hold” and an average price target of $39.00.

Viacom (NASDAQ:VIA) opened at $39.10 on Tuesday. The company has a quick ratio of 1.30, a current ratio of 1.55 and a debt-to-equity ratio of 1.81. Viacom has a one year low of $28.20 and a one year high of $49.00. The firm has a market capitalization of $15,728.25, a P/E ratio of 8.37 and a beta of 1.43.

Viacom (NASDAQ:VIA) last issued its quarterly earnings data on Thursday, November 16th. The company reported $0.77 earnings per share for the quarter. Viacom had a return on equity of 28.95% and a net margin of 14.13%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Gamco Investors INC. ET AL increased its position in Viacom by 3.8% in the 2nd quarter. Gamco Investors INC. ET AL now owns 3,160,011 shares of the company’s stock worth $120,238,000 after buying an additional 116,850 shares during the period. FMR LLC increased its position in shares of Viacom by 133.4% during the second quarter. FMR LLC now owns 1,050,751 shares of the company’s stock valued at $39,981,000 after purchasing an additional 600,581 shares during the period. Capital Research Global Investors bought a new stake in shares of Viacom during the second quarter valued at approximately $30,817,000. State Board of Administration of Florida Retirement System increased its position in shares of Viacom by 7,099.1% during the second quarter. State Board of Administration of Florida Retirement System now owns 532,733 shares of the company’s stock valued at $22,130,000 after purchasing an additional 525,333 shares during the period. Finally, SkyBridge Capital II LLC increased its position in shares of Viacom by 10.5% during the third quarter. SkyBridge Capital II LLC now owns 367,248 shares of the company’s stock valued at $13,992,000 after purchasing an additional 35,043 shares during the period. 2.40% of the stock is currently owned by institutional investors.

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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.

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