Viacom, Inc. (VIAB) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Viacom, Inc. (NASDAQ:VIAB) have received a consensus recommendation of “Hold” from the thirty-three analysts that are presently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a sell recommendation, eighteen have issued a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $33.86.

A number of equities research analysts have recently commented on VIAB shares. Credit Suisse Group set a $38.00 price target on shares of Viacom and gave the stock a “buy” rating in a report on Wednesday, November 1st. Guggenheim reiterated a “buy” rating and set a $37.00 price target (down from $40.00) on shares of Viacom in a report on Friday, October 6th. Bank of America lowered their price target on shares of Viacom from $44.00 to $39.00 and set a “buy” rating for the company in a report on Friday, November 17th. UBS Group lowered their target price on shares of Viacom from $41.00 to $38.00 and set a “buy” rating for the company in a report on Friday, November 17th. Finally, ValuEngine upgraded shares of Viacom from a “hold” rating to a “buy” rating in a report on Friday, December 1st.

A number of hedge funds have recently made changes to their positions in VIAB. Northwestern Mutual Wealth Management Co. lifted its position in shares of Viacom by 13.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,686 shares of the company’s stock worth $124,000 after purchasing an additional 423 shares in the last quarter. Wall Street Access Asset Management LLC lifted its position in shares of Viacom by 1.1% during the second quarter. Wall Street Access Asset Management LLC now owns 6,315 shares of the company’s stock worth $212,000 after purchasing an additional 70 shares in the last quarter. Capital Guardian Trust Co. lifted its position in shares of Viacom by 2.7% during the second quarter. Capital Guardian Trust Co. now owns 6,460 shares of the company’s stock worth $217,000 after purchasing an additional 168 shares in the last quarter. Marathon Trading Investment Management LLC acquired a new position in shares of Viacom during the third quarter worth $237,000. Finally, IFM Investors Pty Ltd acquired a new position in shares of Viacom during the third quarter worth $269,000. 79.19% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Viacom (NASDAQ:VIAB) opened at $33.36 on Friday. The company has a market cap of $13,470.00, a PE ratio of 7.16, a PEG ratio of 1.18 and a beta of 1.60. Viacom has a twelve month low of $22.13 and a twelve month high of $46.72. 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 (NASDAQ:VIAB) last issued its quarterly earnings results on Thursday, November 16th. The company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.09). The firm had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $3.23 billion. Viacom had a return on equity of 28.95% and a net margin of 14.13%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.54 earnings per share. research analysts predict that Viacom will post 3.82 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.40%. Viacom’s dividend payout ratio (DPR) is 17.17%.

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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.

Analyst Recommendations for Viacom (NASDAQ:VIAB)

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