Viacom (NASDAQ:VIAB) has been assigned a $33.00 price objective by analysts at Barclays in a research note issued to investors on Tuesday. The firm presently has a “hold” rating on the stock. Barclays’ target price suggests a potential downside of 1.17% from the stock’s current price.
Several other equities analysts have also issued reports on VIAB. B. Riley reaffirmed a “neutral” rating on shares of Viacom in a report on Wednesday, November 1st. Piper Jaffray Companies reaffirmed a “hold” rating and set a $40.00 price objective on shares of Viacom in a report on Tuesday, September 26th. UBS Group lowered Viacom from a “neutral” rating to a “sell” rating in a report on Tuesday, January 16th. Rosenblatt Securities lowered Viacom from a “neutral” rating to a “sell” rating in a report on Tuesday, January 16th. Finally, BidaskClub raised Viacom from a “sell” rating to a “hold” rating in a report on Saturday, January 13th. Eight equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $35.07.
Shares of Viacom (NASDAQ:VIAB) traded down $0.55 during mid-day trading on Tuesday, hitting $33.39. The company’s stock had a trading volume of 3,775,600 shares, compared to its average volume of 6,354,060. The stock has a market capitalization of $13,710.00, a price-to-earnings ratio of 7.17, a price-to-earnings-growth ratio of 1.17 and a beta of 1.60. Viacom has a 12 month low of $22.13 and a 12 month 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.
A number of large investors have recently made changes to their positions in the stock. Moors & Cabot Inc. lifted its position in Viacom by 0.7% in the second quarter. Moors & Cabot Inc. now owns 20,990 shares of the company’s stock valued at $703,000 after purchasing an additional 149 shares during the period. Capital Guardian Trust Co. lifted its position in Viacom by 2.7% in the second 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 period. Sentry Investment Management LLC lifted its position in Viacom by 1.1% in the second quarter. Sentry Investment Management LLC now owns 26,322 shares of the company’s stock valued at $884,000 after purchasing an additional 290 shares during the period. Thrivent Financial For Lutherans lifted its position in Viacom by 3.5% in the second quarter. Thrivent Financial For Lutherans now owns 13,422 shares of the company’s stock valued at $450,000 after purchasing an additional 450 shares during the period. Finally, Nordea Investment Management AB lifted its position in Viacom by 2.5% in the second quarter. Nordea Investment Management AB now owns 18,662 shares of the company’s stock valued at $626,000 after purchasing an additional 464 shares during the period. Hedge funds and other institutional investors own 79.19% of the company’s stock.
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.
