Viacom (NASDAQ:VIAB)‘s stock had its “hold” rating reaffirmed by equities research analysts at Wells Fargo & Co in a research note issued on Monday.
VIAB has been the topic of a number of other research reports. Barclays set a $33.00 target price on shares of Viacom and gave the company a “hold” rating in a research note on Tuesday, January 23rd. Zacks Investment Research raised shares of Viacom from a “sell” rating to a “hold” rating in a research note on Monday, November 20th. BidaskClub raised shares of Viacom from a “sell” rating to a “hold” rating in a research note on Saturday, January 13th. Cowen reaffirmed a “neutral” rating on shares of Viacom in a research note on Friday, November 17th. Finally, Macquarie lowered shares of Viacom from a “neutral” rating to an “underperform” rating and set a $26.00 target price on the stock. in a research note on Tuesday, January 2nd. Eight investment 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’s stock. The stock has an average rating of “Hold” and an average target price of $35.07.
Viacom (VIAB) traded down $0.05 during mid-day trading on Monday, hitting $34.04. 1,412,841 shares of the company’s stock were exchanged, compared to its average volume of 5,578,232. Viacom has a 12-month low of $22.13 and a 12-month high of $46.72. The stock has a market capitalization of $13,990.00, a PE ratio of 7.32, a price-to-earnings-growth ratio of 1.18 and a beta of 1.60. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.55 and a quick ratio of 1.30.
A number of large investors have recently bought and sold shares of VIAB. Capital Guardian Trust Co. boosted its stake in 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 acquiring an additional 168 shares in the last quarter. Marathon Trading Investment Management LLC bought a new stake in Viacom during the third quarter worth about $237,000. Lourd Capital LLC bought a new stake in Viacom during the fourth quarter worth about $252,000. IFM Investors Pty Ltd bought a new stake in Viacom during the third quarter worth about $269,000. Finally, Exane Derivatives boosted its stake in Viacom by 293.2% during the third quarter. Exane Derivatives now owns 9,707 shares of the company’s stock worth $270,000 after acquiring an additional 7,238 shares in the last quarter. 79.26% of the stock is currently owned by institutional investors and hedge funds.
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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.
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