Viacom (VIAB) Receives “Hold” Rating from Wells Fargo & Co

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.

Viacom (NASDAQ:VIAB) last released its quarterly earnings data on Thursday, November 16th. The company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.09). Viacom had a net margin of 14.13% and a return on equity of 28.95%. The firm had revenue of $3.32 billion during the quarter, compared to analysts’ expectations of $3.23 billion. During the same quarter in the previous year, the firm posted $1.54 EPS. Viacom’s revenue was up 2.9% compared to the same quarter last year. research analysts expect that Viacom will post 3.85 EPS for the current fiscal year.

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.

Analyst Recommendations for Viacom (NASDAQ:VIAB)

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