Viacom (VIAB) – Research Analysts’ Weekly Ratings Updates

Viacom (NASDAQ: VIAB) has recently received a number of price target changes and ratings updates:

  • 2/12/2018 – Viacom had its price target raised by analysts at Deutsche Bank AG from $28.00 to $33.00. They now have a “hold” rating on the stock.
  • 2/12/2018 – Viacom had its price target raised by analysts at BMO Capital Markets from $27.00 to $34.00. They now have a “market perform” rating on the stock.
  • 2/9/2018 – Viacom was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 2/9/2018 – Viacom had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $36.00 price target on the stock.
  • 2/9/2018 – Viacom was upgraded by analysts at Royal Bank of Canada from an “underperform” rating to a “sector perform” rating. They now have a $35.00 price target on the stock.
  • 2/9/2018 – Viacom had its “hold” rating reaffirmed by analysts at Guggenheim. They now have a $35.00 price target on the stock.
  • 2/5/2018 – Viacom was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 2/2/2018 – Viacom was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Viacom have performed worse than its industry over the past year. We expect Viacom's first quarter fiscal 2018 results to be hurt by declining domestic ad revenues as has been the case in the recent past. Results should be out on Feb 8.The company expects affiliate revenues in the United States to remain weak, particularly in the first half of fiscal 2018. Higher programming expenses also have the potential to hurt results, in the first quarter of fiscal 2018. The pessimism surrounding the stock is evident from the Zacks Consensus Estimate for the first quarter of fiscal 2018 being revised downward 7.5% in the last 90 days. We are, however, impressed by the company's efforts to reward shareholders. In fact, Viacom is leaving no stone unturned to turn around its fortunes.”
  • 2/2/2018 – Viacom was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 1/29/2018 – Viacom had its “hold” rating reaffirmed by analysts at Wells Fargo & Co.
  • 1/23/2018 – Viacom was given a new $33.00 price target on by analysts at Barclays PLC. They now have a “hold” rating on the stock.
  • 1/20/2018 – Viacom was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Viacom have underperformed the industry it belongs to in 2017. The company has been struggling with decreased subscribers on the domestic front. Moreover, it expects affiliate revenues in the United States to remain weak, particularly in the first half of fiscal 2018. Higher programming expenses also have the potential to hurt the operating income going forward. The negativity surrounding the stock is evident from the Zacks Consensus Estimate for the first quarter of fiscal 2018 being revised downward 3.1% in the last 30 days. Detailed results will be available on Feb 8. Rumors that the company is in merger-related talks with CBS have also  adversely affected Viacom's stock price. However, strong growth on the international front as well as foreign currency movements have been aiding the company's top line. “
  • 1/16/2018 – Viacom was downgraded by analysts at Rosenblatt Securities from a “neutral” rating to a “sell” rating.
  • 1/13/2018 – Viacom was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 1/9/2018 – Viacom had its “hold” rating reaffirmed by analysts at Pivotal Research. They now have a $30.00 price target on the stock, up previously from $27.00.
  • 1/4/2018 – Viacom had its “market perform” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $32.00 price target on the stock, up previously from $25.00.
  • 1/2/2018 – Viacom was downgraded by analysts at Barrington Research from an “outperform” rating to a “market perform” rating.
  • 1/2/2018 – Viacom was downgraded by analysts at Macquarie from a “neutral” rating to an “underperform” rating. They now have a $26.00 price target on the stock.
  • 12/27/2017 – Viacom had its “hold” rating reaffirmed by analysts at Loop Capital. They now have a $28.00 price target on the stock.
  • 12/22/2017 – Viacom was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.

Shares of Viacom, Inc. (VIAB) traded up $0.16 during trading on Monday, reaching $32.87. The company had a trading volume of 7,542,200 shares, compared to its average volume of 5,818,532. The company has a quick ratio of 1.14, a current ratio of 1.41 and a debt-to-equity ratio of 1.52. The company has a market cap of $13,640.00, a PE ratio of 6.57, a P/E/G ratio of 1.13 and a beta of 1.54. Viacom, Inc. has a fifty-two week low of $22.13 and a fifty-two week high of $46.72.

Viacom (NASDAQ:VIAB) last posted its earnings results on Thursday, February 8th. The company reported $1.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.09. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.14 billion. Viacom had a return on equity of 26.28% and a net margin of 15.49%. The company’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.04 EPS. research analysts predict that Viacom, Inc. will post 3.85 earnings per share for the current fiscal year.

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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