Viacom (NASDAQ:VIAB) was upgraded by analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a report issued on Wednesday, The Fly reports.
Other analysts have also issued reports about the stock. TheStreet upgraded shares of Viacom from a “c+” rating to a “b-” rating in a report on Friday, April 26th. BMO Capital Markets reduced their price objective on shares of Viacom from $34.00 to $33.00 and set a “market perform” rating on the stock in a report on Thursday, May 16th. Macquarie lowered shares of Viacom from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $37.00 to $31.00 in a research note on Wednesday. Guggenheim upgraded shares of Viacom from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $31.00 to $35.00 in a research note on Wednesday. Finally, ValuEngine upgraded shares of Viacom from a “strong sell” rating to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $34.14.
VIAB traded down $2.31 on Wednesday, hitting $26.90. The company had a trading volume of 14,324,356 shares, compared to its average volume of 4,295,447. The stock has a market cap of $11.56 billion, a price-to-earnings ratio of 6.53, a P/E/G ratio of 1.03 and a beta of 1.29. Viacom has a 1 year low of $23.31 and a 1 year high of $34.44. The stock’s fifty day simple moving average is $30.49. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.15 and a current ratio of 1.36.
Viacom (NASDAQ:VIAB) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.14. The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.33 billion. Viacom had a net margin of 12.68% and a return on equity of 21.71%. Viacom’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.18 EPS. On average, equities research analysts predict that Viacom will post 4.02 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Viacom by 4.3% in the second quarter. Vanguard Group Inc. now owns 41,525,508 shares of the company’s stock valued at $1,240,367,000 after purchasing an additional 1,730,488 shares in the last quarter. BlackRock Inc. boosted its holdings in Viacom by 0.8% in the first quarter. BlackRock Inc. now owns 27,794,121 shares of the company’s stock valued at $780,179,000 after purchasing an additional 215,824 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Viacom by 40.5% in the first quarter. AQR Capital Management LLC now owns 10,680,153 shares of the company’s stock valued at $294,131,000 after purchasing an additional 3,076,039 shares in the last quarter. Northern Trust Corp boosted its holdings in Viacom by 1.4% in the second quarter. Northern Trust Corp now owns 5,738,199 shares of the company’s stock valued at $171,401,000 after purchasing an additional 77,473 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Viacom by 20.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,147,775 shares of the company’s stock valued at $132,310,000 after purchasing an additional 865,520 shares in the last quarter. 78.71% of the stock is owned by hedge funds and other institutional investors.
Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.
Featured Story: Why is a lock-up period needed for an IPO?
Receive News & Ratings for Viacom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viacom and related companies with MarketBeat.com's FREE daily email newsletter.