Viacom (NASDAQ:VIAB) was downgraded by equities researchers at Macquarie from an “outperform” rating to a “neutral” rating in a report released on Wednesday, The Fly reports.
Several other equities analysts have also commented on the company. BidaskClub raised Viacom from a “sell” rating to a “hold” rating in a research report on Friday, July 5th. BMO Capital Markets lowered their price objective on Viacom from $34.00 to $33.00 and set a “market perform” rating for the company in a research report on Thursday, May 16th. TheStreet raised Viacom from a “c+” rating to a “b-” rating in a research report on Friday, April 26th. Finally, ValuEngine raised Viacom from a “strong sell” rating to a “sell” rating in a research report on Saturday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. Viacom has an average rating of “Hold” and a consensus target price of $34.54.
Shares of Viacom stock opened at $29.21 on Wednesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.36 and a quick ratio of 1.15. The stock has a market capitalization of $11.56 billion, a price-to-earnings ratio of 7.09, a P/E/G ratio of 1.03 and a beta of 1.29. The firm’s fifty day moving average price is $30.49. Viacom has a 12 month low of $23.31 and a 12 month high of $34.44.
Viacom (NASDAQ:VIAB) last announced its quarterly earnings data on Thursday, August 8th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.06 by $0.14. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.33 billion. Viacom had a return on equity of 21.71% and a net margin of 12.68%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.18 earnings per share. As a group, equities analysts expect that Viacom will post 4.02 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Trust Co. of Vermont grew its stake in shares of Viacom by 514.7% during the 2nd quarter. Trust Co. of Vermont now owns 836 shares of the company’s stock valued at $25,000 after purchasing an additional 700 shares during the period. Cullen Frost Bankers Inc. bought a new stake in shares of Viacom during the 1st quarter valued at about $30,000. Wealthcare Advisory Partners LLC grew its stake in shares of Viacom by 1,788.6% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 1,322 shares of the company’s stock valued at $39,000 after purchasing an additional 1,252 shares during the period. CENTRAL TRUST Co grew its stake in shares of Viacom by 98.8% during the 1st quarter. CENTRAL TRUST Co now owns 1,720 shares of the company’s stock valued at $48,000 after purchasing an additional 855 shares during the period. Finally, Bremer Bank National Association bought a new stake in shares of Viacom during the 1st quarter valued at about $50,000. 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.
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