Viacom (NASDAQ:VIAB) Rating Increased to Hold at BidaskClub

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BidaskClub upgraded shares of Viacom (NASDAQ:VIAB) from a sell rating to a hold rating in a research note published on Tuesday, BidAskClub reports.

VIAB has been the subject of several other research reports. Deutsche Bank raised shares of Viacom from a hold rating to a buy rating in a research report on Wednesday, August 14th. Sanford C. Bernstein dropped their price target on shares of Viacom from $27.00 to $21.00 and set an underperform rating on the stock in a research report on Tuesday, September 3rd. ValuEngine upgraded shares of Viacom from a strong sell rating to a sell rating in a research report on Wednesday, October 2nd. Guggenheim restated a buy rating on shares of Viacom in a research report on Wednesday, September 4th. Finally, Barclays dropped their price target on shares of Viacom from $33.00 to $24.00 and set an equal weight rating on the stock in a research report on Monday, October 21st. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $31.73.

Shares of VIAB traded up $0.18 during mid-day trading on Tuesday, hitting $23.45. The company’s stock had a trading volume of 50,560 shares, compared to its average volume of 6,607,580. The company’s 50-day moving average is $22.49 and its 200-day moving average is $26.86. Viacom has a 52-week low of $20.93 and a 52-week high of $32.30. The firm has a market capitalization of $9.50 billion, a price-to-earnings ratio of 5.78, a PEG ratio of 0.81 and a beta of 1.35. The company has a current ratio of 1.38, a quick ratio of 1.18 and a debt-to-equity ratio of 1.01.

Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Thursday, November 14th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.03. Viacom had a net margin of 12.06% and a return on equity of 20.04%. The firm had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.44 billion. During the same quarter in the prior year, the company earned $0.99 EPS. The company’s revenue was down 1.5% compared to the same quarter last year. As a group, sell-side analysts predict that Viacom will post 4.22 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the company. Bessemer Group Inc. lifted its stake in shares of Viacom by 786.0% in the second quarter. Bessemer Group Inc. now owns 4,368 shares of the company’s stock worth $130,000 after buying an additional 3,875 shares in the last quarter. Nomura Holdings Inc. increased its position in Viacom by 70.2% during the second quarter. Nomura Holdings Inc. now owns 469,244 shares of the company’s stock worth $14,287,000 after purchasing an additional 193,467 shares during the last quarter. Empirical Finance LLC increased its position in Viacom by 0.9% during the second quarter. Empirical Finance LLC now owns 86,807 shares of the company’s stock worth $2,593,000 after purchasing an additional 754 shares during the last quarter. Ballentine Partners LLC acquired a new stake in shares of Viacom during the second quarter valued at about $375,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Viacom during the second quarter valued at about $368,000. 76.32% of the stock is currently owned by hedge funds and other institutional investors.

Viacom Company Profile

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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Analyst Recommendations for Viacom (NASDAQ:VIAB)

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