Viacom, Inc. (NASDAQ:VIA) was downgraded by analysts at Citigroup Inc. from a “neutral” rating to a “sell” rating in a report issued on Monday.
Separately, UBS AG reissued a “buy” rating and issued a $45.00 price objective (down from $50.00) on shares of Viacom in a report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $43.13.
Shares of Viacom (VIA) opened at 33.95 on Monday. The company has a market capitalization of $13.65 billion, a P/E ratio of 9.34 and a beta of 1.44. The company has a 50-day moving average price of $37.25 and a 200 day moving average price of $40.00. Viacom has a 12-month low of $33.65 and a 12-month high of $49.00.
Viacom (NASDAQ:VIA) last announced its earnings results on Thursday, August 3rd. The company reported $1.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.12. Viacom had a return on equity of 53.78% and a net margin of 20.45%. The company had revenue of $3.36 billion for the quarter. On average, equities analysts anticipate that Viacom will post $3.55 earnings per share for the current fiscal year.
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Institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC grew its holdings in Viacom by 33.6% during the first quarter. Geode Capital Management LLC now owns 42,025 shares of the company’s stock worth $2,048,000 after acquiring an additional 10,579 shares during the period. Wells Fargo & Company MN grew its holdings in Viacom by 47.4% during the first quarter. Wells Fargo & Company MN now owns 31,534 shares of the company’s stock worth $1,538,000 after acquiring an additional 10,147 shares during the period. Prudential Financial Inc. acquired a new stake in Viacom during the first quarter worth about $766,000. Teachers Advisors LLC grew its holdings in Viacom by 9.9% during the fourth quarter. Teachers Advisors LLC now owns 12,345 shares of the company’s stock worth $475,000 after acquiring an additional 1,115 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Viacom by 38.9% during the first quarter. Bank of New York Mellon Corp now owns 41,732 shares of the company’s stock worth $2,035,000 after acquiring an additional 11,692 shares during the period. 2.28% of the stock is currently owned by hedge funds and other institutional investors.
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.
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