Viacom, Inc. (VIA) Stock Rating Lowered by Citigroup Inc.

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.

Analyst Recommendations for Viacom (NASDAQ:VIA)

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