Viacom’s (VIAB) “Market Perform” Rating Reaffirmed at Telsey Advisory Group

Viacom Inc. (NASDAQ:VIAB)‘s stock had its “market perform” rating reissued by stock analysts at Telsey Advisory Group in a research report issued to clients and investors on Friday, Marketbeat.com reports. They presently have a $33.00 price objective on the stock, down from their prior price objective of $42.00. Telsey Advisory Group’s target price points to a potential upside of 26.20% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the company. Cowen and Company reduced their price target on Viacom from $41.00 to $31.00 in a research report on Tuesday, September 19th. UBS AG reduced their price target on Viacom from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, August 4th. Jefferies Group LLC reissued a “buy” rating and set a $52.00 price target on shares of Viacom in a research report on Thursday, August 3rd. Guggenheim reissued a “buy” rating and set a $37.00 price target (down previously from $40.00) on shares of Viacom in a research report on Friday, October 6th. Finally, Credit Suisse Group set a $38.00 price target on Viacom and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Six research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $36.96.

Viacom (NASDAQ VIAB) traded up $2.46 during trading on Friday, hitting $26.15. The stock had a trading volume of 14,758,800 shares, compared to its average volume of 5,076,233. Viacom has a 52 week low of $22.13 and a 52 week high of $46.72. The company has a quick ratio of 1.30, a current ratio of 1.55 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $10,516.20, a P/E ratio of 6.94, a price-to-earnings-growth ratio of 0.90 and a beta of 1.54.

Viacom (NASDAQ:VIAB) last posted its earnings results on Thursday, November 16th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.09). Viacom had a net margin of 14.13% and a return on equity of 28.95%. The firm had revenue of $3.32 billion during the quarter, compared to analyst estimates of $3.23 billion. During the same period in the previous year, the company posted $1.54 EPS. Viacom’s revenue for the quarter was up 2.9% compared to the same quarter last year. sell-side analysts predict that Viacom will post 3.84 EPS for the current year.

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Large investors have recently made changes to their positions in the stock. Johnson Financial Group Inc. bought a new position in Viacom during the 2nd quarter worth $108,000. First Personal Financial Services raised its position in shares of Viacom by 5.9% in the 2nd quarter. First Personal Financial Services now owns 3,268 shares of the company’s stock worth $110,000 after acquiring an additional 182 shares in the last quarter. First Mercantile Trust Co. raised its position in shares of Viacom by 1.6% in the 2nd quarter. First Mercantile Trust Co. now owns 3,428 shares of the company’s stock worth $115,000 after acquiring an additional 54 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Viacom by 13.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,686 shares of the company’s stock worth $124,000 after acquiring an additional 423 shares in the last quarter. Finally, Delta Asset Management LLC TN raised its position in shares of Viacom by 12.2% in the 2nd quarter. Delta Asset Management LLC TN now owns 4,358 shares of the company’s stock worth $146,000 after acquiring an additional 475 shares in the last quarter. 76.33% of the stock is owned by institutional investors and hedge funds.

About Viacom

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:VIAB)

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