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.
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.
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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