Viacom (VIAB) Upgraded to “Hold” by ValuEngine

ValuEngine upgraded shares of Viacom (NASDAQ:VIAB) from a sell rating to a hold rating in a report issued on Thursday morning.

A number of other equities analysts also recently weighed in on the company. B. Riley upgraded Viacom from a neutral rating to a buy rating and boosted their target price for the stock from $34.00 to $39.00 in a research note on Wednesday, September 26th. Macquarie upgraded Viacom from a neutral rating to an outperform rating and boosted their target price for the stock from $34.00 to $37.00 in a research note on Thursday, September 20th. BidaskClub upgraded Viacom from a sell rating to a hold rating in a research note on Wednesday, August 22nd. Credit Suisse Group initiated coverage on Viacom in a research note on Tuesday, July 10th. They issued a neutral rating and a $33.00 target price on the stock. Finally, Pivotal Research upgraded Viacom from a hold rating to a buy rating and cut their target price for the stock from $34.00 to $32.00 in a research note on Tuesday, July 31st. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $34.70.

VIAB stock traded down $0.54 during mid-day trading on Thursday, reaching $33.19. 305,158 shares of the company traded hands, compared to its average volume of 4,156,288. The company has a market capitalization of $13.46 billion, a P/E ratio of 8.93, a price-to-earnings-growth ratio of 1.16 and a beta of 1.49. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.41 and a current ratio of 1.69. Viacom has a fifty-two week low of $22.13 and a fifty-two week high of $35.55.

Viacom (NASDAQ:VIAB) last released its quarterly earnings results on Thursday, August 9th. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.11. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.27 billion. Viacom had a return on equity of 23.53% and a net margin of 15.65%. The company’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.17 EPS. As a group, sell-side analysts forecast that Viacom will post 4.1 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Monday, September 17th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, September 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.41%. Viacom’s dividend payout ratio (DPR) is presently 21.22%.

Large investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. increased its holdings in shares of Viacom by 3.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,966,774 shares of the company’s stock worth $59,318,000 after purchasing an additional 68,528 shares during the period. GAM Holding AG increased its holdings in shares of Viacom by 4.9% in the second quarter. GAM Holding AG now owns 146,714 shares of the company’s stock worth $4,425,000 after purchasing an additional 6,905 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Viacom by 4.1% in the second quarter. Janus Henderson Group PLC now owns 89,011 shares of the company’s stock worth $2,685,000 after purchasing an additional 3,531 shares during the period. Macquarie Group Ltd. increased its holdings in shares of Viacom by 1,808.7% in the second quarter. Macquarie Group Ltd. now owns 316,844 shares of the company’s stock worth $9,555,000 after purchasing an additional 300,244 shares during the period. Finally, Tocqueville Asset Management L.P. bought a new position in shares of Viacom in the second quarter worth $227,000. 79.00% of the stock is currently owned by institutional investors.

Viacom Company Profile

Viacom, Inc operates media brands that create entertainment content worldwide. The company creates television programs, motion pictures, short-form content, games, consumer products, podcasts, live events, and social media experiences. It operates through two segments, Media Networks and Filmed Entertainment.

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Analyst Recommendations for Viacom (NASDAQ:VIAB)

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