Viacom (VIAB) Rating Lowered to Sell at ValuEngine

ValuEngine cut shares of Viacom (NASDAQ:VIAB) from a hold rating to a sell rating in a report published on Friday.

Other equities research analysts also recently issued research reports about the company. TheStreet raised Viacom from a c+ rating to a b- rating in a research report on Friday, August 31st. B. Riley raised Viacom from a neutral rating to a buy rating and increased their price target for the stock from $34.00 to $39.00 in a research report on Wednesday, September 26th. Pivotal Research raised Viacom from a hold rating to a buy rating and reduced their price target for the stock from $34.00 to $32.00 in a research report on Tuesday, July 31st. They noted that the move was a valuation call. Zacks Investment Research raised Viacom from a hold rating to a buy rating and set a $37.00 price target on the stock in a research report on Friday, October 12th. Finally, BidaskClub raised Viacom from a hold rating to a buy rating in a research report on Friday, October 19th. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating and six have given a buy rating to the company’s stock. Viacom currently has a consensus rating of Hold and a consensus price target of $34.70.

Shares of NASDAQ:VIAB opened at $31.67 on Friday. The company has a market cap of $12.76 billion, a P/E ratio of 8.40, a P/E/G ratio of 1.10 and a beta of 1.40. Viacom has a 1 year low of $22.13 and a 1 year high of $35.55. 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 (NASDAQ:VIAB) last issued its quarterly earnings results on Thursday, August 9th. The company reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.11. The business had revenue of $3.24 billion for 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 firm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.17 earnings per share. On average, analysts anticipate that Viacom will post 4.1 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Viacom by 4.5% during the second quarter. BlackRock Inc. now owns 25,401,036 shares of the company’s stock worth $766,096,000 after purchasing an additional 1,098,601 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Viacom by 3.6% in the 2nd quarter. Northern Trust Corp now owns 4,514,314 shares of the company’s stock valued at $136,151,000 after acquiring an additional 157,206 shares during the last quarter. Contrarius Investment Management Ltd lifted its stake in shares of Viacom by 41.7% in the 2nd quarter. Contrarius Investment Management Ltd now owns 4,488,513 shares of the company’s stock valued at $135,374,000 after acquiring an additional 1,321,363 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Viacom by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,090,139 shares of the company’s stock valued at $123,350,000 after acquiring an additional 150,514 shares during the last quarter. Finally, Ariel Investments LLC lifted its stake in shares of Viacom by 3.2% in the 2nd quarter. Ariel Investments LLC now owns 3,535,519 shares of the company’s stock valued at $106,631,000 after acquiring an additional 109,251 shares during the last quarter. Hedge funds and other institutional investors own 78.85% of the company’s stock.

About Viacom

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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