BidaskClub lowered shares of Viacom (NASDAQ:VIAB) from a buy rating to a hold rating in a report issued on Saturday morning.
A number of other equities research analysts have also recently weighed in on the company. B. Riley raised Viacom from a neutral rating to a buy rating and lifted their price target for the company from $34.00 to $39.00 in a report on Wednesday, September 26th. Macquarie raised Viacom from a neutral rating to an outperform rating and lifted their price target for the company from $34.00 to $37.00 in a report on Thursday, September 20th. ValuEngine raised Viacom from a strong sell rating to a sell rating in a report on Wednesday, August 15th. Credit Suisse Group initiated coverage on Viacom in a report on Tuesday, July 10th. They set a neutral rating and a $33.00 price target on the stock. Finally, Pivotal Research raised Viacom from a hold rating to a buy rating and cut their price target for the company from $34.00 to $32.00 in a report on Tuesday, July 31st. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and six have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $34.70.
VIAB opened at $31.65 on Friday. The company has a market cap of $12.08 billion, a PE ratio of 8.40, a price-to-earnings-growth ratio of 1.04 and a beta of 1.48. The company has a current ratio of 1.69, a quick ratio of 1.41 and a debt-to-equity ratio of 1.42. Viacom has a twelve month low of $22.13 and a twelve month high of $35.55.
Large investors have recently made changes to their positions in the stock. Mount Yale Investment Advisors LLC bought a new stake in Viacom during the first quarter worth approximately $126,000. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in Viacom by 36,808.3% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,429 shares of the company’s stock worth $134,000 after purchasing an additional 4,417 shares in the last quarter. Northstar Group Inc. bought a new stake in Viacom during the third quarter worth approximately $220,000. Raymond James Trust N.A. bought a new stake in Viacom during the third quarter worth approximately $234,000. Finally, Tocqueville Asset Management L.P. bought a new stake in Viacom during the second quarter worth approximately $227,000. 78.85% of the stock is currently owned by hedge funds and other institutional investors.
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.
Further Reading: Cash Flow
Receive News & Ratings for Viacom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viacom and related companies with MarketBeat.com's FREE daily email newsletter.