Viacom (VIAB) Downgraded to Hold at BidaskClub

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.



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

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.

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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