Viacom (NASDAQ:VIAB) Upgraded to “Buy” at Deutsche Bank

Viacom (NASDAQ:VIAB) was upgraded by equities researchers at Deutsche Bank from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, The Fly reports.

Several other analysts have also recently commented on the stock. BidaskClub upgraded shares of Viacom from a “sell” rating to a “hold” rating in a research note on Friday, July 5th. Guggenheim upgraded shares of Viacom from a “neutral” rating to a “buy” rating and raised their target price for the stock from $31.00 to $35.00 in a research note on Wednesday. Macquarie cut shares of Viacom from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $37.00 to $31.00 in a research note on Wednesday. ValuEngine upgraded shares of Viacom from a “strong sell” rating to a “sell” rating in a research note on Saturday. Finally, BMO Capital Markets reduced their price objective on shares of Viacom from $34.00 to $33.00 and set a “market perform” rating for the company in a research note on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. Viacom presently has a consensus rating of “Hold” and a consensus price target of $34.14.

Shares of NASDAQ VIAB traded down $2.49 during mid-day trading on Wednesday, reaching $26.72. The company had a trading volume of 1,435,740 shares, compared to its average volume of 4,295,447. The company has a current ratio of 1.36, a quick ratio of 1.15 and a debt-to-equity ratio of 1.02. The stock has a 50 day simple moving average of $30.49. The stock has a market cap of $11.56 billion, a PE ratio of 6.53, a P/E/G ratio of 1.03 and a beta of 1.29. Viacom has a 52-week low of $23.31 and a 52-week high of $34.44.



Viacom (NASDAQ:VIAB) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.14. Viacom had a net margin of 12.68% and a return on equity of 21.71%. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same period last year, the firm posted $1.18 EPS. Viacom’s revenue for the quarter was up 3.7% on a year-over-year basis. Research analysts predict that Viacom will post 4.02 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Trust Co. of Vermont raised its position in Viacom by 514.7% during the second quarter. Trust Co. of Vermont now owns 836 shares of the company’s stock worth $25,000 after acquiring an additional 700 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in Viacom during the first quarter worth about $30,000. Wealthcare Advisory Partners LLC raised its position in Viacom by 1,788.6% during the second quarter. Wealthcare Advisory Partners LLC now owns 1,322 shares of the company’s stock worth $39,000 after acquiring an additional 1,252 shares during the last quarter. CENTRAL TRUST Co raised its position in Viacom by 98.8% during the first quarter. CENTRAL TRUST Co now owns 1,720 shares of the company’s stock worth $48,000 after acquiring an additional 855 shares during the last quarter. Finally, Bremer Bank National Association acquired a new position in Viacom during the first quarter worth about $50,000. Institutional investors own 78.71% of the company’s stock.

Viacom Company Profile

Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.

Read More: Equity Income

The Fly

Analyst Recommendations for Viacom (NASDAQ:VIAB)

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.