Viacom, Inc. (NASDAQ:VIAB) Receives Average Rating of “Hold” from Analysts

Viacom, Inc. (NASDAQ:VIAB) has been given a consensus rating of “Hold” by the twenty analysts that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $33.92.

Several research firms have weighed in on VIAB. Deutsche Bank upgraded shares of Viacom from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. BMO Capital Markets dropped their price objective on shares of Viacom from $34.00 to $33.00 and set a “market perform” rating on the stock in a research note on Thursday, May 16th. Guggenheim upgraded shares of Viacom from a “neutral” rating to a “buy” rating and upped their price objective for the company from $31.00 to $35.00 in a research note on Wednesday, August 14th. BidaskClub lowered shares of Viacom from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, TheStreet upgraded shares of Viacom from a “c+” rating to a “b-” rating in a research note on Friday, April 26th.

Viacom stock traded down $1.22 during trading hours on Monday, hitting $24.65. The company had a trading volume of 5,744,376 shares, compared to its average volume of 6,227,388. The firm has a market capitalization of $10.58 billion, a P/E ratio of 5.98, a price-to-earnings-growth ratio of 0.95 and a beta of 1.29. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.36 and a quick ratio of 1.15. The firm’s fifty day moving average is $29.70 and its 200-day moving average is $29.21. Viacom has a fifty-two week low of $23.31 and a fifty-two week high of $34.44.



Viacom (NASDAQ:VIAB) last released its quarterly earnings data on Thursday, August 8th. The company reported $1.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.14. The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.33 billion. Viacom had a net margin of 12.68% and a return on equity of 21.71%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.18 EPS. Analysts anticipate that Viacom will post 3.99 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.25%. The ex-dividend date is Friday, September 13th. Viacom’s dividend payout ratio is 19.42%.

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Viacom by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 41,525,508 shares of the company’s stock worth $1,240,367,000 after buying an additional 1,730,488 shares during the period. BlackRock Inc. boosted its holdings in shares of Viacom by 0.8% during the 1st quarter. BlackRock Inc. now owns 27,794,121 shares of the company’s stock worth $780,179,000 after buying an additional 215,824 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Viacom by 40.5% during the 1st quarter. AQR Capital Management LLC now owns 10,680,153 shares of the company’s stock worth $294,131,000 after buying an additional 3,076,039 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Viacom by 1.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 9,035,138 shares of the company’s stock worth $269,880,000 after buying an additional 90,081 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Viacom by 1.4% during the 2nd quarter. Northern Trust Corp now owns 5,738,199 shares of the company’s stock worth $171,401,000 after buying an additional 77,473 shares during the period. 77.56% of the stock is owned by institutional investors.

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.

Further Reading: What is the significance of the death cross?

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.