ViacomCBS (NASDAQ:VIAC) Stock Rating Upgraded by Barclays

Barclays upgraded shares of ViacomCBS (NASDAQ:VIAC) from an equal weight rating to an overweight rating in a research report sent to investors on Thursday, AnalystRatings.net reports. The firm currently has $36.00 price target on the stock, up from their prior price target of $22.00.

Several other equities research analysts also recently weighed in on the stock. Morgan Stanley raised their price target on shares of ViacomCBS from $25.00 to $29.00 and gave the company an equal weight rating in a research report on Friday, August 7th. Benchmark lifted their target price on shares of ViacomCBS from $24.00 to $35.00 in a research report on Friday, August 7th. Barrington Research lifted their target price on shares of ViacomCBS from $30.00 to $32.00 and gave the stock an outperform rating in a research report on Wednesday, September 2nd. Macquarie lifted their target price on shares of ViacomCBS from $18.00 to $26.00 and gave the stock a neutral rating in a research report on Friday, June 19th. Finally, Citigroup lifted their target price on shares of ViacomCBS from $20.00 to $27.00 and gave the stock a buy rating in a research report on Tuesday, June 23rd. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have given a buy rating to the company’s stock. ViacomCBS currently has a consensus rating of Hold and an average price target of $31.88.

ViacomCBS stock opened at $27.94 on Thursday. The company has a current ratio of 1.56, a quick ratio of 1.33 and a debt-to-equity ratio of 1.35. The firm has a 50-day moving average of $28.83 and a 200-day moving average of $23.22. The firm has a market cap of $17.21 billion, a P/E ratio of 13.63, a P/E/G ratio of 0.74 and a beta of 1.85. ViacomCBS has a 1-year low of $10.10 and a 1-year high of $43.04.

ViacomCBS (NASDAQ:VIAC) last posted its earnings results on Thursday, August 6th. The company reported $1.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.33. ViacomCBS had a net margin of 4.58% and a return on equity of 20.89%. The company had revenue of $6.28 billion during the quarter, compared to analyst estimates of $6.21 billion. During the same period in the prior year, the business posted $1.48 earnings per share. ViacomCBS’s revenue for the quarter was down 12.2% on a year-over-year basis. Research analysts forecast that ViacomCBS will post 4.05 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 15th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend was Monday, September 14th. ViacomCBS’s dividend payout ratio (DPR) is 19.16%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Evolution Wealth Advisors LLC lifted its stake in shares of ViacomCBS by 138.3% during the 3rd quarter. Evolution Wealth Advisors LLC now owns 896 shares of the company’s stock valued at $25,000 after buying an additional 520 shares in the last quarter. Private Capital Group LLC purchased a new stake in ViacomCBS in the 2nd quarter worth $25,000. Evoke Wealth LLC purchased a new stake in ViacomCBS in the 2nd quarter worth $27,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of ViacomCBS in the 2nd quarter worth about $27,000. Finally, Carolina Wealth Advisors LLC bought a new position in ViacomCBS during the 2nd quarter valued at about $27,000. Institutional investors own 73.06% of the company’s stock.

About ViacomCBS

ViacomCBS Inc operates as a mass media company worldwide. The company operates in four segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment distributes a schedule of news and public affairs broadcasts, and sports and entertainment programming; produces, acquires, and/or distributes programming, including series, specials, news, and public affairs; operates online content networks for information and entertainment; produces theatrical films; and digital streaming services.

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Analyst Recommendations for ViacomCBS (NASDAQ:VIAC)

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