Viacom Inc. (VIAB) Downgraded to Hold at Stifel Nicolaus
Stifel Nicolaus downgraded shares of Viacom Inc. (NASDAQ:VIAB) from a buy rating to a hold rating in a research report report published on Monday morning. The brokerage currently has $38.00 price objective on the stock, down from their previous price objective of $49.00. The analysts noted that the move was a valuation call.
A number of other equities research analysts also recently issued reports on the stock. Brean Capital upgraded shares of Viacom from a hold rating to a buy rating and set a $44.00 price target for the company in a research report on Tuesday, September 13th. Jefferies Group restated a buy rating on shares of Viacom in a research report on Monday, September 12th. Telsey Advisory Group downgraded Viacom from an outperform rating to a market perform rating and cut their price objective for the stock from $51.00 to $47.00 in a research report on Friday, August 26th. FBR & Co restated an outperform rating and set a $57.00 price objective on shares of Viacom in a research report on Tuesday, August 23rd. Finally, BMO Capital Markets restated a market perform rating and set a $40.00 price objective on shares of Viacom in a research report on Tuesday, August 23rd. Four investment analysts have rated the stock with a sell rating, twenty have given a hold rating and ten have given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $45.76.
Viacom (NASDAQ:VIAB) opened at 36.77 on Monday. Viacom has a one year low of $30.11 and a one year high of $53.35. The firm has a market cap of $14.59 billion, a PE ratio of 7.08 and a beta of 1.43. The firm’s 50 day moving average price is $41.05 and its 200-day moving average price is $41.53.
Viacom (NASDAQ:VIAB) last posted its quarterly earnings results on Thursday, August 4th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.04. Viacom had a net margin of 15.85% and a return on equity of 46.74%. The company earned $3.11 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period last year, the firm earned $1.47 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. Equities analysts predict that Viacom will post $3.91 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in VIAB. Capital World Investors raised its stake in Viacom by 19.3% in the second quarter. Capital World Investors now owns 16,729,443 shares of the company’s stock valued at $693,770,000 after buying an additional 2,710,443 shares during the period. BlackRock Fund Advisors raised its stake in Viacom by 42.7% in the second quarter. BlackRock Fund Advisors now owns 5,362,157 shares of the company’s stock valued at $222,369,000 after buying an additional 1,604,976 shares during the period. AXA raised its stake in Viacom by 380.4% in the first quarter. AXA now owns 1,969,784 shares of the company’s stock valued at $81,312,000 after buying an additional 1,559,774 shares during the period. Capital Research Global Investors raised its stake in Viacom by 2.7% in the second quarter. Capital Research Global Investors now owns 42,454,768 shares of the company’s stock valued at $1,760,599,000 after buying an additional 1,118,815 shares during the period. Finally, Vanguard Group Inc. raised its stake in Viacom by 4.9% in the second quarter. Vanguard Group Inc. now owns 21,469,806 shares of the company’s stock valued at $890,352,000 after buying an additional 1,007,008 shares during the period. Hedge funds and other institutional investors own 76.13% of the company’s stock.
Viacom Inc (Viacom) is an entertainment content company that connects with audiences in over 160 countries and territories and creates compelling television programs, motion pictures, short-form video, applications, games, consumer products, social media and other entertainment content. The Company operates through two segments: Media Networks and Filmed Entertainment.
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