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.

About Viacom

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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