Viacom (NASDAQ:VIAB)‘s stock had its “hold” rating restated by Pivotal Research in a report released on Tuesday, Marketbeat.com reports. They presently have a $30.00 price target on the stock, up from their prior price target of $27.00. Pivotal Research’s price target indicates a potential upside of 2.88% from the stock’s current price.

VIAB has been the subject of several other research reports. Morgan Stanley reduced their price objective on shares of Viacom from $42.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, October 13th. Zacks Investment Research lowered shares of Viacom from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 3rd. Guggenheim reaffirmed a “buy” rating and issued a $37.00 price objective (down previously from $40.00) on shares of Viacom in a research note on Friday, October 6th. Credit Suisse Group set a $38.00 price objective on shares of Viacom and gave the company a “buy” rating in a research note on Wednesday, November 1st. Finally, Citigroup lowered shares of Viacom from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $33.00 to $24.00 in a research note on Monday, October 9th. Seven research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $35.04.

Shares of Viacom (NASDAQ VIAB) opened at $29.16 on Tuesday. The company has a quick ratio of 1.30, a current ratio of 1.55 and a debt-to-equity ratio of 1.81. Viacom has a 52 week low of $22.13 and a 52 week high of $46.72. The stock has a market cap of $11,950.00, a price-to-earnings ratio of 6.26, a P/E/G ratio of 1.03 and a beta of 1.60.

Viacom (NASDAQ:VIAB) last released its quarterly earnings data on Thursday, November 16th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.09). Viacom had a net margin of 14.13% and a return on equity of 28.95%. The business had revenue of $3.32 billion during the quarter, compared to analyst estimates of $3.23 billion. During the same period in the previous year, the firm posted $1.54 EPS. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. research analysts forecast that Viacom will post 3.77 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Viacom by 28.9% during the second quarter. Vanguard Group Inc. now owns 28,964,262 shares of the company’s stock valued at $972,330,000 after buying an additional 6,496,269 shares during the last quarter. BlackRock Inc. raised its position in shares of Viacom by 6.4% during the second quarter. BlackRock Inc. now owns 22,863,371 shares of the company’s stock valued at $767,522,000 after buying an additional 1,377,520 shares during the last quarter. FMR LLC raised its position in shares of Viacom by 17.3% during the second quarter. FMR LLC now owns 10,918,953 shares of the company’s stock valued at $366,551,000 after buying an additional 1,607,844 shares during the last quarter. Capital International Investors raised its position in shares of Viacom by 19.3% during the third quarter. Capital International Investors now owns 8,761,721 shares of the company’s stock valued at $243,926,000 after buying an additional 1,418,000 shares during the last quarter. Finally, Oldfield Partners LLP raised its position in shares of Viacom by 13.2% during the third quarter. Oldfield Partners LLP now owns 5,354,220 shares of the company’s stock valued at $149,061,000 after buying an additional 625,600 shares during the last quarter. 79.20% of the stock is owned by institutional investors and hedge funds.

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About Viacom

Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.

Analyst Recommendations for Viacom (NASDAQ:VIAB)

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