Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Viacom (VIAB) Stock Price
Media coverage about Viacom (NASDAQ:VIAB) has been trending somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Viacom earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.6346130090943 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
- Viacom Inc (VIAB) Seeing Increased Volatility in Session – FLBC News (flbcnews.com)
- Shares Trading Above Chikou: Viacom Inc (VIAB) – MTNV (mtnvnews.com)
- Viacom Inc (VIAB) Needle Moving -0.92% – FLBC News (flbcnews.com)
- Viacom (VIAB) vs. Cinedigm Corp (CIDM) Critical Comparison (americanbankingnews.com)
- Viacom (VIAB) to Expand Foothold in Europe with Paramount+ – Nasdaq (nasdaq.com)
A number of equities research analysts recently commented on the stock. KeyCorp reissued a “hold” rating on shares of Viacom in a research report on Friday, August 25th. BidaskClub cut shares of Viacom from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. BMO Capital Markets reissued a “market perform” rating and set a $35.00 target price (down previously from $42.00) on shares of Viacom in a research report on Wednesday, August 9th. Jefferies Group LLC reissued a “buy” rating and set a $43.00 target price (down previously from $52.00) on shares of Viacom in a research report on Wednesday, August 9th. Finally, Royal Bank Of Canada reissued an “underperform” rating and set a $30.00 target price (down previously from $35.00) on shares of Viacom in a research report on Wednesday, August 9th. Six analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. Viacom presently has an average rating of “Hold” and a consensus price target of $42.04.
Viacom (NASDAQ VIAB) traded down 0.28% during mid-day trading on Friday, reaching $28.52. 4,813,355 shares of the company traded hands. The stock’s 50 day moving average price is $31.91 and its 200 day moving average price is $37.59. The firm has a market capitalization of $11.47 billion, a price-to-earnings ratio of 7.85 and a beta of 1.57. Viacom has a 52 week low of $27.86 and a 52 week high of $46.72.
Viacom (NASDAQ:VIAB) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $1.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.12. Viacom had a net margin of 11.04% and a return on equity of 30.89%. The business had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same period in the prior year, the company posted $1.05 EPS. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. Equities analysts forecast that Viacom will post $3.87 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.81%. Viacom’s dividend payout ratio (DPR) is presently 21.98%.
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Viacom Company Profile
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.
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