Shares of Viacom, Inc. (NASDAQ:VIAB) have been assigned a consensus recommendation of “Hold” from the twenty-two brokerages that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $32.93.

Several equities research analysts have issued reports on VIAB shares. Sanford C. Bernstein cut their target price on Viacom from $27.00 to $21.00 and set an “underperform” rating for the company in a research note on Tuesday, September 3rd. TheStreet cut Viacom from a “b-” rating to a “c+” rating in a research note on Tuesday, August 27th. Deutsche Bank raised Viacom from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. Macquarie cut Viacom from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $37.00 to $31.00 in a research note on Wednesday, August 14th. Finally, ValuEngine cut Viacom from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 20th.

Shares of NASDAQ:VIAB traded down $0.07 during midday trading on Friday, hitting $25.68. The company had a trading volume of 87,616 shares, compared to its average volume of 6,067,908. Viacom has a twelve month low of $23.31 and a twelve month high of $34.44. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.36 and a quick ratio of 1.15. The stock has a market cap of $10.50 billion, a price-to-earnings ratio of 6.21, a price-to-earnings-growth ratio of 0.94 and a beta of 1.36. The business’s 50-day simple moving average is $26.99 and its 200-day simple moving average is $28.76.

Viacom (NASDAQ:VIAB) last posted its quarterly earnings results on Thursday, August 8th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.06 by $0.14. Viacom had a return on equity of 21.71% and a net margin of 12.68%. The firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter last year, the firm earned $1.18 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, sell-side analysts forecast that Viacom will post 4.03 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, September 13th. This represents a $0.80 annualized dividend and a dividend yield of 3.12%. Viacom’s dividend payout ratio is currently 19.42%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. River & Mercantile Asset Management LLP boosted its position in shares of Viacom by 40.7% during the second quarter. River & Mercantile Asset Management LLP now owns 190,510 shares of the company’s stock worth $5,693,000 after buying an additional 55,150 shares during the period. Atria Investments LLC purchased a new position in shares of Viacom during the second quarter worth $1,161,000. Treasurer of the State of North Carolina boosted its position in shares of Viacom by 0.4% during the second quarter. Treasurer of the State of North Carolina now owns 283,605 shares of the company’s stock worth $8,471,000 after buying an additional 1,160 shares during the period. Nomura Holdings Inc. boosted its position in shares of Viacom by 70.2% during the second quarter. Nomura Holdings Inc. now owns 469,244 shares of the company’s stock worth $14,287,000 after buying an additional 193,467 shares during the period. Finally, Griffin Asset Management Inc. purchased a new position in shares of Viacom during the second quarter worth $39,000. Institutional investors and hedge funds own 76.50% of the company’s stock.

About Viacom

Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.

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Analyst Recommendations for Viacom (NASDAQ:VIAB)

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