Viacom Inc. (VIAB) Trading Down NaN
Viacom Inc. (NASDAQ:VIAB)’s share price fell NaN on Thursday . The stock traded as low as $23.38 and last traded at $0.00. 6,750,180 shares were traded during mid-day trading, an increase of Infinity from the average session volume of 0 shares.
A number of equities analysts have commented on VIAB shares. Cowen and Company reaffirmed a “hold” rating and set a $41.00 price objective on shares of Viacom in a research report on Tuesday, July 11th. Jefferies Group LLC reaffirmed a “buy” rating and set a $43.00 price objective (down from $52.00) on shares of Viacom in a research report on Wednesday, August 9th. BidaskClub cut shares of Viacom from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Wells Fargo & Company cut shares of Viacom from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 5th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Viacom in a research report on Tuesday, September 12th. Eight analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $38.96.
The company has a market capitalization of $9,410.29, a P/E ratio of 6.34 and a beta of 1.54.
Viacom (NASDAQ:VIAB) last issued its earnings results on Thursday, August 3rd. The company reported $1.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.12. The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.29 billion. Viacom had a return on equity of 30.89% and a net margin of 11.04%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.05 earnings per share. equities analysts predict that Viacom Inc. will post 3.84 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. First Mercantile Trust Co. raised its stake in Viacom by 1.6% during the second quarter. First Mercantile Trust Co. now owns 3,428 shares of the company’s stock worth $115,000 after acquiring an additional 54 shares in the last quarter. Wall Street Access Asset Management LLC raised its stake in Viacom by 1.1% during the second quarter. Wall Street Access Asset Management LLC now owns 6,315 shares of the company’s stock worth $212,000 after acquiring an additional 70 shares in the last quarter. Boston Private Wealth LLC raised its stake in Viacom by 1.8% during the second quarter. Boston Private Wealth LLC now owns 6,093 shares of the company’s stock worth $205,000 after acquiring an additional 108 shares in the last quarter. Moors & Cabot Inc. raised its stake in Viacom by 0.7% during the second quarter. Moors & Cabot Inc. now owns 20,990 shares of the company’s stock worth $703,000 after acquiring an additional 149 shares in the last quarter. Finally, Capital Guardian Trust Co. raised its stake in Viacom by 2.7% during the second quarter. Capital Guardian Trust Co. now owns 6,460 shares of the company’s stock worth $217,000 after acquiring an additional 168 shares in the last quarter. 79.11% of the stock is owned by hedge funds and other institutional investors.
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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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