Viacom Inc. (NASDAQ:VIAB) was downgraded by analysts at Atlantic Securities from a “neutral” rating to an “underweight” rating in a note issued to investors on Friday, MarketBeat Ratings reports. They currently have a $30.00 target price on the stock, down from their prior target price of $45.00. Atlantic Securities’ price target would indicate a potential downside of 2.50% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $52.00 price target on shares of Viacom in a report on Monday, April 17th. Rosenblatt Securities reaffirmed an “underweight” rating on shares of Viacom in a research report on Friday, April 14th. BidaskClub cut shares of Viacom from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 5th. Royal Bank Of Canada dropped their target price on shares of Viacom from $35.00 to $30.00 and set an “underperform” rating for the company in a research report on Friday, May 5th. Finally, Pivotal Research reaffirmed a “hold” rating and issued a $40.00 target price on shares of Viacom in a research report on Sunday, April 23rd. Five research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $43.43.

Viacom (VIAB) opened at 30.77 on Friday. The company has a 50-day moving average of $34.63 and a 200 day moving average of $39.32. Viacom has a 12-month low of $30.21 and a 12-month high of $46.72. The firm has a market cap of $12.36 billion, a price-to-earnings ratio of 10.17 and a beta of 1.57.

Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.12. The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.29 billion. Viacom had a net margin of 11.04% and a return on equity of 30.89%. The company’s revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.05 EPS. Equities analysts expect that Viacom will post $3.87 EPS for the current fiscal year.

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Several hedge funds have recently made changes to their positions in the company. FUKOKU MUTUAL LIFE INSURANCE Co raised its stake in shares of Viacom by 15.8% in the first quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 2,202 shares of the company’s stock worth $103,000 after buying an additional 300 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Viacom by 9.4% in the first quarter. Fifth Third Bancorp now owns 2,616 shares of the company’s stock worth $122,000 after buying an additional 225 shares in the last quarter. First Personal Financial Services raised its stake in shares of Viacom by 998.2% in the first quarter. First Personal Financial Services now owns 3,086 shares of the company’s stock worth $144,000 after buying an additional 2,805 shares in the last quarter. Whittier Trust Co. raised its stake in shares of Viacom by 80.6% in the first quarter. Whittier Trust Co. now owns 3,192 shares of the company’s stock worth $149,000 after buying an additional 1,425 shares in the last quarter. Finally, First Mercantile Trust Co. raised its stake in shares of Viacom by 56.9% in the first quarter. First Mercantile Trust Co. now owns 3,374 shares of the company’s stock worth $157,000 after buying an additional 1,223 shares in the last quarter. Hedge funds and other institutional investors own 77.38% of the company’s stock.

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.

Analyst Recommendations for Viacom (NASDAQ:VIAB)

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