Viacom Inc. (NASDAQ:VIAB) had its price target reduced by stock analysts at UBS AG from $50.00 to $45.00 in a research report issued on Friday, 99wallstreet.com reports. The firm presently has a “buy” rating on the stock. UBS AG’s target price would indicate a potential upside of 48.91% from the company’s previous close.

VIAB has been the topic of several other reports. Royal Bank Of Canada decreased their price target on Viacom from $35.00 to $30.00 and set an “underperform” rating on the stock in a research report on Monday, May 15th. Cowen and Company reiterated a “hold” rating and set a $41.00 price target on shares of Viacom in a research report on Tuesday, July 11th. BidaskClub upgraded shares of Viacom from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Morgan Stanley restated an “overweight” rating on shares of Viacom in a research report on Thursday, July 6th. Finally, Deutsche Bank AG cut shares of Viacom from a “hold” rating to a “sell” rating in a research report on Wednesday, May 10th. Five analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $43.13.

Shares of Viacom (NASDAQ:VIAB) opened at 30.22 on Friday. Viacom has a 1-year low of $30.21 and a 1-year high of $46.72. The firm has a market capitalization of $12.14 billion, a P/E ratio of 9.99 and a beta of 1.57. The stock has a 50 day moving average of $34.80 and a 200-day moving average of $39.46.

Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $1.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.12. Viacom had a return on equity of 32.45% and a net margin of 11.04%. The firm 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 business posted $1.05 earnings per share. The company’s revenue was up 8.3% on a year-over-year basis. On average, equities analysts expect that Viacom will post $3.86 earnings per share for the current year.

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A number of large investors have recently added to or reduced their stakes in VIAB. Torray LLC acquired a new stake in Viacom during the second quarter valued at approximately $7,006,000. Cadence Capital Management LLC purchased a new position in shares of Viacom during the second quarter valued at about $995,000. Boston Private Wealth LLC boosted its position in shares of Viacom by 1.8% in the second quarter. Boston Private Wealth LLC now owns 6,093 shares of the company’s stock valued at $205,000 after buying an additional 108 shares during the last quarter. Jennison Associates LLC boosted its position in shares of Viacom by 0.9% in the second quarter. Jennison Associates LLC now owns 2,645,749 shares of the company’s stock valued at $88,818,000 after buying an additional 23,885 shares during the last quarter. Finally, BB&T Securities LLC boosted its position in shares of Viacom by 99.2% in the second quarter. BB&T Securities LLC now owns 13,479 shares of the company’s stock valued at $452,000 after buying an additional 6,711 shares during the last quarter. Institutional investors own 77.33% of the company’s stock.

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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