Viacom Inc. (VIA) Earns Buy Rating from UBS AG
Viacom Inc. (NASDAQ:VIA)‘s stock had its “buy” rating reiterated by equities researchers at UBS AG in a research report issued to clients and investors on Wednesday, www.flashratings.com reports. They currently have a $45.00 price objective on the stock, down from their prior price objective of $50.00. UBS AG’s price objective suggests a potential upside of 21.13% from the stock’s current price.
A number of other equities research analysts have also issued reports on the stock. Barrington Research reissued an “outperform” rating on shares of Viacom in a report on Friday, May 19th. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price target on shares of Viacom in a report on Friday, April 14th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $43.50.
Viacom (NASDAQ:VIA) traded down 1.33% during trading on Wednesday, reaching $37.15. 126,305 shares of the company traded hands. The firm has a market capitalization of $14.92 billion, a price-to-earnings ratio of 12.28 and a beta of 1.46. Viacom has a 12-month low of $36.25 and a 12-month high of $49.23. The firm’s 50 day moving average price is $39.65 and its 200 day moving average price is $42.54.
Viacom (NASDAQ:VIA) 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. Viacom had a net margin of 11.04% and a return on equity of 30.89%. Equities research analysts expect that Viacom will post $3.55 earnings per share for the current year.
Large investors have recently bought and sold shares of the company. UBS Group AG boosted its stake in Viacom by 0.5% in the first quarter. UBS Group AG now owns 40,763 shares of the company’s stock valued at $1,988,000 after buying an additional 193 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Viacom by 4.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 9,804 shares of the company’s stock valued at $478,000 after buying an additional 448 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Viacom by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 64,855 shares of the company’s stock valued at $3,161,000 after buying an additional 962 shares in the last quarter. Teachers Advisors LLC boosted its stake in Viacom by 9.9% in the fourth quarter. Teachers Advisors LLC now owns 12,345 shares of the company’s stock valued at $475,000 after buying an additional 1,115 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. boosted its position in shares of Viacom by 12.0% in the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 11,200 shares of the company’s stock worth $426,000 after buying an additional 1,200 shares during the period. 1.87% of the stock is owned by hedge funds and other institutional investors.
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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