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.

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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.

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:VIA)

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