Viacom Inc. (NASDAQ:VIAB)‘s stock had its “underperform” rating reaffirmed by equities researchers at Royal Bank Of Canada in a research note issued to investors on Wednesday. They presently have a $30.00 target price on the stock, down from their previous target price of $35.00. Royal Bank Of Canada’s target price would indicate a potential downside of 2.50% from the stock’s current price.

VIAB has been the topic of a number of other reports. UBS AG lowered their target price on shares of Viacom from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, August 4th. Jefferies Group LLC reiterated a “buy” rating and issued a $52.00 target price on shares of Viacom in a research note on Thursday, August 3rd. Morgan Stanley reiterated an “overweight” rating on shares of Viacom in a research note on Thursday, July 6th. Deutsche Bank AG lowered shares of Viacom from a “hold” rating to a “sell” rating in a research note on Wednesday, May 10th. Finally, Barclays PLC reiterated a “neutral” rating on shares of Viacom in a research note on Monday. Five investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Viacom presently has a consensus rating of “Hold” and an average price target of $42.73.

Shares of Viacom (VIAB) traded down 2.681% on Wednesday, hitting $29.945. The company had a trading volume of 2,955,159 shares. The stock has a market cap of $12.03 billion, a PE ratio of 9.899 and a beta of 1.57. Viacom has a 12 month low of $29.65 and a 12 month high of $46.72. The company has a 50-day moving average of $34.63 and a 200 day moving average of $39.32.

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

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A number of institutional investors have recently made changes to their positions in VIAB. Columbus Circle Investors purchased a new position in shares of Viacom during the first quarter valued at about $11,720,000. Ledyard National Bank increased its position in shares of Viacom by 579.4% in the first quarter. Ledyard National Bank now owns 3,424 shares of the company’s stock valued at $160,000 after buying an additional 2,920 shares in the last quarter. Granite Investment Advisors LLC purchased a new position in shares of Viacom during the first quarter valued at about $5,311,000. DnB Asset Management AS increased its position in shares of Viacom by 20.1% in the first quarter. DnB Asset Management AS now owns 37,014 shares of the company’s stock valued at $1,726,000 after buying an additional 6,200 shares in the last quarter. Finally, Berkshire Asset Management LLC PA increased its position in shares of Viacom by 0.3% in the first quarter. Berkshire Asset Management LLC PA now owns 132,265 shares of the company’s stock valued at $6,166,000 after buying an additional 434 shares in the last quarter. 77.38% of the stock is owned by hedge funds and other institutional investors.

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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