Viacom (NASDAQ: VIAB) recently received a number of ratings updates from brokerages and research firms:

  • 8/9/2017 – Viacom had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $43.00 price target on the stock, down previously from $52.00.
  • 8/9/2017 – Viacom had its “underperform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $30.00 price target on the stock, down previously from $35.00.
  • 8/9/2017 – Viacom had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $35.00 price target on the stock, down previously from $42.00.
  • 8/7/2017 – Viacom had its “neutral” rating reaffirmed by analysts at Barclays PLC.
  • 8/4/2017 – Viacom was downgraded by analysts at Atlantic Securities from a “neutral” rating to an “underweight” rating. They now have a $30.00 price target on the stock, down previously from $45.00.
  • 8/4/2017 – Viacom was given a new $37.00 price target on by analysts at Barclays PLC. They now have an “equal weight” rating on the stock.
  • 8/4/2017 – Viacom had its price target lowered by analysts at UBS AG from $50.00 to $45.00. They now have a “buy” rating on the stock.
  • 8/3/2017 – Viacom had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $52.00 price target on the stock.
  • 8/1/2017 – Viacom was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/27/2017 – Viacom was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Viacom is leaving no stone unturned to evolve from its struggles, which have been responsible for the stock underperforming the industry it belongs to in the last one year. The company is expected to perform well in the fiscal third quarter, detailed results of which will be out on Aug 3. Apart from the turnaround plan announced earlier this year, we are also impressed by Viacom's expansion plans. To this end, Viacom had inked a deal with Telefonica S.A in Nov 2016, to acquire Television Federal S.A. (Telefe). However, Viacom's high debt levels remain concerning. Moreover, the company's merger with CBS Corp. has been called off. This is a concern for investors as a merger would have been beneficial for Viacom and provided much needed cost synergies for the company.”
  • 7/13/2017 – Viacom was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/13/2017 – Viacom was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $38.00 price target on the stock. According to Zacks, “Viacom is leaving no stone unturned to evolve from its struggles, which have been responsible for the stock underperforming the Zacks categorized Media-Conglomerates industry in the last one year. The company is expected to perform impressively in the fiscal third quarter, detailed results of which will be out on Aug 3. Notably, the Zacks Consensus Estimate for fiscal 2017 has increased by $0.02 to $3.86 per share over the last three months. Apart from the turnaround plan announced earlier this year, we are also impressed by Viacom's expansion plans. To this end, Viacom had inked a deal with Telefonica S.A in Nov 2016, to acquire Television Federal S.A. (Telefe). However, Viacom's high debt levels remain concerning.”
  • 7/11/2017 – Viacom had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $41.00 price target on the stock.
  • 7/6/2017 – Viacom had its “overweight” rating reaffirmed by analysts at Morgan Stanley.
  • 7/5/2017 – Viacom was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 6/16/2017 – Viacom had its “underperform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $29.00 price target on the stock.
  • 6/13/2017 – Viacom was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 6/12/2017 – Viacom had its “overweight” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a $48.00 price target on the stock.

Viacom Inc. (NASDAQ:VIAB) opened at 30.07 on Friday. The stock’s 50 day moving average price is $34.12 and its 200-day moving average price is $39.06. The stock has a market capitalization of $12.09 billion, a PE ratio of 8.27 and a beta of 1.57. Viacom Inc. has a 12-month low of $29.65 and a 12-month high of $46.72.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.80 annualized dividend and a yield of 2.66%. Viacom’s payout ratio is currently 21.98%.

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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