Viacom Inc. (NASDAQ:VIAB)‘s stock had its “hold” rating reissued by equities research analysts at Needham & Company LLC in a report released on Tuesday.

VIAB has been the topic of several other research reports. UBS AG reduced 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 reissued a “buy” rating and issued a $52.00 target price on shares of Viacom in a research note on Thursday, August 3rd. BidaskClub raised shares of Viacom from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 13th. Morgan Stanley reissued an “overweight” rating on shares of Viacom in a research note on Thursday, July 6th. Finally, Barclays PLC reissued a “neutral” rating on shares of Viacom in a research note on Monday, August 7th. Six research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and ten have issued a buy rating to the company. Viacom has an average rating of “Hold” and a consensus target price of $42.04.

Viacom (VIAB) opened at 27.91 on Tuesday. The firm has a 50-day moving average of $30.37 and a 200 day moving average of $36.76. Viacom has a one year low of $26.65 and a one year high of $46.72. The company has a market capitalization of $11.22 billion, a P/E ratio of 7.68 and a beta of 1.59.

Viacom (NASDAQ:VIAB) last announced its 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 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 the consensus estimate of $3.29 billion. During the same quarter in the prior year, the firm posted $1.05 earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, equities analysts forecast that Viacom will post $3.87 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This news story was originally posted by Daily Political and is owned by of Daily Political. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international trademark and copyright law. The legal version of this news story can be accessed at https://www.dailypolitical.com/2017/09/14/needham-company-llc-reiterates-hold-rating-for-viacom-inc-viab.html.

Large investors have recently added to or reduced their stakes in the company. Johnson Financial Group Inc. bought a new stake in shares of Viacom in the 2nd quarter valued at about $108,000. First Personal Financial Services boosted its holdings in shares of Viacom by 5.9% in the 2nd quarter. First Personal Financial Services now owns 3,268 shares of the company’s stock valued at $110,000 after buying an additional 182 shares in the last quarter. First Mercantile Trust Co. boosted its holdings in shares of Viacom by 1.6% in the 2nd quarter. First Mercantile Trust Co. now owns 3,428 shares of the company’s stock valued at $115,000 after buying an additional 54 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Viacom by 9.4% in the 1st quarter. Fifth Third Bancorp now owns 2,616 shares of the company’s stock valued at $122,000 after buying an additional 225 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Viacom by 13.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,686 shares of the company’s stock valued at $124,000 after buying an additional 423 shares in the last quarter. Institutional investors and hedge funds own 79.17% of the company’s stock.

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)

Receive News & Ratings for Viacom Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viacom Inc. and related companies with MarketBeat.com's FREE daily email newsletter.