Somewhat Positive News Coverage Somewhat Unlikely to Affect Viacom (VIAB) Stock Price
Press coverage about Viacom (NASDAQ:VIAB) has trended somewhat positive on Saturday, Accern reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Viacom earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.6534705377369 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Comparing Viacom (VIAB) and Its Peers (americanbankingnews.com)
- Viacom Inc. (VIAB) PT Lowered to $31.00 (americanbankingnews.com)
- Viacom Acquires Italian Free-to-Air Channel for Spike TV (zacks.com)
- Agree To Purchase Viacom At $17.50, Earn 4.3% Using Options – Nasdaq (nasdaq.com)
- Featured Company News – Viacom Collaborates With Cisco to Enhance its Video Distribution Network in North America (finance.yahoo.com)
VIAB has been the topic of a number of recent analyst reports. J P Morgan Chase & Co restated an “overweight” rating and set a $48.00 target price on shares of Viacom in a research note on Monday, June 12th. BidaskClub upgraded shares of Viacom from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. ValuEngine cut shares of Viacom from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Royal Bank Of Canada restated a “sell” rating and set a $30.00 target price on shares of Viacom in a research note on Tuesday, June 6th. Finally, Atlantic Securities cut shares of Viacom from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $45.00 to $30.00 in a research note on Friday, August 4th. Six equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $42.08.
Shares of Viacom (NASDAQ VIAB) opened at 27.64 on Friday. The stock has a market capitalization of $11.12 billion, a price-to-earnings ratio of 7.61 and a beta of 1.59. Viacom has a 52 week low of $26.65 and a 52 week high of $46.72. The stock’s 50 day moving average is $29.28 and its 200-day moving average is $36.20.
Viacom (NASDAQ:VIAB) last announced its earnings results on Thursday, August 3rd. The company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.12. Viacom had a return on equity of 30.89% and a net margin of 11.04%. The company had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same period last year, the business posted $1.05 EPS. Viacom’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, analysts anticipate that Viacom will post $3.87 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Thursday, September 14th. Viacom’s dividend payout ratio (DPR) is 21.98%.
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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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