Guggenheim Reaffirms Hold Rating for Viacom (VIAB)
Viacom (NASDAQ:VIAB)‘s stock had its “hold” rating reiterated by investment analysts at Guggenheim in a note issued to investors on Friday. They presently have a $35.00 price objective on the stock. Guggenheim’s price objective indicates a potential upside of 7.00% from the company’s previous close.
Other analysts have also issued research reports about the company. Bank of America cut their target price on Viacom from $44.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, November 17th. Credit Suisse Group set a $38.00 target price on Viacom and gave the company a “buy” rating in a research report on Wednesday, November 1st. UBS Group cut their target price on Viacom from $41.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, November 17th. ValuEngine raised Viacom from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Barclays set a $32.00 target price on Viacom and gave the company a “hold” rating in a research report on Friday, October 20th. Eight investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have issued a buy rating to the stock. Viacom currently has a consensus rating of “Hold” and an average price target of $35.22.
Shares of Viacom (NASDAQ VIAB) opened at $32.71 on Friday. The company has a market cap of $13,520.00, a P/E ratio of 7.02, a PEG ratio of 1.08 and a beta of 1.54. The company has a current ratio of 1.55, a quick ratio of 1.30 and a debt-to-equity ratio of 1.81. Viacom has a 12-month low of $22.13 and a 12-month high of $46.72.
Institutional investors have recently bought and sold shares of the company. Hourglass Capital LLC purchased a new stake in shares of Viacom during the fourth quarter worth $220,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Viacom during the fourth quarter worth $225,000. Lourd Capital LLC purchased a new stake in shares of Viacom during the fourth quarter worth $252,000. Wealthstreet Investment Advisors LLC purchased a new stake in shares of Viacom during the fourth quarter worth $260,000. Finally, Marathon Trading Investment Management LLC purchased a new stake in shares of Viacom during the third quarter worth $237,000. 78.74% of the stock is currently owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY NOTICE: This piece was first posted by Daily Political and is the property of of Daily Political. If you are accessing this piece on another website, it was illegally stolen and republished in violation of international trademark & copyright laws. The legal version of this piece can be viewed at https://www.dailypolitical.com/2018/02/09/guggenheim-reaffirms-hold-rating-for-viacom-viab.html.
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.
Receive News & Ratings for Viacom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viacom and related companies with MarketBeat.com's FREE daily email newsletter.