Viacom (NASDAQ:VIAB) was upgraded by equities researchers at Imperial Capital to an “outperform” rating in a research report issued to clients and investors on Friday, The Fly reports.

A number of other brokerages also recently issued reports on VIAB. Citigroup upped their price objective on Viacom from $29.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, November 21st. B. Riley reduced their price objective on Viacom from $39.00 to $30.00 in a research note on Friday, December 28th. Zacks Investment Research upgraded Viacom from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Friday, October 12th. TheStreet downgraded Viacom from a “b-” rating to a “c+” rating in a research note on Wednesday, December 26th. Finally, ValuEngine upgraded Viacom from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $33.85.

Shares of NASDAQ:VIAB opened at $29.33 on Friday. The firm has a market capitalization of $10.84 billion, a price-to-earnings ratio of 7.12, a price-to-earnings-growth ratio of 0.99 and a beta of 1.41. The company has a quick ratio of 1.28, a current ratio of 1.50 and a debt-to-equity ratio of 1.27. Viacom has a 1 year low of $23.31 and a 1 year high of $35.55.

Viacom (NASDAQ:VIAB) last announced its quarterly earnings data on Friday, November 16th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.37 billion. Viacom had a return on equity of 23.68% and a net margin of 13.28%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 EPS. On average, equities analysts forecast that Viacom will post 4.25 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of VIAB. Assenagon Asset Management S.A. raised its holdings in shares of Viacom by 1,627.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 333,683 shares of the company’s stock valued at $11,265,000 after acquiring an additional 314,365 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Viacom by 50.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 89,511 shares of the company’s stock valued at $3,026,000 after acquiring an additional 30,094 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Viacom by 8.1% in the 3rd quarter. First Trust Advisors LP now owns 819,495 shares of the company’s stock valued at $27,666,000 after acquiring an additional 61,720 shares in the last quarter. Strs Ohio raised its holdings in shares of Viacom by 2.7% in the 3rd quarter. Strs Ohio now owns 437,642 shares of the company’s stock valued at $14,774,000 after acquiring an additional 11,590 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Viacom by 4.1% in the 2nd quarter. Janus Henderson Group PLC now owns 89,011 shares of the company’s stock valued at $2,685,000 after acquiring an additional 3,531 shares in the last quarter. Institutional investors and hedge funds own 78.71% of the company’s stock.

About Viacom

Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.

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Analyst Recommendations for Viacom (NASDAQ:VIAB)

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