Viacom (VIAB) Upgraded to “Buy” at ValuEngine
ValuEngine upgraded shares of Viacom (NASDAQ:VIAB) from a hold rating to a buy rating in a research report sent to investors on Friday morning.
Several other equities analysts have also recently issued reports on the stock. Morgan Stanley lowered their target price on shares of Viacom from $42.00 to $38.00 and set an overweight rating on the stock in a research note on Friday, October 13th. BMO Capital Markets restated a hold rating and set a $30.00 target price on shares of Viacom in a research note on Wednesday, October 18th. Deutsche Bank reduced their price target on shares of Viacom to $25.00 and set a sell rating for the company in a research report on Monday, October 23rd. Barclays set a $32.00 price target on shares of Viacom and gave the company a hold rating in a research report on Friday, October 20th. Finally, Cowen reaffirmed a hold rating on shares of Viacom in a research report on Friday, October 27th. Seven investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $34.77.
Viacom (VIAB) opened at $32.87 on Friday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.30 and a current ratio of 1.41. The stock has a market cap of $13,520.00, a PE ratio of 6.57, a price-to-earnings-growth ratio of 1.14 and a beta of 1.54. Viacom has a one year low of $22.13 and a one year high of $46.72.
A number of institutional investors and hedge funds have recently made changes to their positions in VIAB. Capital International Investors grew its holdings in Viacom by 19.3% during the 3rd quarter. Capital International Investors now owns 8,761,721 shares of the company’s stock valued at $243,926,000 after buying an additional 1,418,000 shares in the last quarter. Oldfield Partners LLP grew its holdings in Viacom by 25.6% during the 4th quarter. Oldfield Partners LLP now owns 6,722,920 shares of the company’s stock valued at $207,134,000 after buying an additional 1,368,700 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in Viacom by 159.5% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,709,563 shares of the company’s stock valued at $47,594,000 after buying an additional 1,050,654 shares in the last quarter. State of New Jersey Common Pension Fund D grew its holdings in Viacom by 83.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 2,200,000 shares of the company’s stock valued at $61,248,000 after buying an additional 1,000,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Viacom by 30.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,816,999 shares of the company’s stock valued at $106,266,000 after buying an additional 894,243 shares in the last quarter. 78.74% of the stock is owned by institutional investors and hedge funds.
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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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