Viacom (NASDAQ:VIAB) had its price objective upped by Deutsche Bank from $28.00 to $33.00 in a research note released on Monday. The firm currently has a hold rating on the stock.

VIAB has been the topic of a number of other research reports. Barclays set a $33.00 price target on Viacom and gave the company a hold rating in a research note on Tuesday, January 23rd. Zacks Investment Research upgraded Viacom from a sell rating to a hold rating in a research note on Monday, November 20th. BidaskClub upgraded Viacom from a sell rating to a hold rating in a research note on Saturday, January 13th. Cowen restated a neutral rating on shares of Viacom in a research note on Friday, November 17th. Finally, Macquarie cut Viacom from a neutral rating to an underperform rating and set a $26.00 price target on the stock. in a research note on Tuesday, January 2nd. Seven research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of $35.35.

Shares of Viacom (NASDAQ VIAB) opened at $32.88 on Monday. Viacom has a 12 month low of $22.13 and a 12 month high of $46.72. The company has a quick ratio of 1.14, a current ratio of 1.41 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $13,520.00, a price-to-earnings ratio of 6.58, a P/E/G ratio of 1.13 and a beta of 1.54.

Viacom (NASDAQ:VIAB) last posted its quarterly earnings results on Thursday, February 8th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.09. Viacom had a return on equity of 26.28% and a net margin of 15.49%. The business had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the prior year, the business earned $1.04 EPS. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. equities analysts expect that Viacom will post 3.85 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sentry Investment Management LLC grew its holdings in shares of Viacom by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 26,322 shares of the company’s stock worth $884,000 after purchasing an additional 290 shares in the last quarter. Thrivent Financial For Lutherans grew its holdings in shares of Viacom by 3.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 13,422 shares of the company’s stock worth $450,000 after purchasing an additional 450 shares in the last quarter. Financial Engines Advisors L.L.C. grew its holdings in shares of Viacom by 8.7% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 20,702 shares of the company’s stock worth $638,000 after purchasing an additional 1,657 shares in the last quarter. Standard Life Aberdeen plc grew its holdings in shares of Viacom by 1.5% during the 4th quarter. Standard Life Aberdeen plc now owns 117,055 shares of the company’s stock worth $3,607,000 after purchasing an additional 1,749 shares in the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of Viacom by 2.2% during the 4th quarter. Arizona State Retirement System now owns 89,394 shares of the company’s stock worth $2,754,000 after purchasing an additional 1,911 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors.

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About Viacom

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)

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