Viacom (NASDAQ:VIAB) was upgraded by stock analysts at Atlantic Securities from an “underweight” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, The Fly reports.

A number of other equities analysts also recently issued reports on the company. Zacks Investment Research raised Viacom from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Tuesday. Deutsche Bank upped their price target on Viacom from $28.00 to $33.00 and gave the company a “hold” rating in a report on Monday. BMO Capital Markets upped their price target on Viacom from $27.00 to $34.00 and gave the company a “market perform” rating in a report on Monday. ValuEngine raised Viacom from a “hold” rating to a “buy” rating in a report on Friday, February 9th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $36.00 price target on shares of Viacom in a report on Friday, February 9th. Five analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $35.31.

Viacom (VIAB) opened at $33.10 on Wednesday. Viacom has a 52-week low of $22.13 and a 52-week high of $46.72. The company has a market capitalization of $13,226.21, a PE ratio of 6.62, a PEG ratio of 1.18 and a beta of 1.54. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.14 and a current ratio of 1.41.

Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Thursday, February 8th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.09. The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.14 billion. Viacom had a return on equity of 26.28% and a net margin of 15.49%. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.04 earnings per share. research analysts predict that Viacom will post 3.98 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Kiltearn Partners LLP raised its position in Viacom by 93.2% in the fourth quarter. Kiltearn Partners LLP now owns 5,037,600 shares of the company’s stock worth $155,208,000 after acquiring an additional 2,429,600 shares in the last quarter. Capital International Investors raised its position in Viacom by 19.3% in the third quarter. Capital International Investors now owns 8,761,721 shares of the company’s stock worth $243,926,000 after acquiring an additional 1,418,000 shares in the last quarter. Oldfield Partners LLP raised its position in Viacom by 25.6% in the fourth quarter. Oldfield Partners LLP now owns 6,722,920 shares of the company’s stock worth $207,134,000 after acquiring an additional 1,368,700 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its position in Viacom by 159.5% in the third quarter. Thompson Siegel & Walmsley LLC now owns 1,709,563 shares of the company’s stock worth $47,594,000 after acquiring an additional 1,050,654 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its position in Viacom by 83.3% in the third quarter. State of New Jersey Common Pension Fund D now owns 2,200,000 shares of the company’s stock worth $61,248,000 after acquiring an additional 1,000,000 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

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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.

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Analyst Recommendations for Viacom (NASDAQ:VIAB)

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