Viacom (NASDAQ:VIAB) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Thursday.

Other equities analysts have also issued reports about the stock. ValuEngine upgraded shares of Viacom from a “sell” rating to a “hold” rating in a research report on Tuesday, November 20th. Pivotal Research upgraded shares of Viacom from a “hold” rating to a “buy” rating and upped their target price for the stock from $33.00 to $36.00 in a research report on Tuesday, January 15th. Zacks Investment Research upgraded shares of Viacom from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Friday, October 12th. Barrington Research reiterated a “hold” rating on shares of Viacom in a research report on Monday, November 19th. Finally, UBS Group lowered shares of Viacom from a “buy” rating to a “neutral” rating and set a $34.00 target price on the stock. in a research report on Monday, November 5th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $34.68.

Shares of Viacom stock opened at $29.15 on Thursday. The company has a current ratio of 1.50, a quick ratio of 1.28 and a debt-to-equity ratio of 1.27. The stock has a market cap of $12.12 billion, a price-to-earnings ratio of 7.08, a PEG ratio of 1.11 and a beta of 1.41. Viacom has a 1-year low of $23.31 and a 1-year high of $34.58.

Viacom (NASDAQ:VIAB) last announced its earnings results on Friday, November 16th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.04. Viacom had a net margin of 13.28% and a return on equity of 23.68%. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same period in the prior year, the business earned $0.77 earnings per share. Viacom’s quarterly revenue was up 5.0% on a year-over-year basis. As a group, equities analysts anticipate that Viacom will post 4.24 EPS for the current year.

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc grew its position in Viacom by 1.6% in the third quarter. Vanguard Group Inc now owns 38,037,506 shares of the company’s stock valued at $1,284,147,000 after purchasing an additional 585,381 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Viacom by 7.5% during the 3rd quarter. BlackRock Inc. now owns 27,312,498 shares of the company’s stock worth $922,070,000 after buying an additional 1,911,462 shares during the last quarter. AQR Capital Management LLC raised its stake in Viacom by 9.6% in the 3rd quarter. AQR Capital Management LLC now owns 7,008,127 shares of the company’s stock worth $236,594,000 after purchasing an additional 612,741 shares in the last quarter. Capital World Investors raised its stake in Viacom by 28.0% in the 3rd quarter. Capital World Investors now owns 5,482,488 shares of the company’s stock worth $185,089,000 after purchasing an additional 1,199,988 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Viacom by 12.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,443,549 shares of the company’s stock worth $183,775,000 after purchasing an additional 584,495 shares in the last quarter. 78.75% of the stock is owned by institutional investors.

Viacom Company Profile

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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