Viacom (NASDAQ:VIAB) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Tuesday, BidAskClub reports.

A number of other analysts have also issued reports on VIAB. TheStreet upgraded Viacom from a “c+” rating to a “b-” rating in a report on Friday, April 26th. Guggenheim upgraded Viacom from a “neutral” rating to a “buy” rating and increased their target price for the company from $31.00 to $35.00 in a report on Wednesday, August 14th. BMO Capital Markets reduced their target price on Viacom from $34.00 to $33.00 and set a “market perform” rating for the company in a report on Thursday, May 16th. Deutsche Bank upgraded Viacom from a “hold” rating to a “buy” rating in a report on Wednesday, August 14th. Finally, ValuEngine lowered Viacom from a “sell” rating to a “strong sell” rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $34.14.

VIAB opened at $26.23 on Tuesday. The stock has a fifty day moving average of $29.92 and a 200-day moving average of $29.25. The firm has a market capitalization of $10.50 billion, a P/E ratio of 6.37, a PEG ratio of 0.94 and a beta of 1.29. Viacom has a 12-month low of $23.31 and a 12-month high of $34.44. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 1.02.

Viacom (NASDAQ:VIAB) last released its earnings results on Thursday, August 8th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.14. The company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.33 billion. Viacom had a return on equity of 21.71% and a net margin of 12.68%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.18 earnings per share. On average, analysts expect that Viacom will post 3.99 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in VIAB. Nuveen Asset Management LLC raised its holdings in shares of Viacom by 487.9% during the second quarter. Nuveen Asset Management LLC now owns 5,170,026 shares of the company’s stock worth $154,429,000 after acquiring an additional 4,290,648 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Viacom by 40.5% during the first quarter. AQR Capital Management LLC now owns 10,680,153 shares of the company’s stock worth $294,131,000 after acquiring an additional 3,076,039 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd raised its holdings in shares of Viacom by 836.3% during the first quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,850,277 shares of the company’s stock worth $80,007,000 after acquiring an additional 2,545,862 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Viacom by 4.3% during the second quarter. Vanguard Group Inc. now owns 41,525,508 shares of the company’s stock worth $1,240,367,000 after acquiring an additional 1,730,488 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its holdings in shares of Viacom by 41.3% during the first quarter. Thompson Siegel & Walmsley LLC now owns 3,579,799 shares of the company’s stock worth $100,485,000 after acquiring an additional 1,046,796 shares in the last quarter. Institutional investors and hedge funds own 77.56% 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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