Viacom (NASDAQ:VIAB) Given Neutral Rating at Cowen

Viacom (NASDAQ:VIAB)‘s stock had its “neutral” rating reiterated by analysts at Cowen in a report issued on Friday, November 17th.

A number of other analysts also recently commented on the company. Zacks Investment Research downgraded Viacom from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 27th. BidaskClub raised Viacom from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Jefferies Group reissued a “buy” rating and issued a $52.00 target price on shares of Viacom in a research report on Thursday, August 3rd. Atlantic Securities downgraded Viacom from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $45.00 to $30.00 in a research report on Friday, August 4th. Finally, UBS reduced their price target on Viacom from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, August 4th. Six equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $36.62.

Shares of Viacom (NASDAQ:VIAB) opened at $29.30 on Friday. Viacom has a one year low of $22.13 and a one year high of $46.72. The firm has a market capitalization of $11,424.10, a PE ratio of 7.53, a PEG ratio of 1.00 and a beta of 1.60. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.55 and a quick ratio of 1.30.

Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Thursday, November 16th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.09). Viacom had a return on equity of 28.95% and a net margin of 14.13%. The firm had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter in the previous year, the company posted $1.54 EPS. The firm’s revenue was up 2.9% on a year-over-year basis. sell-side analysts expect that Viacom will post 3.78 EPS for the current year.

Large investors have recently made changes to their positions in the stock. Johnson Financial Group Inc. purchased a new position in Viacom during the 2nd quarter valued at about $108,000. First Personal Financial Services increased its holdings in Viacom by 5.9% during the 2nd quarter. First Personal Financial Services now owns 3,268 shares of the company’s stock valued at $110,000 after purchasing an additional 182 shares during the period. First Mercantile Trust Co. increased its holdings in Viacom by 1.6% during the 2nd quarter. First Mercantile Trust Co. now owns 3,428 shares of the company’s stock valued at $115,000 after purchasing an additional 54 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Viacom by 13.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,686 shares of the company’s stock valued at $124,000 after purchasing an additional 423 shares during the period. Finally, Delta Asset Management LLC TN increased its holdings in Viacom by 12.2% during the 2nd quarter. Delta Asset Management LLC TN now owns 4,358 shares of the company’s stock valued at $146,000 after purchasing an additional 475 shares during the period. Institutional investors own 79.26% of the company’s stock.

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Viacom Company Profile

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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