Somewhat Positive News Coverage Extremely Likely to Impact Viacom (VIAB) Stock Price

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News articles about Viacom (NASDAQ:VIAB) have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than 6,000 news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Viacom earned a media sentiment score of 1.27 on their scale. InfoTrie also assigned media coverage about the company an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company’s share price in the near future.

Here are some of the news stories that may have impacted Viacom’s ranking:

VIAB stock traded down $0.22 during trading hours on Wednesday, reaching $32.34. 4,596,238 shares of the stock were exchanged, compared to its average volume of 3,717,506. The stock has a market cap of $12.76 billion, a PE ratio of 8.58, a price-to-earnings-growth ratio of 1.10 and a beta of 1.40. The company has a current ratio of 1.69, a quick ratio of 1.41 and a debt-to-equity ratio of 1.42. Viacom has a 12 month low of $22.13 and a 12 month high of $35.55.

Viacom (NASDAQ:VIAB) last released its earnings results on Thursday, August 9th. The company reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.11. The firm had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.27 billion. Viacom had a return on equity of 23.53% and a net margin of 15.65%. The company’s revenue was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 EPS. On average, analysts forecast that Viacom will post 4.1 earnings per share for the current fiscal year.

A number of research firms recently commented on VIAB. Macquarie upgraded shares of Viacom from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $34.00 to $37.00 in a research report on Thursday, September 20th. TheStreet upgraded shares of Viacom from a “c+” rating to a “b-” rating in a research report on Friday, August 31st. Morgan Stanley restated an “equal weight” rating and issued a $34.00 price objective on shares of Viacom in a research report on Monday, October 15th. ValuEngine cut shares of Viacom from a “hold” rating to a “sell” rating in a research report on Friday, November 2nd. Finally, BidaskClub upgraded shares of Viacom from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $34.50.

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About Viacom

Viacom, Inc operates media brands that create entertainment content worldwide. The company creates television programs, motion pictures, short-form content, games, consumer products, podcasts, live events, and social media experiences. It operates through two segments, Media Networks and Filmed Entertainment.

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