Viacom Inc. (NASDAQ:VIA) was upgraded by stock analysts at Bank of America Corp. from an “underperform” rating to a “buy” rating in a note issued to investors on Thursday. The firm presently has a $44.00 price target on the stock, up from their previous price target of $37.00. Bank of America Corp.’s price target would suggest a potential upside of 11.25% from the company’s current price.

Several other research firms have also recently weighed in on VIA. Brean Capital started coverage on Viacom in a research report on Thursday, July 7th. They set a “hold” rating on the stock. Wedbush reissued a “neutral” rating and issued a $44.00 price target (down from $46.00) on shares of Viacom in a research report on Thursday, July 7th. Argus reissued a “hold” rating on shares of Viacom in a research report on Monday, August 15th. Loop Capital reissued a “hold” rating and issued a $46.00 price target on shares of Viacom in a research report on Monday, August 29th. Finally, Wunderlich reissued a “buy” rating and issued a $87.00 price target on shares of Viacom in a research report on Friday, June 17th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $48.67.

Analyst Recommendations for Viacom (NASDAQ:VIA)

Shares of Viacom (NASDAQ:VIA) opened at 39.55 on Thursday. The firm has a 50-day moving average price of $42.51 and a 200-day moving average price of $45.27. Viacom has a 52-week low of $33.88 and a 52-week high of $54.69. The stock has a market capitalization of $15.69 billion, a P/E ratio of 7.61 and a beta of 1.17.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Monday, September 26th were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, September 22nd. This represents a $0.80 annualized dividend and a dividend yield of 2.02%. Viacom’s dividend payout ratio (DPR) is 15.41%.

Several large investors have recently bought and sold shares of the company. Simplex Trading LLC raised its stake in Viacom by 831.7% in the third quarter. Simplex Trading LLC now owns 2,348 shares of the company’s stock valued at $100,000 after buying an additional 2,096 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Viacom by 5.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 10,888 shares of the company’s stock valued at $506,000 after buying an additional 588 shares during the period. Numeric Investors LLC raised its stake in Viacom by 19.9% in the second quarter. Numeric Investors LLC now owns 17,500 shares of the company’s stock valued at $812,000 after buying an additional 2,900 shares during the period. Panagora Asset Management Inc. bought a new stake in Viacom during the second quarter valued at approximately $111,000. Finally, Allianz Asset Management AG raised its stake in Viacom by 7.0% in the second quarter. Allianz Asset Management AG now owns 11,695 shares of the company’s stock valued at $543,000 after buying an additional 760 shares during the period. Hedge funds and other institutional investors own 2.18% of the company’s stock.

About Viacom

Viacom Inc (Viacom) is an entertainment content company that connects with audiences in over 160 countries and territories and creates compelling television programs, motion pictures, short-form video, applications, games, consumer products, social media and other entertainment content. The Company operates through two segments: Media Networks and Filmed Entertainment.

5 Day Chart for NASDAQ:VIA

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