Viacom Inc. (VIAB) Earns “Underperform” Rating from Sanford C. Bernstein
Viacom Inc. (NASDAQ:VIAB)‘s stock had its “underperform” rating reissued by investment analysts at Sanford C. Bernstein in a note issued to investors on Tuesday.
VIAB has been the subject of several other reports. Royal Bank Of Canada dropped their price objective on Viacom from $35.00 to $30.00 and set an “underperform” rating for the company in a research note on Monday, May 15th. Cowen and Company reiterated a “hold” rating and set a $41.00 price objective on shares of Viacom in a research note on Tuesday, July 11th. BidaskClub upgraded Viacom from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Morgan Stanley reiterated an “overweight” rating on shares of Viacom in a research note on Thursday, July 6th. Finally, Zacks Investment Research lowered Viacom from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 27th. Six investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and ten have given a buy rating to the stock. Viacom currently has a consensus rating of “Hold” and an average target price of $42.04.
Shares of Viacom (VIAB) traded down 0.37% during trading on Tuesday, hitting $27.09. 4,421,537 shares of the stock traded hands. The firm’s 50-day moving average price is $30.73 and its 200-day moving average price is $36.95. Viacom has a 52 week low of $26.65 and a 52 week high of $46.72. The company has a market cap of $10.89 billion, a price-to-earnings ratio of 7.45 and a beta of 1.59.
Viacom (NASDAQ:VIAB) last issued its earnings results on Thursday, August 3rd. The company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.12. Viacom had a return on equity of 30.89% and a net margin of 11.04%. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same period in the prior year, the company posted $1.05 earnings per share. Viacom’s revenue was up 8.3% on a year-over-year basis. On average, equities research analysts anticipate that Viacom will post $3.87 earnings per share for the current year.
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A number of institutional investors and hedge funds have recently modified their holdings of the business. First Mercantile Trust Co. boosted its holdings in Viacom by 1.6% during the second quarter. First Mercantile Trust Co. now owns 3,428 shares of the company’s stock worth $115,000 after buying an additional 54 shares during the last quarter. Wall Street Access Asset Management LLC boosted its holdings in Viacom by 1.1% during the second quarter. Wall Street Access Asset Management LLC now owns 6,315 shares of the company’s stock worth $212,000 after buying an additional 70 shares during the last quarter. Cleararc Capital Inc. boosted its holdings in Viacom by 0.9% during the first quarter. Cleararc Capital Inc. now owns 8,495 shares of the company’s stock worth $396,000 after buying an additional 72 shares during the last quarter. Stratos Wealth Partners LTD. boosted its holdings in Viacom by 0.6% during the first quarter. Stratos Wealth Partners LTD. now owns 11,781 shares of the company’s stock worth $549,000 after buying an additional 76 shares during the last quarter. Finally, Suntrust Banks Inc. boosted its holdings in Viacom by 0.5% during the first quarter. Suntrust Banks Inc. now owns 21,318 shares of the company’s stock worth $991,000 after buying an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 79.17% of the company’s stock.
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.
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