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.

About Viacom

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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