Viacom Inc. (NASDAQ:VIAB) was downgraded by Citigroup Inc. from a “neutral” rating to a “sell” rating in a research report issued on Monday.

Other analysts have also issued research reports about the stock. BidaskClub lowered shares of Viacom from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 5th. J P Morgan Chase & Co reissued an “overweight” rating and issued a $48.00 price target on shares of Viacom in a report on Monday, June 12th. Cowen and Company reissued a “hold” rating and issued a $41.00 price target on shares of Viacom in a report on Tuesday, July 11th. Jefferies Group LLC reissued a “buy” rating and issued a $43.00 price target (down previously from $52.00) on shares of Viacom in a report on Wednesday, August 9th. Finally, Wells Fargo & Company lowered shares of Viacom from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 5th. Eight investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the company’s stock. Viacom currently has a consensus rating of “Hold” and a consensus target price of $41.17.

Viacom (NASDAQ:VIAB) opened at 27.15 on Monday. The company has a market capitalization of $10.92 billion, a price-to-earnings ratio of 7.47 and a beta of 1.57. The company has a 50-day moving average price of $27.94 and a 200-day moving average price of $34.83. Viacom has a one year low of $26.65 and a one year high of $46.72.

Viacom (NASDAQ:VIAB) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.12. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.29 billion. Viacom had a net margin of 11.04% and a return on equity of 30.89%. Viacom’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 earnings per share. Equities research analysts anticipate that Viacom will post $3.86 EPS for the current year.

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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Viacom by 28.9% in the 2nd quarter. Vanguard Group Inc. now owns 28,964,262 shares of the company’s stock valued at $972,330,000 after acquiring an additional 6,496,269 shares in the last quarter. BlackRock Inc. lifted its position in Viacom by 6.4% in the 2nd quarter. BlackRock Inc. now owns 22,863,371 shares of the company’s stock valued at $767,522,000 after acquiring an additional 1,377,520 shares in the last quarter. State Street Corp lifted its position in Viacom by 1.4% in the 1st quarter. State Street Corp now owns 15,523,719 shares of the company’s stock valued at $723,729,000 after acquiring an additional 207,253 shares in the last quarter. FMR LLC lifted its position in Viacom by 17.3% in the 2nd quarter. FMR LLC now owns 10,918,953 shares of the company’s stock valued at $366,551,000 after acquiring an additional 1,607,844 shares in the last quarter. Finally, Capital International Investors lifted its position in Viacom by 19.1% in the 2nd quarter. Capital International Investors now owns 7,343,721 shares of the company’s stock valued at $246,529,000 after acquiring an additional 1,178,200 shares in the last quarter. 79.18% of the stock is currently owned by institutional investors and hedge funds.

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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