ValuEngine upgraded shares of Viacom (NASDAQ:VIAB) from a hold rating to a buy rating in a report issued on Friday morning.

Several other equities research analysts have also recently weighed in on the company. Citigroup cut Viacom from a neutral rating to a sell rating and decreased their price target for the company from $33.00 to $24.00 in a research note on Monday, October 9th. Wells Fargo & Company cut Viacom from an outperform rating to a market perform rating in a research note on Tuesday, September 5th. Morgan Stanley decreased their price target on Viacom from $42.00 to $38.00 and set an overweight rating for the company in a research note on Friday, October 13th. BMO Capital Markets reissued a hold rating and issued a $30.00 price target on shares of Viacom in a research note on Wednesday, October 18th. Finally, Jefferies Group reissued a buy rating and issued a $52.00 price target on shares of Viacom in a research note on Thursday, August 3rd. Six equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $36.62.

Shares of Viacom (NASDAQ VIAB) traded up $0.08 during mid-day trading on Friday, hitting $28.40. The stock had a trading volume of 4,546,723 shares, compared to its average volume of 6,787,991. The firm has a market capitalization of $11,391.92, a PE ratio of 7.51, a price-to-earnings-growth ratio of 1.00 and a beta of 1.60. The company has a current ratio of 1.55, a quick ratio of 1.30 and a debt-to-equity ratio of 1.81. Viacom has a 12 month low of $22.13 and a 12 month high of $46.72.

Viacom (NASDAQ:VIAB) last issued its quarterly earnings results on Thursday, November 16th. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.09). The company had revenue of $3.32 billion during the quarter, compared to analyst estimates of $3.23 billion. Viacom had a net margin of 14.13% and a return on equity of 28.95%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.54 EPS. equities analysts forecast that Viacom will post 3.78 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be paid a $0.20 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.82%. Viacom’s dividend payout ratio (DPR) is presently 17.13%.

A number of institutional investors have recently made changes to their positions in the business. First Mercantile Trust Co. grew its stake in Viacom by 1.6% in the second quarter. First Mercantile Trust Co. now owns 3,428 shares of the company’s stock valued at $115,000 after acquiring an additional 54 shares during the period. Wall Street Access Asset Management LLC grew its stake in Viacom by 1.1% in the second quarter. Wall Street Access Asset Management LLC now owns 6,315 shares of the company’s stock valued at $212,000 after acquiring an additional 70 shares during the period. Boston Private Wealth LLC grew its stake in Viacom by 1.8% in the second quarter. Boston Private Wealth LLC now owns 6,093 shares of the company’s stock valued at $205,000 after acquiring an additional 108 shares during the period. Moors & Cabot Inc. grew its stake in Viacom by 0.7% in the second quarter. Moors & Cabot Inc. now owns 20,990 shares of the company’s stock valued at $703,000 after acquiring an additional 149 shares during the period. Finally, Capital Guardian Trust Co. grew its stake in Viacom by 2.7% in the second quarter. Capital Guardian Trust Co. now owns 6,460 shares of the company’s stock valued at $217,000 after acquiring an additional 168 shares during the period. 79.29% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This piece of content was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/12/02/viacom-viab-upgraded-by-valuengine-to-buy.html.

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)

Receive News & Stock Ratings for Viacom Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viacom Inc. and related stocks with our FREE daily email newsletter.