Viacom, Inc. (NASDAQ:VIAB) has been assigned a consensus rating of “Hold” from the twenty research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $34.29.

Several equities research analysts have issued reports on VIAB shares. ValuEngine upgraded shares of Viacom from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. BidaskClub lowered shares of Viacom from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 14th. BMO Capital Markets lowered their price target on shares of Viacom from $34.00 to $33.00 and set a “market perform” rating on the stock in a research note on Thursday, May 16th. Royal Bank of Canada upgraded shares of Viacom from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $31.00 to $36.00 in a research note on Thursday, April 4th. Finally, TheStreet upgraded shares of Viacom from a “c+” rating to a “b-” rating in a research note on Friday, April 26th.

VIAB stock traded up $0.20 during midday trading on Wednesday, hitting $29.14. The company’s stock had a trading volume of 1,448,066 shares, compared to its average volume of 4,374,040. The company has a current ratio of 1.29, a quick ratio of 1.07 and a debt-to-equity ratio of 1.08. Viacom has a twelve month low of $23.31 and a twelve month high of $34.44. The firm has a market capitalization of $11.80 billion, a P/E ratio of 7.07, a PEG ratio of 1.00 and a beta of 1.32.

Viacom (NASDAQ:VIAB) last issued its quarterly earnings results on Friday, May 10th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.15. Viacom had a net margin of 12.63% and a return on equity of 22.60%. The firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same period in the previous year, the business earned $0.92 EPS. The company’s revenue was down 6.0% compared to the same quarter last year. As a group, equities research analysts forecast that Viacom will post 3.98 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Friday, June 14th. Viacom’s dividend payout ratio (DPR) is presently 19.42%.

Several institutional investors and hedge funds have recently made changes to their positions in VIAB. Pearl River Capital LLC bought a new stake in shares of Viacom during the 4th quarter worth about $26,000. Cullen Frost Bankers Inc. bought a new stake in shares of Viacom during the 1st quarter worth about $30,000. Valley National Advisers Inc. boosted its holdings in shares of Viacom by 66.4% during the 4th quarter. Valley National Advisers Inc. now owns 1,118 shares of the company’s stock worth $29,000 after buying an additional 446 shares during the period. Bruderman Asset Management LLC boosted its holdings in shares of Viacom by 935.5% during the 4th quarter. Bruderman Asset Management LLC now owns 1,139 shares of the company’s stock worth $29,000 after buying an additional 1,029 shares during the period. Finally, CWM LLC boosted its holdings in shares of Viacom by 507.6% during the 4th quarter. CWM LLC now owns 1,197 shares of the company’s stock worth $31,000 after buying an additional 1,000 shares during the period. 80.01% of the stock is owned by institutional investors.

About Viacom

Viacom Inc operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps.

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Analyst Recommendations for Viacom (NASDAQ:VIAB)

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