Viacom (NASDAQ:VIAB) was downgraded by investment analysts at Barrington Research from an “outperform” rating to a “market perform” rating in a research report issued on Tuesday.
Several other research analysts have also commented on the stock. B. Riley reaffirmed a “neutral” rating on shares of Viacom in a research note on Wednesday, November 1st. Macquarie lowered shares of Viacom from a “neutral” rating to an “underperform” rating in a research note on Tuesday. Wells Fargo & Co lowered shares of Viacom from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 5th. Needham & Company LLC reaffirmed a “hold” rating on shares of Viacom in a research note on Tuesday, September 12th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $40.00 target price on shares of Viacom in a research note on Tuesday, September 26th. Seven research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $35.81.
Viacom (NASDAQ:VIAB) remained flat at $$30.81 during trading on Tuesday. 2,299,600 shares of the company traded hands, compared to its average volume of 5,108,689. Viacom has a one year low of $22.13 and a one year high of $46.72. The stock has a market cap of $12,393.54, a P/E ratio of 6.60, a PEG ratio of 1.09 and a beta of 1.60. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.55 and a quick ratio of 1.30.
Large investors have recently made changes to their positions in the company. Johnson Financial Group Inc. acquired a new position in Viacom in the 2nd quarter valued at $108,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Viacom by 13.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,686 shares of the company’s stock worth $124,000 after acquiring an additional 423 shares during the last quarter. Wall Street Access Asset Management LLC increased its stake in shares of Viacom by 1.1% in the 2nd quarter. Wall Street Access Asset Management LLC now owns 6,315 shares of the company’s stock worth $212,000 after acquiring an additional 70 shares during the last quarter. Capital Guardian Trust Co. increased its stake in shares of Viacom by 2.7% in the 2nd quarter. Capital Guardian Trust Co. now owns 6,460 shares of the company’s stock worth $217,000 after acquiring an additional 168 shares during the last quarter. Finally, Beach Investment Management LLC. acquired a new stake in shares of Viacom in the 2nd quarter worth $272,000. Hedge funds and other institutional investors own 79.20% of the company’s stock.
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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.
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