BidaskClub Upgrades Viacom, Inc. Class B (VIAB) to Sell

Share on StockTwits

BidaskClub upgraded shares of Viacom, Inc. Class B (NASDAQ:VIAB) from a strong sell rating to a sell rating in a report published on Tuesday, June 19th.

Other research analysts have also issued research reports about the company. ValuEngine lowered Viacom, Inc. Class B from a sell rating to a strong sell rating in a report on Friday, May 18th. Pivotal Research reissued a hold rating and issued a $34.00 target price on shares of Viacom, Inc. Class B in a report on Tuesday, April 17th. Citigroup raised Viacom, Inc. Class B from a sell rating to a neutral rating in a report on Wednesday, March 28th. Loop Capital assumed coverage on Viacom, Inc. Class B in a report on Thursday, March 15th. They issued a hold rating and a $33.00 target price on the stock. Finally, Needham & Company LLC raised Viacom, Inc. Class B from a hold rating to a buy rating and set a $40.00 target price on the stock in a report on Thursday, March 15th. They noted that the move was a valuation call. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have given a buy rating to the stock. Viacom, Inc. Class B has an average rating of Hold and an average price target of $34.33.

Viacom, Inc. Class B opened at $30.16 on Tuesday, according to Marketbeat Ratings. The company has a market cap of $12.03 billion, a price-to-earnings ratio of 8.00, a PEG ratio of 0.88 and a beta of 1.42. Viacom, Inc. Class B has a 52 week low of $22.13 and a 52 week high of $36.77. The company has a current ratio of 1.53, a quick ratio of 1.24 and a debt-to-equity ratio of 1.47.

Viacom, Inc. Class B (NASDAQ:VIAB) last released its quarterly earnings results on Wednesday, April 25th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.79 by $0.13. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.04 billion. Viacom, Inc. Class B had a return on equity of 24.97% and a net margin of 16.74%. The firm’s revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 earnings per share. equities analysts predict that Viacom, Inc. Class B will post 4.06 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Friday, June 15th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, June 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.65%. Viacom, Inc. Class B’s payout ratio is 21.22%.

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its position in Viacom, Inc. Class B by 1.2% during the fourth quarter. BlackRock Inc. now owns 23,226,736 shares of the company’s stock worth $715,616,000 after purchasing an additional 264,076 shares in the last quarter. Wedbush Securities Inc. purchased a new stake in Viacom, Inc. Class B during the fourth quarter worth $291,000. Wall Street Access Asset Management LLC purchased a new stake in Viacom, Inc. Class B during the fourth quarter worth $212,000. Renaissance Technologies LLC purchased a new stake in Viacom, Inc. Class B during the fourth quarter worth $16,714,000. Finally, Roberts Glore & Co. Inc. IL purchased a new stake in Viacom, Inc. Class B during the fourth quarter worth $270,000. Institutional investors own 77.96% of the company’s stock.

About Viacom, Inc. Class B

Viacom, Inc operates media brands that create entertainment content worldwide. The company creates television programs, motion pictures, short-form content, games, consumer products, podcasts, live events, and social media experiences. It operates through two segments, Media Networks and Filmed Entertainment.

Analyst Recommendations for Viacom, Inc. Class B (NASDAQ:VIAB)

Receive News & Ratings for Viacom Inc. Class B Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viacom Inc. Class B and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply