What Next for Viacom, Inc. (VIAB) Stock After Making Yearly Low?

Viacom, Inc. (NASDAQ:VIAB) has declined 8.36% since September 7, 2016 and is downtrending. (NASDAQ:VIAB) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. Short shares increased from 1,019,698 to 1,363,693 over that period. Viacom Inc New now has $12.18B valuation. It also reduced Ishares Tr (FXI) stake by 445,075 shares and now owns 4,925 shares. Fifth Third Bancorp grew its position in Viacom by 9.4% during the first quarter.

Next Financial Group, Inc trimmed its stake by shedding 176 shares a decrease of 6.8% from 03/31/2017 to 06/30/2017. First Mercantile Trust Co. lifted its holdings in shares of Viacom by 56.9% during the 1st quarter. Days to cover decreased -1.3 to 3.0 and the percentage of shorted shares was 0.05% on August 15. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Viacom by 13.0% during the 2nd quarter. Delta Asset Management LLC TN now owns 4,358 shares of the company’s stock worth $146,000 after acquiring an additional 475 shares during the last quarter.

Hedge funds and other institutional investors have recently bought and sold shares of the company. The stock of Viacom, Inc. “(VIAB) to Market Perform” was originally published by Week Herald and is the sole property of of Week Herald. If you are viewing this report on another website, it was stolen and republished in violation of United States and global copyright laws.

Several analysts recently commented on the stock. UBS AG dropped their price target on Viacom from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, August 4th. On Monday, September 26 the stock rating was maintained by Barclays Capital with “Overweight”. BidaskClub raised shares of Viacom from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 13th.

Shares of New York-listed Viacom Inc. Six investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and ten have issued a buy rating to the company. Viacom presently has a consensus rating of “Hold” and a consensus price target of $42.04.

Viacom Inc. has a 52 week low of $27.22 and a 52 week high of $46.72. (NASDAQ:VIAB) were released by: Nasdaq.com and their article: “Is Viacom, Inc”.

Traders are more bearish on Viacom Inc. The stock’s 50 day moving average price is $31.13 and its 200-day moving average price is $37.18. (NASDAQ:EQIX) earned “Buy” rating by Stifel Nicolaus on Thursday, February 16. The company reported $1.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 return on equity of 30.89% and a net margin of 11.04%. Viacom’s quarterly revenue was up 8.3% compared to the same quarter past year. Next quarter’s EPS is forecasted at $1.10 and the next full year EPS is anticipated to be $3.98.

Among 34 analysts covering Viacom Inc. The company was upgraded on Monday, October 17 by Wedbush. The dividend will be $0.200 per share for the quarter or $0.80 annualized. The ex-dividend date has been established as Tuesday the 13th of June 2017. Out of 2 Wall Street analysts rating Equinix, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. Viacom’s payout ratio is now 21.98%. The Business’s Filmed Entertainment segment produces, finances, acquires and distributes motion pictures, television programming and other entertainment content under the Paramount Pictures, Paramount Vantage, Paramount Classics, Paramount Animation, Insurge Pictures, Nickelodeon Movies, MTV Films and Paramount Television brands.

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