BidaskClub Lowers Viacom Inc. (NASDAQ:VIAB) to Strong Sell

Rebecca Barbier
Julho 12, 2017

Viacom (NASDAQ:VIAB) previously issued its periodic earnings reports on Early Thur, May 4th. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". About 5.02 million shares traded.

Viacom Inc. (VIAB) reported sales (ttm) of 12.91 Billion, whereas, 28 number of analysts estimated the mean sale of 3298.92 million. Equities analysts expect that Viacom will post $3.87 earnings per share for the current fiscal year.

Viacom, Inc. (VIAB) closed its previous trading session at $33.2 with the gain of 0.39%. The company reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.59 by $0.20. Net profit margin of Viacom, Inc. During the same period in the prior year, the firm earned $0.76 EPS. Jefferies Group LLC restated a "buy" rating and issued a $52.00 price objective on shares of Viacom in a report on Monday, April 17th. Guggenheim reiterated a "buy" rating and set a $50.00 price target on shares of Viacom in a report on Wednesday, March 22nd. Morgan Stanley reissued an "overweight" rating on shares of Viacom in a research note on Thursday. Finally, BMO Capital Markets reduced their price target on Viacom from $44.00 to $42.00 and set a market perform rating for the company in a research report on Monday, May 15th. Five analysts have rated the stock with a sell rating, seventeen have given a hold rating and ten have issued a buy rating to the stock. The stock spiked 10.05% last month and is up 20 this year.

ILLEGAL ACTIVITY WARNING: "Viacom Inc". (NASDAQ:VIAB)'s 14-day RSI is presently at 46.70. If you are accessing this article on another site, it was copied illegally and reposted in violation of USA & global copyright laws. Viacom, Inc. (NASDAQ:VIAB) is -12.29% below its 200-day moving average, providing a measure of resistance for long positions.

Bank of Nova Scotia increased its stake in shares of Viacom Inc.

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The Altman Z-score is the output of a credit-strength test that gauges a publicly traded manufacturing company's likelihood of bankruptcy. The firm has a market capitalization of $13.34 billion, a price-to-earnings ratio of 10.98 and a beta of 1.57. On a similar note, the stock is -4.34% below its 50-day moving average, providing a measure of support for short positions.

The business also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Thursday, June 15th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Tuesday, June 13th. Viacom's payout ratio is 26.40%.

Several other hedge funds and other institutional investors have also recently modified their holdings of VIAB. FUKOKU MUTUAL LIFE INSURANCE Co boosted its position in shares of Viacom by 15.8% in the first quarter.

This stock (ONCE) is ahead of its 52-week low with 70.74%. Thrivent Financial for Lutherans now owns 12,272 shares of the company's stock valued at $431,000 after buying an additional 890 shares during the period. LMR Partners LLP acquired a new position in Viacom during the first quarter valued at approximately $874,000. First Personal Financial Services now owns 3,086 shares of the company's stock worth $144,000 after buying an additional 2,805 shares in the last quarter. Bank of New York Mellon Corp now owns 41,732 shares of the company's stock valued at $2,035,000 after buying an additional 11,692 shares during the last quarter. Finally, First Mercantile Trust Co. boosted its position in shares of Viacom by 56.9% in the first quarter.

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