Somewhat Positive Media Coverage Somewhat Unlikely to Affect Viacom (VIAB) Stock Price

Mae Love
October 11, 2017

Traders are more bearish on Viacom Inc. (NASDAQ:VIAB) that has shown a discernible change in trend levels over the path of recent market activity. They now have a Dollars 37 price target on the stock. BidaskClub upgraded shares of Viacom from a "strong sell" rating to a "sell" rating in a research report on Tuesday, June 13th. J P Morgan Chase & Co reissued an overweight rating and issued a $48.00 price objective on shares of Viacom in a research report on Monday, June 12th.

09/07/2017 - Viacom Inc. had its "underperform" rating reiterated by analysts at Sanford C. Bernstein. Morgan Stanley reaffirmed an "overweight" rating on shares of Viacom in a research note on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. The firm earned "Hold" rating on Monday, November 30 by Topeka Capital Markets. (NASDAQ:VIAB) opened at 25.42 on Tuesday. Viacom has a 52 week low of $25.34 and a 52 week high of $46.72. The company has a 50-day moving average price of $27.94 and a 200-day moving average price of $34.83. The firm has "Market Perform" rating by Wells Fargo given on Friday, August 7.

Viacom (NASDAQ:VIA) last posted its quarterly earnings data on Thursday, May 4th. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. The return on assets stands at 6.3%, Return on Equity now is 30.8% and the Return on Investment value is 12.4%. During last 3 month period, 0.19% of total institutional ownership has changed in the company shares. Viacom's quarterly revenue was up 8.3% compared to the same quarter a year ago. On average, analysts predict that Viacom will post $3.70 EPS for the current fiscal year.

Viacom, Inc. has been given an analysts' mean target of 38.17. (NASDAQ:VIAB) earned "Hold" rating by Piper Jaffray on Sunday, September 24. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of worldwide copyright & trademark laws. Investors of record on Friday, September 15th were paid a dividend of $0.20 per share. The ex-dividend date was set for Thursday the 14th of September 2017. This represents a $0.80 annualized dividend and a dividend yield of 2.95%. Viacom's dividend payout ratio is now 21.98%.

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Institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp raised its position in Viacom by 9.7% in the third quarter. First Mercantile Trust Co. now owns 3,428 shares of the company's stock valued at $115,000 after purchasing an additional 54 shares during the last quarter.

Brief Synopsis On Viacom Inc.

Ubs Group Ag added to its ownership by buying 625 shares an increase of 62.7% in the quarter. Wall Street Access Asset Management LLC lifted its stake in shares of Viacom by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 64,855 shares of the company's stock valued at $3,161,000 after buying an additional 962 shares during the last quarter. Geode Capital Management LLC now owns 42,025 shares of the company's stock valued at $2,048,000 after buying an additional 10,579 shares during the last quarter. RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions.

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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