Brokerage firm Atlantic Equities Upgrades its rating on Viacom(NASDAQ:VIAB). The shares have been rated Neutral. Previously, the analysts had a Underperform rating on the shares. The rating by Atlantic Equities was issued on Jul 22, 2016.
In a different note, On Jul 11, 2016, Wells Fargo said it Downgrades its rating on Viacom. The shares have been rated ‘Underperform’ by the firm. On Jun 20, 2016, UBS said it Maintains its rating on Viacom. The shares have been rated ‘Buy’ by the firm. On Jun 17, 2016, Wunderlich said it Maintains its rating on Viacom. The shares have been rated ‘Buy’ by the firm. On Jun 17, 2016, RBC Capital said it Upgrades its rating on Viacom. In the research note, the firm Raises the price-target to $34.00 per share. The shares have been rated ‘Sector Perform’ by the firm. On May 18, 2016, Citigroup said it Maintains its rating on Viacom. In the research note, the firm Lowers the price-target to $4.00 per share. The shares have been rated ‘Neutral’ by the firm.
Viacom (VIAB) made into the market gainers list on Thursdays trading session with the shares advancing 0.35% or 0.16 points. Due to strong positive momentum, the stock ended at $45.97, which is also near the day’s high of $46.26. The stock began the session at $45.69 and the volume stood at 35,96,527 shares. The 52-week high of the shares is $57.2525 and the 52 week low is $30.11. The company has a current market capitalization of $18,206 M and it has 39,60,43,060 shares in outstanding.
Viacom(VIAB) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $3.00B. Analysts had an estimated revenue of $2.98B. Earnings per share were $0.76. Analysts had estimated an EPS of $0.79.
Viacom Inc. (Viacom) is an entertainment content company that connects with audiences in over 160 countries and territories and creates compelling television programs motion pictures short-form video applications games consumer products social media and other entertainment content. The Company operates through two segments: Media Networks and Filmed Entertainment. Viacom Media Networks program services reached approximately 700 million households in over 160 countries. Viacom Media Networks operates the international extensions of the multimedia brands MTV VH1 Nickelodeon Comedy Central and BET as well as certain program services. The Companys Filmed Entertainment segment produces finances acquires and distributes motion pictures and other entertainment content. under the Paramount Pictures Paramount Vantage Paramount Classics Insurge Pictures MTV Films and Nickelodeon Movies brands.