BTIG Research Upgrades Viacom to Buy

Brokerage firm BTIG Research Upgrades its rating on Viacom(NASDAQ:VIA). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by BTIG Research was issued on Jun 16, 2016.

Viacom(VIA) 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 $3.18B. Earnings per share were $0.76. Analysts had estimated an EPS of $1.19.

Several Insider Transactions has been reported to the SEC. On Jun 2, 2016, Charest Katherine Gill (SVP, Controller) sold 6,110 shares at $44.24 per share price.Also, On May 18, 2016, Carl D Folta (EVP, Corporate Communications) sold 15,217 shares at $39.34 per share price.On Nov 20, 2015, George S Abrams (director) sold 3,171 shares at $51.73 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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.

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