Brokerage firm Stifel Nicolaus Downgrades its rating on Viacom(NASDAQ:VIAB). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Stifel Nicolaus was issued on Sep 19, 2016.
In a different note, On Sep 13, 2016, Brean Capital said it Upgrades its rating on Viacom. The shares have been rated ‘Buy’ by the firm. On Aug 26, 2016, Telsey Advisory Group said it Downgrades its rating on Viacom. The shares have been rated ‘Market Perform’ by the firm. On Aug 8, 2016, Deutsche Bank said it Maintains its rating on Viacom. In the research note, the firm Lowers the price-target to $39.00 per share. The shares have been rated ‘Hold’ by the firm. On Jul 22, 2016, Atlantic Equities said it Upgrades its rating on Viacom. The shares have been rated ‘Neutral’ by the firm. On Jul 11, 2016, Wells Fargo said it Downgrades its rating on Viacom. The shares have been rated ‘Underperform’ by the firm.
Viacom (VIAB) shares turned negative on Thursdays trading session with the shares closing down -0.23 points or -0.64% at a volume of 40,82,329. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $36.22. The peak price level was also seen at $36.22 while the days lowest was $35.57. Finally the shares closed at $35.82. The 52-week high of the shares is $53.345 while the 52-week low is $30.11. According to the latest information available, the market cap of the company is $14,208 M.
Viacom(VIAB) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $3.11B. Analysts had an estimated revenue of $3.03B. Earnings per share were $1.05. Analysts had estimated an EPS of $1.03.
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.