UBS Maintains Viacom to Buy

Brokerage firm UBS Maintains its rating on Viacom(NASDAQ:VIAB). The shares have been rated Buy. The rating by UBS was issued on Jun 20, 2016.

In a different note, 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. On Apr 22, 2016, Credit Suisse said it Maintains its rating on Viacom. In the research note, the firm Raises the price-target to $50.00 per share. The shares have been rated ‘Outperform’ by the firm. RBC Capital said it Initiates Coverage on Viacom, according to a research note issued on Apr 7, 2016. The shares have been rated ‘Underperform’ by the firm. On Apr 4, 2016, MoffetNathanson said it Downgrades its rating on Viacom. The shares have been rated ‘Neutral’ by the firm.

Viacom (VIAB) shares turned negative on Fridays trading session with the shares closing down -2.5 points or -5.75% at a volume of 99,96,377. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $42.73. The peak price level was also seen at $42.73 while the days lowest was $40.63. Finally the shares closed at $40.97. The 52-week high of the shares is $67.54 while the 52-week low is $30.11. According to the latest information available, the market cap of the company is $16,226 M.

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 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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