Viacom Inc. (VIA) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Viacom Inc. (NASDAQ:VIA) have earned an average rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $39.75.

VIA has been the topic of several recent research reports. UBS restated a “buy” rating and issued a $45.00 price objective (down from $50.00) on shares of Viacom in a research report on Wednesday, August 9th. Citigroup downgraded Viacom from a “neutral” rating to a “sell” rating in a research report on Monday, October 9th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VIA. Legal & General Group Plc lifted its position in Viacom by 3,470.8% during the second quarter. Legal & General Group Plc now owns 3,428 shares of the company’s stock worth $130,000 after buying an additional 3,332 shares during the period. Public Employees Retirement System of Ohio lifted its position in Viacom by 31.3% during the second quarter. Public Employees Retirement System of Ohio now owns 4,386 shares of the company’s stock worth $167,000 after buying an additional 1,046 shares during the period. Citigroup Inc. purchased a new position in Viacom during the second quarter worth about $195,000. California Public Employees Retirement System purchased a new position in Viacom during the third quarter worth about $215,000. Finally, Pinnacle Associates Ltd. lifted its position in Viacom by 50.7% during the second quarter. Pinnacle Associates Ltd. now owns 7,315 shares of the company’s stock worth $278,000 after buying an additional 2,460 shares during the period. Hedge funds and other institutional investors own 2.40% of the company’s stock.

Shares of Viacom (NASDAQ VIA) traded up $0.25 during trading hours on Thursday, hitting $34.25. The stock had a trading volume of 40,855 shares, compared to its average volume of 77,729. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.55 and a quick ratio of 1.30. Viacom has a twelve month low of $28.20 and a twelve month high of $49.00. The stock has a market capitalization of $13,777.30, a P/E ratio of 9.08 and a beta of 1.43.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be given a $0.20 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.34%. Viacom’s dividend payout ratio is currently 17.13%.

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Viacom Company Profile

Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.

Analyst Recommendations for Viacom (NASDAQ:VIA)

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