Were Analysts Bearish Viacom, Inc

Lloyd Doyle
December 28, 2017

The most recent open market insider trade was Buy of 15,000 shares on a day where the closing price was 6. KeyCorp analyst A. Hargreaves now anticipates that the company will post earnings of $0.97 per share for the quarter, down from their previous estimate of $1.20.

Analysts believe that the company has the potential to earn average revenue of $3.2 Billion for the current quarter. About 4.06 million shares traded. Viacom, Inc. (NASDAQ:VIAB) has declined 8.36% since December 26, 2016 and is downtrending.

Viacom (NASDAQ:VIAB) last released its quarterly earnings results on Thursday, November 16th. This company shares are -81.14% up from its target price of $6.17 and the current market capitalization stands at $34.37B.

The stock increased 1.48% or $0.47 during the last trading session, reaching $32.23. About 257,477 shares traded. The stock of Viacom, Inc. It has underperformed by 25.06% the S&P500.

Among 37 analysts covering Citigroup Inc. Therefore 47% are positive. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries. The rating was maintained by Barclays Capital on Friday, August 4 with "Equal-Weight". (NASDAQ:VIAB) has "Hold" rating given on Friday, August 25 by KeyBanc Capital Markets. The stock presently has a consensus rating of Hold and an average target price of $43.85.

Investors are definitely paying attention to what analysts over at Wall Street are now thinking about the shares of Mylan N.V. Looking further into the current agreement on broker rating, it is very clear that the ABR stands at 3.93. The stock of 3M Company (NYSE:MMM) has "Hold" rating given on Wednesday, April 26 by Stifel Nicolaus. The rating was downgraded by Wedbush on Tuesday, December 13 to "Neutral".

Investors sentiment decreased to 0.77 in 2017 Q3. Its up 0.25, from 1.1 in 2017Q2. It helps investors in determining whether buying, selling or holding on to a stock would be beneficial for them. 118 funds opened positions while 420 raised stakes.

On a weekly basis, the stock is 0.16%. 3,348 are held by Amer. (NYSE:C). Pennsylvania Tru holds 0.45% or 127,194 shares. Connor Clark Lunn Inv Management owns 67,993 shares. When it comes to research, investors have several tools available to them to make it easy. Balasa Dinverno And Foltz Ltd Liability Corporation invested in 4,323 shares. Washington Bank & Trust reported 1.11% stake.

Natixis Asset Management increased Visa Inc. Horan Advisors Limited Liability invested in 0.1% or 2,608 shares. There were 71 sold out positions, amounting to 10.86 million shares. It also upped Mednax Inc (NYSE:MD) stake by 238,320 shares and now owns 256,420 shares.

Since August 10, 2017, it had 0 buys, and 2 sales for $2.95 million activity. (V) stake by 7.72% reported in 2017Q3 SEC filing. Andra AP fonden lifted its holdings in shares of Viacom by 5.7% in the 2nd quarter. Shelton Capital Management raised its position in Viacom by 11.5% in the 3rd quarter. The company's price to earnings growth PEG ratio is stands at 1.15 and Forward P/E is noted at 8.03. VIAB's profit will be $409.96 million for 8.06 P/E if the $1.00 EPS becomes a reality.

Viacom, Inc. (NASDAQ:VIAB) ended its day at 31.87 with the rising stream of -1.12% and its total traded volume was 2.77 million shares less than the average volume. Of those analysts, 7 rate stock as a Strong Buy, 11 rate it as Hold, and just no analyst rates it as a Moderate Sell. Therefore 32% are positive.

Viacom, Inc. (NASDAQ:VIAB) reported its EPS in the last quarter as $0.77/Share lagging the analyst estimate of $0.86/Share by a difference of $-0.09. (NASDAQ:VIAB) on Thursday, September 7 with "Buy" rating. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. Piper Jaffray Companies reissued a "hold" rating and issued a $40.00 price objective on shares of Viacom in a research note on Tuesday, September 26th. BMO Capital Markets maintained the stock with "Hold" rating in Wednesday, November 22 report. On Friday, June 17 the stock rating was upgraded by RBC Capital Markets to "Sector Perform". The company was maintained on Friday, August 5 by Telsey Advisory Group. On Monday, January 30 the stock rating was maintained by Morgan Stanley with "Overweight".

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