Economy

Viacom Inc. (VIAB) Lowered to Sell at Citigroup Inc

Viacom, Inc. (NASDAQ:VIAB) closed its last session at $25.42.

Based on the latest brokerage notes which have been released to investors, 4 brokers have issued a rating of "strong buy", 6 brokers "buy", 16 brokers "neutral", 2 brokers "sell" and 3 brokers "strong sell". Farmers Trust Co grew its position by buying 60,380 shares an increase of 1,207,600.0%.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. Viacom presently has an average rating of Hold and a consensus target price of $40.48. Eight investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the company's stock.

Here are a few substantial investment firms who have updated their positions.

Insider Trading Activity for Viacom, Inc. Westbourne Investment Advisors, Inc. now owns 5,774 shares valued at $220,000. The dividend was $0.200 per share for the quarter which comes to $0.80 on an annualized basis. Clearline Capital Lp bought 389,115 shares as the company's stock declined 19.98% while stock markets rallied. As of the end of the quarter Wfg Advisors, Lp had acquired a total of 400 shares growing its stake by 61.5%. RBC Capital Markets maintained it with "Buy" rating and $75.0 target in Monday, September 25 report. Viacom, Inc. (VIAB) now trades with a market capitalization of $10.92 Billion. IL now owns 7,347 shares of the company's stock valued at $320,000 after buying an additional 538 shares in the last quarter.

In addition to Citigroup reporting its stock price target, a total of 30 brokerages have issued a ratings update on the company. Finally, Blair William & Co. The stock of Citigroup Inc (NYSE:C) has "Buy" rating given on Friday, July 14 by BMO Capital Markets.

07/05/2017 - Viacom Inc. had its "overweight" rating reiterated by analysts at Morgan Stanley. (VIAB) traded up 0.531% during midday trading on Tuesday, reaching $25.555. Viacom has a 52-week low of $36.25 and a 52-week high of $50.81. Viacom had a return on equity of 30.89% and a net margin of 11.04%. The firm has a 50 day moving average price of $27.85 and a 200 day moving average price of $34.60. The business's quarterly revenue was up 8.3% compared to the same quarter a year ago. They expect $1.28 earnings per share, up 2.40% or $0.03 from last year's $1.25 per share. In the last earnings report the EPS was $3.63 and is projected to be $3.86 for the current year with 402,149,000 shares now outstanding.

Viacom Inc. - Class B also declared a dividend for shareholders paid on Monday October 2nd, 2017. Benzinga.com's news article titled: "3 Ways To Play China's Rate Decision" with publication date: October 09, 2017 was also an interesting one. Viacom's payout ratio is 21.98%. This will give analytical advantage to a shorter-term trader since it pursues the price more intimately, and consequently produces less "lag" as comparison to the longer-term moving average. MTV Networks connects with its audiences through its robust consumer products businesses and its more than three hundred interactive properties worldwide, including online, broadband, wireless and interactive television services and also has licensing agreements, joint ventures, and syndication deals whereby all of its programming services can be seen worldwide.



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