Guggenheim Cuts Rating On Viacom Inc. - Class B (VIAB)

Sterneck Capital Management LLC's holdings in Viacom were worth $3,478,000 as of its most recent filing with the Securities and Exchange Commission (SEC). When we look at the Volatility of the company, Week Volatility is at 2.93% whereas Month Volatility is at 2.32%. Five brokerages rating the company a strong buy, nine brokerages rating the company a buy, eighteen brokerages rating the company a hold, four brokerages rating the company a underperform, and finally one brokerage rating the company a sell with a 12-month price target of $47.27. Piper Jaffray Companies reiterated a hold rating and set a $40.00 price target on shares of Viacom in a research note on Tuesday, September 26th. Analysts reported that the Price Target for Viacom, Inc. might touch $52 high while the Average Price Target and Low price Target is $36.96 and $24 respectively.

Viacom, Inc. (NASDAQ:VIAB) notched a -1.37% intraday decline moving at $25.21. Eight research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company's stock. The stock has an average rating of Hold and a consensus price target of $39.92.

In a week growing tough for media stocks, Guggenheim has cut ratings on AMC Networks (AMCX -6.8%), Viacom (VIA -3.4%, VIAB -2.5%) and Disney (DIS -1.6%) amid talk of hot competition in an environment where pay TV continues to lose subscribers (see AT&T's preliminary announcement, for example). The volume of 17.94 Million shares climbed down over an trading activity of 5.14 Million shares.

An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings. The Return on Equity (ROE) value stands at 30.8%. Its revenue totaled $3.29 billion up 1.19% from the previous quarter. First Personal Financial Services now owns 3,268 shares of the company's stock worth $110,000 after buying an additional 182 shares during the last quarter. For the next 5 years, Viacom, expecting Growth of 5.72% per annum, whereas in the past 5 years the growth was -3.73% per annum. "(VIAB) Lowered to Sell at Citigroup Inc." was reported by BBNS and is the property of of BBNS. If you are viewing this piece on another domain, it was illegally stolen and reposted in violation of United States & global copyright legislation. The original version of this article can be accessed at

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. This represents a $0.80 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Thursday, September 14th. Viacom's dividend payout ratio (DPR) is 21.98%. Wall Street is only getting more bullish on the stock, with 10 of analysts who cover VIAB having a buy-equivalent rating. For the quarter, shares have been noted at -29.66%. Toronto Dominion Bank now owns 119,287 shares of the company's stock valued at $4,003,000 after purchasing an additional 25,521 shares during the last quarter. Cleararc Capital Inc. lifted its stake in shares of Viacom by 0.9% in the 1st quarter. Finally, Moors & Cabot Inc. lifted its stake in shares of Viacom by 0.7% in the 2nd quarter. Andra AP fonden boosted its stake in Viacom by 5.7% in the 2nd quarter.

Like this


14 October 2017
Tom Brady's shoulder injury not scaring off our experts yet
The Jets are playing some good football right now, as they are riding a three-game winning streak. The Patriots aren't getting pressure on the quarterback or getting stops in the red zone.

14 October 2017
Sketches of Lankesh's murder suspects released
When we look at the Kalburgi case, there are similarities and dissimilarities and hence, nothing can be said conclusively. He also added that the police have investigated 200-250 people in connection with the case.

14 October 2017
Aditya Pancholi to file defamation case against Kangana Ranaut
She revealed that Pancholi would abuse her and keep her under house arrest for days when she was struggling as an actor. Acccording to Times of India report, the couple were not happy with Kangana's response to their previous legal notice.

14 October 2017
Canadian family rescued from Taliban face fresh fight - with the in-laws
CNN, quoting an unidentified senior United States official, said Boyle balked because he feared possible arrest on American soil. Pakistan said Thursday it rescued the family after their captors moved them across the border from Afghanistan .

14 October 2017
Tom Brady on Shoulder Injury: 'I'm Good. Not Worried About It'
They can't do that against the Patriots, because if they do, they will lose, even against one of the worst defenses in the NFL. But the Pats may have a bigger problem looming - Tom Brady is 40 years old and he is getting hit more than ever.

14 October 2017
Imran terms Ahsan Iqbal's recent statement 'part of Dawn Leaks agenda'
In another tweet he blamed ousted prime minister Nawaz Sharif and Finance Miniser Ishaq Dar for crushing "the nation under debt for generations to come.

14 October 2017
Featured Stock: Kratos Defense & Security Solutions, Inc. (KTOS)
The Beta for the company stands at 1.92 and its Average True Range (ATR) shows a value of 0.41. (NASDAQ:CSCO) for 225,989 shares. At present, 0 analysts call it Sell, while 2 think it is Hold. 19,443 are owned by Huntington Steele Limited Liability Corp.

14 October 2017
Psychedelic mushrooms 'reset' brain
To that end, a larger trial is planned, in which the effects of psilocybin will be compared to those of a leading antidepressant . Twenty patients received psilocybin - the psychoactive compound in a group of mushrooms that cause hallucinations.

14 October 2017
Analyst EPS Estimates Coverage: Canadian Pacific Railway Limited (CP)
The Mawer Investment Management Ltd holds 3.11 million shares with $251.83 million value, down from 3.32 million last quarter. The stock of Canadian Pacific Railway Limited (USA) (NYSE:CP) earned "Equal-Weight" rating by Stephens on Tuesday, March 15.

14 October 2017
Newcastle Done Deal: Mikel Merino joins permanently from Borussia Dortmund
The 21-year-old Spanish midfielder has now signed a five-year deal with the St James' Park outfit for an undisclosed fee. The Spain Under-21 global midfielder has started six matches in the Premier League for the Magpies so far this campaign.