Economy

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, Inc.is 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 https://stocknewstimes.com/2017/10/13/viacom-inc-viab-downgraded-by-guggenheim-to-neutral.html.

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

loading...
loading...

Latest


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
First Republic Bank Q3 Profit Advances 20%
Current levels places First Republic Bank (NYSE:FRC)'s stock about -7.94% from the 50-day high and 5.61% away from the 50-day low. COPYRIGHT VIOLATION NOTICE: This story was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal.

14 October 2017
Exports rise for 13th straight month, grow 25.67% in September
Iron ore has in recent years been the biggest export, while cotton is another fast-growing export commodity. In rupee terms, exports grew by 21.35% year-on-year (YoY) to Rs Rs. 184,387.36 crore this month.

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
Merck & Company, Inc. (MRK) Given Outperform Rating at BMO Capital Markets
The Company offers health solutions through its prescription medicines, vaccines, biologic therapies and animal health products. In looking the SMA 200 we see that the stock has seen a 17.45%.The Company's net profit margin for the 12 months at 0.60%.

14 October 2017
QUALCOMM Incorporated (QCOM) Shares Bought by Keystone Financial Planning Inc
The insider LIVERMORE ANN M bought 9,000 shares worth $491,286. (NASDAQ:QCOM) was sold by ROGERS ALEXANDER H on Tuesday, May 30. ValuEngine downgraded shares of QUALCOMM from a buy rating to a hold rating in a research note on Saturday, June 24th.

14 October 2017
Top Lashkar terrorist killed in Kashmir
On October 11, two terrorists were killed in an encounter with the security forces in Bandipora district's Hajin area. The security forces had to fire at the violent crowd that had assembled following the call from the mosque.

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
North Korea threat: Guam again in Kim Jong-un's sights
The North has vowed to bolster its nuclear and missile programs despite increasing US -led pressure on the country. A small quake on September 23 was thought to be an aftershock of the nuclear test earlier in the month.

14 October 2017
Trump's Iran deal could designate Iran's Revolutionary Guard as terrorists
According to the Iranian official, the most recent threats made by Trump about Iran will lead the United States to "regret". The new sanctions included four entities, including a Chinese company, for its relationship with the Revolutionary Guards.