Viacom (NASDAQ:VIAB) Rating Increased to Hold at BidaskClub

AM ET Tax Gains Lift Viacom Net Despite Lower Revenue Cable network domestic ad revenue down 5

BMO Capital Markets restated a "hold" rating and set a $30.00 price objective on shares of Viacom in a report on Wednesday, October 18th. The average volume was noted at 5808.65K shares while its relative volume was seen at 0.9. (NASDAQ:VIAB) stock volatility was recorded 4.69% which for the previous full month was noted 4.88%. The analyst also forecast that US affiliate fee revenue could fall 9.4 percent on such recent carriage renewals as with Charter Communications. The Lower end of the earnings estimate is $0.91, while the higher end of the earnings estimate is $1.23. The adjusted diluted earnings per share of 1.03 cents was down from a year-earlier $1.00.

The segment's domestic revenues fell 6% to $1.93 billion while worldwide revenues grew 18% to $631 million.

Several analysts are forecasting growth estimate of Viacom, Inc. for the current quarter to be -9.6%.

Domestic affiliate revenue was down 8% to $907 million because of subscriber declines and lower SVOD revenue. The business's quarterly revenue was down 7.6% on a year-over-year basis. (VIAB) worth $483.36 million at the end of the most recent reporting period. Viacom presently has an average rating of "Hold" and an average target price of $34.85. Analysts reported that the Price Target for Viacom, Inc. might touch $46 high while the Average Price Target and Low price Target is $31.38 and $23 respectively. The stock price dropped with downswing change of -3.50% when it was compared to 20-day moving average. Simple moving average analysis helps investors to quickly identify if a security is in an uptrend or downtrend. First Mercantile Trust Co. now owns 3,428 shares of the company's stock valued at $115,000 after purchasing an additional 54 shares during the last quarter. The company has a current ratio of 1.55, a quick ratio of 1.30 and a debt-to-equity ratio of 1.81. The bigger the return, the more efficient management is in utilizing its asset base.

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In the transaction dated February 15, 2017, the great number of shares disposed came courtesy the EVP and CAO; Mills Scott disposed a total of 7,283 shares at an average price of $44.23, amounting to approximately $322,127. (NASDAQ:VIAB) attains returns on investment ratio of 14.50%, which suggests it's viable on security that has lesser ROI. An increasing ROE indicates that a company is improving its ability to make profit without requiring as much capital. Viacom had a return on equity of 28.95% and a net margin of 14.13%. By looking at the Volatility of the company, Week Volatility is at 8.11%, whereas Month Volatility stands at 5.80%. For the next 5 years, Viacom, Inc.is expecting Growth of 3.5% per annum, whereas in the past 5 years the growth was -6.48% per annum.

Technical analysis is as a method that applies to take a guess of future price trends through analyzing market action. Highland Capital Management LP owns 1.02% invested in Visa Inc.

Viacom's revenue for the quarter was down 7.6% compared to the same quarter last year. sell-side analysts anticipate that Viacom will post 3.85 earnings per share for the current fiscal year.

While looking at the Stock's Performance, Viacom, Inc. now shows a Weekly Performance of -8.71%, where Monthly Performance is 4.56%, Quarterly performance is 26.18%, 6 Months performance is -0.84% and yearly performance percentage is -26.78%. Narrow down focus to firm performance, its weekly performance was -5.13% and monthly performance was 7.39%.

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