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.

More news: No evidence border patrol agents were attacked
More news: Kylie Jenner is officially a mom
More news: Kylie Jenner announces daughter's birth after months of secrecy

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, 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%.

Related News:

Most liked

Bank of England gearing up to increase interest rates
The UK has just gone through a period, lasting almost nine years, during which interest rates were held at record low levels. Today, the price of crude oil has soared to the highest level in three years, which could affect the country's inflation.

Trump asks Pentagon to hold a military parade in DC
"We've been putting together some options", Defence Secretary James Mattis told reporters during a White House press briefing. Democratic Congressman Keith Ellison described Trump's order as "the Exalted Leader's latest idiot [and authoritarian] idea".

Salma Hayek gives Oprah new horrifying details about Harvey Weinstein's behavior
The film went on to win an Academy Award , and it was a huge price to pay for Hayek who said Weinstein sexually assaulted her. Also, Oprah has a podcast , because I guess she wanted to try being less successful than Kevin Smith at something.

USA airstrike repels attack by Syrian regime-backed troops
CENTCOM reports that no Americans were injured as they engaged roughly 500 attacking troops, as well as tanks and artillery. While no US troops were reportedly killed, according to NBC News , Syrian state-run media said dozens died or were wounded.

Officials discuss arrest of suspect wanted for widely shared child porn video
Authorities have identified and charged the suspect in a viral video showing a young girl performing oral sex on a man. Alabama police, where Moore surrendered said his wife was also detained but was not cooperating, the article stated.

Children Have Died From the Flu in New York City
The severity of this year's flu season can be observed through the stark increase in emergency room visits for flu-like symptoms. Department of Consumer Affairs Commissioner Lorelei Salas also reminded New Yorkers they have the right to sick leave.

Indian Quack May Have Infected an Entire Village with HIV
The Indian Medical Association estimates that about 45% of the people in India who practice medicine have no formal training. Twenty-one cases of the virus have been confirmed after the local government ordered screenings at the end of January.

Danilo welcomes "important" rest period for Manchester City players

Eagles QB starting 2018 season 'realistic'
He's been the go-to for Foles when he gets to the sideline, and has been involved in daily preparation in quarterback meetings. The skinny: In a rematch from Super Bowl XXXIX, these two No. 1 conference seeds will battle for the Lombardi Trophy.

Weekend winter weather expected to leave Asheville with snow, ice accumulation
For areas south of I-81, warm air will quickly flood into the storm, so any snow changes to sleet and then rain. Most the FOX8 viewing area will be under a Winter Weather Advisory from early Sunday morning until 10 a.m.

Puerto Rican voter registration drive gets state help
Booher insisted on Wednesday that FEMA was not backtracking on its food and water aid plans in response to public criticism. An emergency loan for the island's government to help it distribute aid has been held up by FEMA and the U.S.

ICC launches probe after weird dismissals in private UAE league
Former Pakistan captain Salman Butt has suffered many tenacious and hard moments in his global cricket career. The league included a few former worldwide players and a number of expatriates from South Asian countries.

Can Unit-Dose Packaging Reduce Opioid Abuse?
That is what happened with products containing pseudoephedrine, which can be used to make methamphetamine. They published a paper in the Annals of Emergency Medicine in 2015 that described two loperamide deaths.

Harley Davidson Sales Decline, Motorcycle Manufacturer Closing Kansas City Assembly Plant
The stock now shows its YTD (Year to Date) performance of -0.08 percent, whereas its Weekly performance stands at -5.97%. Also, there are 1 buy, 0 sell and 2 strong sell ratings, collectively assigning a 2.94 average brokerage recommendation.

Volkswagen Denies Involvement in Animal Cruelty in Monkey Experiment
VW supervisory board Hans Dieter Pötsch said that "whoever is responsible for this will of course take the consequences". The New York Times on Friday said the scientific study involving monkeys was conducted in 2014.

Most Commented