Viacom (VIA) Stock Rating Upgraded by TheStreet

Viacom (NASDAQ:VIA) was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating in a research note issued on Friday.

Separately, B. Riley upgraded shares of Viacom from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 26th.

Shares of NASDAQ:VIA opened at $36.54 on Friday. The company has a market capitalization of $14.86 billion, a PE ratio of 9.46 and a beta of 1.27. The company has a quick ratio of 1.41, a current ratio of 1.69 and a debt-to-equity ratio of 1.42. Viacom has a 12 month low of $28.20 and a 12 month high of $40.64.

Viacom (NASDAQ:VIA) last issued its earnings results on Thursday, August 9th. The company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.07 by $0.11. The company had revenue of $3.24 billion during the quarter. Viacom had a net margin of 15.65% and a return on equity of 23.53%.

A number of hedge funds have recently added to or reduced their stakes in the stock. FMR LLC increased its position in Viacom by 12.8% during the 2nd quarter. FMR LLC now owns 1,243,221 shares of the company’s stock worth $44,072,000 after purchasing an additional 141,300 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Viacom by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 81,132 shares of the company’s stock worth $2,875,000 after purchasing an additional 2,570 shares in the last quarter. James Investment Research Inc. acquired a new position in Viacom during the 2nd quarter worth approximately $1,968,000. Northern Trust Corp increased its position in Viacom by 75.9% in the 2nd quarter. Northern Trust Corp now owns 43,966 shares of the company’s stock valued at $1,558,000 after acquiring an additional 18,975 shares during the period. Finally, UBS Group AG increased its position in Viacom by 8.0% in the 1st quarter. UBS Group AG now owns 42,689 shares of the company’s stock valued at $1,690,000 after acquiring an additional 3,173 shares during the period. Institutional investors and hedge funds own 2.22% of the company’s stock.

About Viacom

Viacom, Inc operates media brands that create entertainment content worldwide. The company creates television programs, motion pictures, short-form content, games, consumer products, podcasts, live events, and social media experiences. It operates through two segments, Media Networks and Filmed Entertainment.

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