Viacom, Inc. Draws Bearish Options Activity Today


 Viacom, Inc. Draws Bearish Options Activity Today

In today’s session Viacom, Inc. (VIAB) recorded an unusually high (633) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious VIAB decrease. With 633 contracts traded and 21664 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: VIAB170120P00037500 closed last at: $2.75 or 11.3% down. The stock decreased 0.29% or $0.11 during the last trading session, hitting $37.58. About 4.97M shares traded hands or 8.28% up from the average. Viacom, Inc. (NASDAQ:VIAB) has risen 0.27% since March 2, 2016 and is uptrending. It has underperformed by 8.98% the S&P500.

Analysts await Viacom, Inc. (NASDAQ:VIAB) to report earnings on November, 10. They expect $1.02 earnings per share, down 33.77% or $0.52 from last year’s $1.54 per share. VIAB’s profit will be $406.59M for 9.21 P/E if the $1.02 EPS becomes a reality. After $1.05 actual earnings per share reported by Viacom, Inc. for the previous quarter, Wall Street now forecasts -2.86% negative EPS growth.

Viacom, Inc. (NASDAQ:VIAB) Ratings Coverage

Out of 26 analysts covering Viacom Inc. (NASDAQ:VIAB), 10 rate it a “Buy”, 1 “Sell”, while 15 “Hold”. This means 38% are positive. Viacom Inc. has been the topic of 62 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Drexel Hamilton on Thursday, January 14. The rating was maintained by Topeka Capital Markets with “Hold” on Thursday, November 12. Deutsche Bank maintained the shares of VIAB in a report on Monday, May 2 with “Hold” rating. The stock of Viacom, Inc. (NASDAQ:VIAB) earned “Buy” rating by UBS on Monday, June 20. The stock has “Overweight” rating given by Barclays Capital on Monday, September 26. As per Tuesday, October 13, the company rating was maintained by RBC Capital Markets. The company was downgraded on Monday, October 5 by Goldman Sachs. Topeka Capital Markets maintained the stock with “Hold” rating in Wednesday, August 26 report. Deutsche Bank downgraded Viacom, Inc. (NASDAQ:VIAB) rating on Monday, November 23. Deutsche Bank has “Hold” rating and $56 price target. The rating was maintained by Citigroup with “Neutral” on Friday, August 14.

Viacom Inc. is an entertainment content firm that connects with audiences in over 160 countries and territories and creates compelling television programs, motion pictures, short-form video, applications, games, consumer products, social media and other entertainment content. The company has a market cap of $14.98 billion. The Firm operates through two divisions: Media Networks and Filmed Entertainment. It has a 7.25 P/E ratio. Viacom Media Networks’ program services reached approximately 700 million households in over 160 countries.

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