Could Viacom, Inc. Gain Strenght? Option Traders Don’t Think So

 Could Viacom, Inc. Gain Strenght? Option Traders Don't Think So

In today’s session Viacom, Inc. (VIAB) recorded an unusually high (2,015) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious VIAB decrease. With 2,015 contracts traded and 15154 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: VIAB161216P00032500 closed last at: $1.05 or 12.5% down. About 297,059 shares traded hands. Viacom, Inc. (NASDAQ:VIAB) has declined 7.03% since March 15, 2016 and is downtrending. It has underperformed by 12.52% 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 $411.89 million for 8.88 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 27 analysts covering Viacom Inc. (NASDAQ:VIAB), 12 rate it a “Buy”, 0 “Sell”, while 15 “Hold”. This means 44% are positive. $87 is the highest target while $26 is the lowest. The $50.46 average target is 39.28% above today’s ($36.23) stock price. Viacom Inc. has been the topic of 65 analyst reports since August 7, 2015 according to StockzIntelligence Inc. MoffetNathanson downgraded Viacom, Inc. (NASDAQ:VIAB) on Monday, April 4 to “Neutral” rating. The company was maintained on Friday, August 7 by Topeka Capital Markets. RBC Capital Markets upgraded Viacom, Inc. (NASDAQ:VIAB) on Friday, June 17 to “Sector Perform” rating. The company was maintained on Wednesday, February 24 by Topeka Capital Markets. The stock has “Market Perform” rating given by Wells Fargo on Friday, August 7. The rating was maintained by Topeka Capital Markets on Monday, November 30 with “Hold”. The rating was maintained by Wedbush on Friday, April 29 with “Neutral”. The stock of Viacom, Inc. (NASDAQ:VIAB) earned “Outperform” rating by Wedbush on Monday, October 17. The firm has “Hold” rating by Topeka Capital Markets given on Wednesday, December 23. The stock of Viacom, Inc. (NASDAQ:VIAB) has “Hold” rating given on Monday, September 19 by Stifel Nicolaus.

According to Zacks Investment Research, “Viacom is a leading global entertainment content company whose family of prominent and respected brands includes the multiplatform properties of MTV Networks, BET Networks, Paramount Pictures, Paramount Home Entertainment and DreamWorks. MTV Networks, a unit of Viacom, is one of the world’s leading creators of programming and content across all media platforms. MTV Networks connects with its audiences through its robust consumer products businesses and its more than three hundred interactive properties worldwide, including online, broadband, wireless and interactive television services and also has licensing agreements, joint ventures, and syndication deals whereby all of its programming services can be seen worldwide.”

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 $14.63 billion. The Firm operates through two divisions: Media Networks and Filmed Entertainment. It has a 6.99 P/E ratio. Viacom Media Networks’ program services reached approximately 700 million households in over 160 countries.

VIAB Company Profile

Viacom Inc. (Viacom), incorporated on September 22, 2005, is an entertainment content firm that connects with audiences in over 160 countries and territories and creates television programs, motion pictures, short-form video, applications, games, consumer products, social media and other entertainment content. The Firm operates through two divisions: Media Networks and Filmed Entertainment. Viacom Media Networks’ program services reached approximately 700 million households in over 160 countries. Viacom Media Networks operates the international extensions of the multimedia brands MTV, VH1, Nickelodeon, Comedy Central and BET, as well as certain program services. The Company’s Filmed Entertainment segment produces, finances, acquires and distributes motion pictures and other entertainment content. Under the Paramount Pictures, Paramount Vantage, Paramount Classics, Insurge Pictures, MTV Films and Nickelodeon Movies brands.

More recent Viacom, Inc. (NASDAQ:VIAB) news were published by: Businesswire.com which released: “Viacom Inc. to Report Quarterly and Fiscal Year 2016 Financial Results on …” on October 10, 2016. Also Investorplace.com published the news titled: “Trade of the Day: Viacom, Inc. (NASDAQ:VIAB)” on September 28, 2016. Marketwatch.com‘s news article titled: “Viacom shares dip after company issues Q4 profit warning, cuts dividend” with publication date: September 21, 2016 was also an interesting one.

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