Is Buying Stock Like Viacom, Inc. Good Idea After Today’s Bullish Options Activity?

 Is Buying Stock Like Viacom, Inc. Good Idea After Today's Bullish Options Activity?

In today’s session Viacom, Inc. (VIAB) registered an unusually high (400) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious VIAB increase. With 400 contracts traded and 16694 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: VIAB170120C00042500 closed last at: $0.85 or 0% . The stock last traded at $37.6 per share. It is down 6.33% since March 29, 2016 and is downtrending. It has underperformed by 9.80% the S&P500.

Analysts await Viacom, Inc. (NASDAQ:VIAB) to report earnings on November, 10. They expect $1.02 EPS, down 33.77% or $0.52 from last year’s $1.54 per share. VIAB’s profit will be $409.63M for 9.22 P/E if the $1.02 EPS becomes a reality. After $1.05 actual EPS 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 $50.12 average target is 33.30% above today’s ($37.6) stock price. Viacom Inc. has been the topic of 66 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Wedbush maintained Viacom, Inc. (NASDAQ:VIAB) rating on Friday, April 29. Wedbush has “Neutral” rating and $46 price target. On Friday, August 7 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of Viacom, Inc. (NASDAQ:VIAB) has “Buy” rating given on Friday, August 7 by Stifel Nicolaus. The rating was maintained by Topeka Capital Markets with “Hold” on Wednesday, December 23. The rating was maintained by Credit Suisse on Friday, November 13 with “Outperform”. UBS maintained the shares of VIAB in a report on Thursday, September 22 with “Buy” rating. UBS maintained it with “Buy” rating and $50 target price in Monday, June 20 report. Societe Generale upgraded Viacom, Inc. (NASDAQ:VIAB) on Thursday, January 21 to “Buy” rating. On Tuesday, September 13 the stock rating was upgraded by Brean Capital to “Buy”. The rating was downgraded by Goldman Sachs on Monday, October 5 to “Neutral”.

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 $15.10 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.

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: Marketwatch.com which released: “Viacom has hired financial advisers to evaluate a merger with CBS” on October 14, 2016. Also Bloomberg.com published the news titled: “Viacom International Chief Bob Bakish May Serve as Interim CEO” on October 27, 2016. Finance.Yahoo.com‘s news article titled: “Viacom Inc. to Report Quarterly and Fiscal Year 2016 Financial Results on …” with publication date: October 10, 2016 was also an interesting one.

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