What’s Ahead for Viacom, Inc. After Today’s Bearish Options Activity?

 What's Ahead for Viacom, Inc. After Today's Bearish Options Activity?

In today’s session Viacom, Inc. (VIAB) recorded an unusually high (2,004) 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 2,004 contracts traded and 64824 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: VIAB161216P00035000 closed last at: $1.05 or 4.5% down. About 239,802 shares traded hands. Viacom, Inc. (NASDAQ:VIAB) has declined 0.03% since April 8, 2016 and is downtrending. It has underperformed by 5.67% the S&P500.

Viacom, Inc. (NASDAQ:VIAB) Ratings Coverage

Out of 28 analysts covering Viacom Inc. (NASDAQ:VIAB), 12 rate it a “Buy”, 0 “Sell”, while 16 “Hold”. This means 43% are positive. $87 is the highest target while $26 is the lowest. The $49.81 average target is 29.65% above today’s ($38.42) stock price. Viacom Inc. has been the topic of 67 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was upgraded by Wedbush on Monday, October 17 to “Outperform”. The firm earned “Hold” rating on Wednesday, December 23 by Topeka Capital Markets. As per Friday, August 7, the company rating was downgraded by Wells Fargo. The stock has “Overweight” rating given by Barclays Capital on Friday, August 7. As per Wednesday, October 7, the company rating was maintained by Topeka Capital Markets. The company was downgraded on Monday, April 4 by MoffetNathanson. The firm earned “Hold” rating on Monday, September 19 by Stifel Nicolaus. Wunderlich maintained it with “Buy” rating and $56 target price in Friday, October 21 report. The stock has “Buy” rating given by Wunderlich on Friday, June 17. The stock of Viacom, Inc. (NASDAQ:VIAB) has “Overweight” rating given on Monday, September 26 by Barclays Capital.

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 $15.72 billion. The Firm operates through two divisions: Media Networks and Filmed Entertainment. It has a 7.41 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 notable recent Viacom, Inc. (NASDAQ:VIAB) news were published by: Investorplace.com which released: “Viacom, Inc. (VIA,VIAB) Releases Q4 Earnings Report” on November 09, 2016, also Nasdaq.com with their article: “Earnings Reaction History: Viacom Inc. CL B, 70.0% Follow-Through Indicator, 4 …” published on November 09, 2016, Wsj.com published: “Sony to Drop Viacom Channels from Streaming TV Service” on November 08, 2016. More interesting news about Viacom, Inc. (NASDAQ:VIAB) were released by: Nasdaq.com and their article: “Viacom Inc. Bottom Line Declines 56% In Q4” published on November 09, 2016 as well as Marketwatch.com‘s news article titled: “Viacom has hired financial advisers to evaluate a merger with CBS” with publication date: October 14, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment