13.57 % to Target, Credit Suisse Reiterates ‘”Buy”’ Rating on Viacom Inc (NASDAQ:VIAB) Shares Today

January 23, 2018 - By Jan Rainey

 13.57 % to Target, Credit Suisse Reiterates ‘

Viacom Inc (NASDAQ:VIAB) Rating Reaffirmed

Stock analysts at Credit Suisse now has a $38.0 target on Viacom Inc (NASDAQ:VIAB). Credit Suisse and their recent target suggests a potential upside of 13.57 % from the company’s previous close. The rating has been revealed to clients and investors in a note on Wednesday, 1 November.

Viacom, Inc. (NASDAQ:VIAB) Ratings Coverage

Among 39 analysts covering Viacom Inc. (NASDAQ:VIAB), 12 have Buy rating, 4 Sell and 23 Hold. Therefore 31% are positive. Viacom Inc. has $87 highest and $24.0 lowest target. $39.15’s average target is 17.01% above currents $33.46 stock price. Viacom Inc. had 123 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Buy” on Monday, June 26. The firm has “Outperform” rating by Barrington Research given on Thursday, August 13. Stifel Nicolaus maintained Viacom, Inc. (NASDAQ:VIAB) on Friday, August 7 with “Buy” rating. The stock has “Buy” rating by TheStreet on Monday, August 10. Deutsche Bank maintained Viacom, Inc. (NASDAQ:VIAB) on Monday, May 2 with “Hold” rating. FBR Capital downgraded the stock to “Mkt Perform” rating in Tuesday, November 15 report. The stock of Viacom, Inc. (NASDAQ:VIAB) earned “Hold” rating by Stifel Nicolaus on Monday, September 19. The rating was maintained by FBR Capital on Thursday, May 25 with “Hold”. On Friday, August 7 the stock rating was downgraded by Wells Fargo to “Market Perform”. The stock of Viacom, Inc. (NASDAQ:VIAB) earned “Buy” rating by Bank of America on Friday, November 17.

The stock decreased 1.41% or $0.48 during the last trading session, reaching $33.46. About 1.86M shares traded. Viacom, Inc. (NASDAQ:VIAB) has declined 8.36% since January 23, 2017 and is downtrending. It has underperformed by 25.06% the S&P500.

Analysts await Viacom, Inc. (NASDAQ:VIAB) to report earnings on February, 8 before the open. They expect $1.00 EPS, down 3.85 % or $0.04 from last year’s $1.04 per share. VIAB’s profit will be $410.94 million for 8.37 P/E if the $1.00 EPS becomes a reality. After $0.77 actual EPS reported by Viacom, Inc. for the previous quarter, Wall Street now forecasts 29.87 % EPS growth.

Viacom, Inc. operates as media brand worldwide. The company has market cap of $13.75 billion. The firm creates television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences, and other entertainment content for audiences. It has a 7.15 P/E ratio. It operates through two divisions, Media Networks and Filmed Entertainment.

More important recent Viacom, Inc. (NASDAQ:VIAB) news were published by: Investorplace.com which released: “Viacom, Inc. Needs to Merge with CBS Corporation in Order to Survive” on January 19, 2018, also Cnbc.com published article titled: “Shari Redstone explores adding new CBS directors: WSJ”, Bloomberg.com published: “Disney Lights Fire Under CBS, Redstone” on January 17, 2018. More interesting news about Viacom, Inc. (NASDAQ:VIAB) was released by: Nasdaq.com and their article: “Viacom, Inc. (VIAB) Catches Eye: Stock Jumps 9.6%” with publication date: January 15, 2018.

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