Viacom, Inc. Add to portfolio

B. Riley upgraded shares of Viacom (NASDAQ:VIA) from a neutral rating to a buy rating in a research report released on Wednesday, September 26th. The company had a trading volume of 34,200 shares, compared to its average volume of 40,292. Viacom has a twelve month low of $28.20 and a twelve month high of $40.64. California Public Employees Retirement System now owns 10,348 shares of the company’s stock worth $410,000 after acquiring an additional 3,065 shares in the last quarter.

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This second wave of selling may not be as easily stopped as the first one was, now that traders realize the kind of battle they’ll have to fight just to help stocks hold their ground. Headed into Friday’s action, it’s the stock charts of Kinder Morgan (NYSE:KMI), Danaher (NYSE:DHR) and Viacom (NASDAQ:VIAB) that look like they have the most to offer traders. Kinder Morgan is a name we’ve looked at more than a few times of late, waiting to see if it will break above a key technical ceiling at $18.37. • Danaher has already broken below the rising support line, plotted in white with a dashed line, though the 200-day moving average plotted with a solid white line is still holding up as a floor. For the second time in two weeks, though, the bears are working on breaking it.

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B. Riley upgraded shares of Viacom (NASDAQ:VIA) from a neutral rating to a buy rating in a research report sent to investors on Wednesday, September 26th. Viacom has a 1 year low of $28.20 and a 1 year high of $40.64. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.41 and a current ratio of 1.69. UBS Group AG now owns 42,689 shares of the company’s stock worth $1,690,000 after purchasing an additional 3,173 shares during the period.

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Analysts expect Viacom, Inc. (NASDAQ:VIAB) to report $0.98 EPS on November, 15.They anticipate $0.21 EPS change or 27.27 % from last quarter’s $0.77 EPS. VIAB’s profit would be $398.98 million giving it 8.52 P/E if the $0.98 EPS is correct. Viacom, Inc. (NASDAQ:VIAB) has risen 9.33% since October 18, 2017 and is uptrending. Among 6 analysts covering Viacom Inc (NASDAQ:VIAB), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive.

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Viacom has filed suit against Netflix Inc. , accusing the streaming company of poaching a TV production executive, according to a report in Variety. Netflix announced last week it had hired Viacom veteran Momita SenGupta as vice president of physical production for its original series, but Viacom alleges in the suit that Netflix induced her to break her contract, which ends in 2020. "Netflix has signaled that it has no intention of complying with the law, and that its illegal attempts to induce Viacom employees to break their contracts without consequence will not be limited to SenGupta," Viacom attorney Anthony J. Oncidi alleged. This isn't a first for Netflix; in 2016, 20th Century Fox also sued Netflix for hiring two of its employees before their contracts ended.

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Zacks Investment Research lowered shares of Viacom (NASDAQ:VIAB) from a buy rating to a hold rating in a research report sent to investors on Monday morning. The stock currently has a consensus rating of Hold and a consensus price target of $34.70. The firm has a market capitalization of $13.60 billion, a price-to-earnings ratio of 8.43, a P/E/G ratio of 1.26 and a beta of 1.48. BlackRock Inc. now owns 25,401,036 shares of the company’s stock valued at $766,096,000 after acquiring an additional 1,098,601 shares in the last quarter. Northern Trust Corp grew its position in Viacom by 3.6% in the 2nd quarter. Northern Trust Corp now owns 4,514,314 shares of the company’s stock valued at $136,151,000 after acquiring an additional 157,206 shares in the last quarter.

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Viacom (VIA) (VIAB) is exploring a different path from those of many of its peers struggling with the loss of pay-TV customers because of cord-cutting. Instead of battling the technology companies rattling the traditional media industry, Viacom has chosen to work with them. For example, last month, the company announced a deal to produce exclusive Nickelodeon series for Netflix (NFLX), the company that popularized online video streaming and ended up putting legacy media companies in a tight spot with the loss of pay-TV subscribers.

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B. Riley also issued estimates for Viacom’s Q1 2019 earnings at $1.28 EPS, FY2019 earnings at $4.47 EPS and FY2020 earnings at $4.51 EPS. Finally, Pivotal Research raised shares of Viacom from a hold rating to a buy rating and reduced their target price for the stock from $34.00 to $32.00 in a research note on Tuesday, July 31st. During the same quarter in the previous year, the company posted $1.17 EPS. As a group, sell-side analysts forecast that Viacom will post 4.09 EPS for the current fiscal year. Berkshire Asset Management LLC PA now owns 215,522 shares of the company’s stock valued at $6,500,000 after purchasing an additional 1,771 shares during the period.

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Viacom Inc. (NASDAQ: VIAB, VIA) announced today that on Friday, November 16, 2018, it will issue financial results for the quarter and fiscal year ending September 30, 2018. An audio replay of the call will be available beginning at 12:00 p.m. (ET) on November 16 in the Events/Webcasts section of Viacom’s website, and at 844-512-2921 (domestic) or 412-317-6671 (international) using PIN number 13683784. Viacom is home to premier global media brands that create compelling entertainment content – including television programs, motion pictures, short-form content, games, consumer products, podcasts, live events and social media experiences – for audiences in 183 countries. Viacom's media networks, including Nickelodeon, Nick Jr., MTV, BET, Comedy Central, Paramount Network, VH1, TV Land, CMT, Logo, Channel 5 (UK), Telefe (Argentina), Colors (India) and Paramount Channel, reach approximately 4.3 billion cumulative television subscribers worldwide.

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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities.

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