Analysts at Credit Suisse Maintained their Past ‘”Buy”’ rating on Shares Viacom Inc (NASDAQ:VIAB), Set a $38.0 TP

January 23, 2018 - By Peter Erickson

 Analysts at Credit Suisse Maintained their Past ‘

Viacom Inc (NASDAQ:VIAB) Rating Reaffirmed

New York: In a note revealed to investors on Wednesday morning, Credit Suisse reaffirmed their “Buy” rating on Viacom Inc (NASDAQ:VIAB) shares. They now have a $38.0 TP on the company. Credit Suisse’s target would indicate a potential upside of 13.57 % from the company’s last stock price.

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 stock has “Hold” rating by Topeka Capital Markets on Wednesday, February 24. Telsey Advisory Group initiated it with “Outperform” rating and $66 target in Friday, February 5 report. As per Friday, August 7, the company rating was upgraded by Barclays Capital. The stock of Viacom, Inc. (NASDAQ:VIAB) has “Buy” rating given on Friday, August 7 by Wunderlich. The rating was downgraded by FBR Capital to “Mkt Perform” on Tuesday, November 15. The firm has “Neutral” rating given on Friday, July 22 by Atlantic Securities. The rating was maintained by Credit Suisse on Wednesday, November 1 with “Buy”. Topeka Capital Markets maintained the shares of VIAB in report on Wednesday, August 26 with “Hold” rating. The company was maintained on Friday, August 4 by Barclays Capital. The stock of Viacom, Inc. (NASDAQ:VIAB) earned “Hold” rating by Stifel Nicolaus on Monday, September 19.

The stock decreased 1.41% or $0.48 during the last trading session, reaching $33.46. About 1.86 million 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: which released: “Viacom, Inc. (VIAB) Catches Eye: Stock Jumps 9.6%” on January 15, 2018, also published article titled: “Disney Lights Fire Under CBS, Redstone”, published: “Viacom, Inc. Needs to Merge with CBS Corporation in Order to Survive” on January 19, 2018. More interesting news about Viacom, Inc. (NASDAQ:VIAB) was released by: and their article: “Shari Redstone explores adding new CBS directors: WSJ” with publication date: January 18, 2018.

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