Other research analysts have also recently issued research reports about the stock. Bank of America started coverage on shares of ViacomCBS in a research note on Friday, December 13th. They issued a “buy” rating and a $60.00 target price for the company. Wells Fargo & Co reiterated a “sell” rating on shares of ViacomCBS in a research note on Monday, March 2nd. UBS Group cut their target price on shares of ViacomCBS from $40.00 to $31.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Zacks Investment Research cut shares of ViacomCBS from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. Finally, Guggenheim reiterated a “buy” rating and issued a $35.00 target price on shares of ViacomCBS in a research note on Friday, March 6th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $41.50.
Shares of VIAC opened at $13.99 on Wednesday. The company has a market capitalization of $9.05 billion, a PE ratio of 2.41, a price-to-earnings-growth ratio of 0.20 and a beta of 1.44. The company has a current ratio of 1.32, a quick ratio of 1.00 and a debt-to-equity ratio of 1.50. ViacomCBS has a 12 month low of $10.10 and a 12 month high of $53.71. The business’s 50-day simple moving average is $24.42.
ViacomCBS (NASDAQ:VIAC) last posted its earnings results on Thursday, February 20th. The company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.43). ViacomCBS had a net margin of 11.49% and a return on equity of 27.78%. The firm had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter last year, the firm posted $1.50 EPS. The business’s revenue was down 3.1% on a year-over-year basis. On average, analysts expect that ViacomCBS will post 5.51 earnings per share for the current fiscal year.
In other ViacomCBS news, Director Charles E. Phillips, Jr. bought 16,025 shares of the stock in a transaction on Tuesday, March 17th. The stock was purchased at an average price of $12.42 per share, with a total value of $199,030.50. Following the acquisition, the director now owns 65,449 shares of the company’s stock, valued at $812,876.58. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Frederick Terrell bought 5,000 shares of the stock in a transaction on Wednesday, March 11th. The shares were acquired at an average cost of $20.00 per share, with a total value of $100,000.00. Following the acquisition, the director now directly owns 9,408 shares in the company, valued at approximately $188,160. The disclosure for this purchase can be found here. In the last three months, insiders purchased 24,525 shares of company stock valued at $374,281. 0.56% of the stock is currently owned by company insiders.
ViacomCBS Inc operates as a mass media company worldwide. The company operates in four segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment distributes a schedule of news and public affairs broadcasts, and sports and entertainment programming; produces, acquires, and/or distributes programming, including series, specials, news, and public affairs; operates online content networks for information and entertainment; produces theatrical films; and digital streaming services.
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