A number of other research firms also recently issued reports on VIAC. ValuEngine downgraded shares of ViacomCBS from a “sell” rating to a “strong sell” rating in a report on Monday, August 3rd. Zacks Investment Research upgraded shares of ViacomCBS from a “sell” rating to a “hold” rating and set a $25.00 price target on the stock in a report on Thursday, July 16th. Royal Bank of Canada increased their price objective on shares of ViacomCBS from $17.00 to $26.00 and gave the company a “sector perform” rating in a research note on Friday, August 7th. Citigroup lifted their target price on shares of ViacomCBS from $20.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Finally, Macquarie upped their target price on ViacomCBS from $18.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, June 19th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $31.30.
VIAC stock opened at $30.68 on Thursday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.33 and a current ratio of 1.56. The business has a 50-day simple moving average of $27.40 and a two-hundred day simple moving average of $21.61. The company has a market capitalization of $18.90 billion, a P/E ratio of 14.97, a price-to-earnings-growth ratio of 0.74 and a beta of 1.85. ViacomCBS has a 52-week low of $10.10 and a 52-week high of $44.07.
ViacomCBS (NASDAQ:VIAC) last posted its earnings results on Thursday, August 6th. The company reported $1.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.33. ViacomCBS had a return on equity of 20.89% and a net margin of 4.58%. The company had revenue of $6.28 billion for the quarter, compared to analyst estimates of $6.21 billion. During the same quarter last year, the company earned $1.48 earnings per share. The company’s revenue for the quarter was down 12.2% on a year-over-year basis. As a group, sell-side analysts forecast that ViacomCBS will post 4.05 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of VIAC. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of ViacomCBS in the second quarter valued at approximately $18,264,000. Principal Financial Group Inc. purchased a new position in ViacomCBS in the 2nd quarter valued at approximately $19,131,000. Ninety One UK Ltd purchased a new position in ViacomCBS in the 2nd quarter valued at approximately $2,320,000. Ninety One SA PTY Ltd bought a new stake in ViacomCBS during the 2nd quarter valued at $1,827,000. Finally, PNC Financial Services Group Inc. purchased a new stake in shares of ViacomCBS during the second quarter worth $3,177,000. 73.06% of the stock is currently owned by institutional investors.
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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