Oldfield Partners LLP lifted its position in shares of Viacom Inc.
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Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend.
Last month, Viacom reached a deal with Charter Communications (CHTR.O) to put eight of its most popular networks in Charter's cheapest US cable bundle, after Charter had put some channels in its more expensive packages. The firm owned 272,737 shares of the company's stock after purchasing an additional 14,206 shares during the period. (NASDAQ:VIAB) news were published by: Nasdaq.com which released: "Sarah Ketterer Buys Viacom Inc, Sabre Corp, Canadian Imperial Bank of Commerce ..." on November 15, 2017, also Seekingalpha.com with their article: "Viacom - Content Remains King" published on October 26, 2017, Reuters.com published: "Gabelli suggests Viacom float part of its global business" on November 14, 2017. First Mercantile Trust Co. now owns 3,428 shares of the company's stock worth $115,000 after buying an additional 54 shares during the last quarter. Vanguard Group Inc is the second biggest holder with 29 million shares now valued at 972.33 million whilst Capital World Investors has 16 million shares valued at 534.40 million. Finally, Delta Asset Management LLC TN lifted its holdings in shares of Viacom by 12.2% in the second quarter. Delta Asset Management LLC TN now owns 4,358 shares of the company's stock valued at $146,000 after purchasing an additional 475 shares in the last quarter.
Several analysts recently issued reports on VIAB shares.
You already know the glass-half-empty take: Viacom, controlled by the billionaire Redstone family, is the weakest of the major TV-and-film-content companies, both in terms of its strategic positioning in the industry and its financial health. Telsey Advisory Group maintained it with "Market Perform" rating and $47 target in Friday, August 26 report. Finally, Loop Capital reiterated a "hold" rating and set a $32.00 price target (down from $36.00) on shares of Viacom in a research note on Monday, September 25th.
The consensus recommendation, according to Zacks Investment research, is 2.68. The stock has an average rating of "Hold" and an average target price of $38.85.
More notable recent Viacom, Inc. 9,955,614 shares of the stock were exchanged, compared to its average volume of 4,974,850.
The New York media company reported adjusted earnings a share of 77 cents, which fell well short of analysts' expectations of 86 cents. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.35 and a quick ratio of 1.11. Viacom Inc. has a 1-year low of $22.88 and a 1-year high of $46.72.
Viacom (NASDAQ:VIAB) last announced its quarterly earnings results on Thursday, November 16th.
The company's overall revenues rose 3% to $3.32 billion and operating income grew 112% to $705 million, helped along by strong worldwide growth. Return on Equity (ROE) stands at 30.8% and Return on Investment (ROI) of 12.4 percent.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd.