Follow The Short Interest: Is Viacom Class B (NASDAQ:VIAB) a Buy? The Stock Reported more Sellers

November 18, 2016 - By Darrin Black   ·   0 Comments

Follow The Short Interest: Is Viacom Class B (NASDAQ:VIAB) a Buy? The Stock Reported more Sellers

The stock of Viacom Class B (NASDAQ:VIAB) registered an increase of 0.5% in short interest. VIAB’s total short interest was 12.15 million shares in November as published by FINRA. Its up 0.5% from 12.09 million shares, reported previously. With 4.30 million shares average volume, it will take short sellers 3 days to cover their VIAB’s short positions. The short interest to Viacom Class B’s float is 3.42%. About 1.48M shares traded hands. Viacom, Inc. (NASDAQ:VIAB) has declined 0.67% since April 18, 2016 and is downtrending. It has underperformed by 5.10% the S&P500.

Viacom Inc. is an entertainment content firm that connects with audiences in over 160 countries and territories and creates compelling television programs, motion pictures, short-form video, applications, games, consumer products, social media and other entertainment content. The company has a market cap of $15.20 billion. The Firm operates through two divisions: Media Networks and Filmed Entertainment. It has a 10.55 P/E ratio. Viacom Media Networks’ program services reached approximately 700 million households in over 160 countries.

Viacom, Inc. (NASDAQ:VIAB) Ratings Coverage

Out of 28 analysts covering Viacom Inc. (NASDAQ:VIAB), 10 rate it a “Buy”, 0 “Sell”, while 18 “Hold”. This means 36% are positive. Viacom Inc. has been the topic of 69 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Wunderlich given on Friday, October 21. The firm has “Outperform” rating given on Wednesday, November 25 by FBR Capital. On Thursday, January 14 the stock rating was initiated by Drexel Hamilton with “Hold”. Wells Fargo downgraded the shares of VIAB in a report on Monday, July 11 to “Underperform” rating. Bank of America upgraded Viacom, Inc. (NASDAQ:VIAB) on Thursday, October 13 to “Buy” rating. As per Tuesday, November 15, the company rating was downgraded by FBR Capital. The rating was initiated by Telsey Advisory Group with “Outperform” on Friday, February 5. The stock of Viacom, Inc. (NASDAQ:VIAB) earned “Hold” rating by Zacks on Tuesday, August 11. Topeka Capital Markets maintained the shares of VIAB in a report on Friday, August 7 with “Hold” rating. The stock of Viacom, Inc. (NASDAQ:VIAB) has “Underweight” rating given on Tuesday, February 23 by Atlantic Securities.

VIAB Company Profile

Viacom Inc. (Viacom), incorporated on September 22, 2005, is an entertainment content firm that connects with audiences in over 160 countries and territories and creates television programs, motion pictures, short-form video, applications, games, consumer products, social media and other entertainment content. The Firm operates through two divisions: Media Networks and Filmed Entertainment. Viacom Media Networks’ program services reached approximately 700 million households in over 160 countries. Viacom Media Networks operates the international extensions of the multimedia brands MTV, VH1, Nickelodeon, Comedy Central and BET, as well as certain program services. The Company’s Filmed Entertainment segment produces, finances, acquires and distributes motion pictures and other entertainment content. Under the Paramount Pictures, Paramount Vantage, Paramount Classics, Insurge Pictures, MTV Films and Nickelodeon Movies brands.

More recent Viacom, Inc. (NASDAQ:VIAB) news were published by: Reuters.com which released: “Viacom buys Argentine broadcaster from Telefonica for $345 million” on November 15, 2016. Also Reuters.com published the news titled: “Viacom revenue misses expectations as ad sales fall” on November 09, 2016. Reuters.com‘s news article titled: “Exclusive: Ahead of CBS/Viacom deal talks, sticking points emerge – source…” with publication date: November 15, 2016 was also an interesting one.

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By Darrin Black


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