Viacom Reports First Quarter Results and Provides Strategic Update
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February 10, 2017 7:13 AM EST
Instinet raised its price target on Viacom (NASDAQ: VIAB) to $45.00 (from $40.00) while maintaining a Neutral rating.
Analyst Anthony DiClemente commented, "This morning, Viacoms President and CEO, Bob Bakish, clearly delivered a five-point strategy to energize and improve Viacoms brand and... More
February 9, 2017 8:30 AM EST
Wells Fargo upgraded Viacom (NASDAQ: VIAB) from Market Perform to Outperform and raised its valuation range to $48-50 from $38-40 following results this morning which they said prove the turnaround has begun.
Analyst Marci Ryvicker commented, "We dont do this often upgrade on a first look at numbers. But, todays results prove to us that the turnaround is real... More
February 9, 2017 7:01 AM EST
Viacom (NASDAQ: VIAB) reported Q1 EPS of $1.04, $0.20 better than the analyst estimate of $0.84. Revenue for the quarter came in at $3.32 billion versus the consensus estimate of $3.18 billion.
Bob Bakish, President and Chief Executive Officer, said, "Today we share a strategy that will enable Viacom to realize the full potential of its... More
