Viacom Inc Receives a Sell from RBC Capital

By Ryan Adsit

RBC Capital analyst Steven Cahall reiterated a Sell rating on Viacom Inc (NASDAQ: VIAB) today and set a price target of $30. The company’s shares opened today at $35.14, close to its 52-week low of $33.44.

According to, Cahall is a 3-star analyst with an average return of 1.8% and a 49.6% success rate. Cahall covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Regal Entertainment, and Caci International.

Viacom Inc has an analyst consensus of Hold, with a price target consensus of $40.20.

Based on Viacom Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $3.26 billion and quarterly net profit of $121 million. In comparison, last year the company earned revenue of $3 billion and had a net profit of $303 million.

Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VIAB in relation to earlier this year. Most recently, in February 2017, Scott Mills, the EVP and CAO of VIAB sold 7,283 shares for a total of $322,054.

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Viacom, Inc. is a global entertainment content company, which connects with audiences through compelling television programs, motion pictures, short-form video, applications, games, brands for consumer products, social media and other entertainment content. The company operates business through the following business segments: Media Networks and Filmed Entertainment. The Media Networks segment provides entertainment content and related branded products for consumers in targeted demographics attractive to advertisers, content distributors and retailers. It creates, acquires and distributes programming and other content to its audiences across multiple platforms. The Media Networks segment produces, finances, acquires and distributes motion pictures, television programming and other entertainment content under the Paramount Pictures, Paramount Vantage, Paramount Classics, Insurge Pictures, MTV Films, Nickelodeon Movies and Paramount Television brands. Viacom was founded by Sumner M. Redstone on December 31, 2005 and is headquartered in New York, NY.