Barrington Research Downgrades Viacom (NASDAQ: VIAB) Due to High Valuation

August 10, 2012 1:19 PM EDT
Get Alerts VIAB Hot Sheet
Price: $39.80 +0.10%

Rating Summary:
    15 Buy, 25 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
Trade VIAB Now!
Join SI Premium – FREE
Barrington Research downgraded Viacom (NASDAQ: VIAB) from Outperform to Market Perform.

“While the stock has been range bound recently, it is now trading around a 52-week high,” said analyst James C. Goss. “Operational challenges in both major business sectors have caused us to take our estimates down to more conservative levels. The resulting impact on our target price calculations suggests a reduction in our rating is in order. While current operations indicate somewhat higher prices are possible, the upside is insufficient to justify our top rating at the current time.”

Barrington’s estimate for fiscal 2013 is now $4.70, previously $5.05, and for 2014 the estimate is $5.75.

For an analyst ratings summary and ratings history on Viacom click here. For more ratings news on Viacom click here.

Shares of Viacom closed at $49.79 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS View, Downgrades

Add Your Comment