Nomura Says Viacom (VIAB) Stock "Really Cheap"
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Price: $24.22 --0%
Rating Summary:
19 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
19 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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With Viacom (NASDAQ: VIAB) trading near $50 per share, analysts at Nomura think the stock is "really cheap for patient investors".
Viacom recently reported Q4 earnings with EPS coming 4 cents ahead of estimates. Commenting on results, analyst Michael Nathanson said, "Management provided the foundation for a stronger 2013 performance."
"There is optimism that ratings will turn as easy compares and new programming talent come together. Further, Viacom is on track for very high high-single-digit to low-double-digit affiliate fee growth in 2013. Affiliate fees now contribute 42% of network revenues vs. less than 30% in 2008. Lastly, there is a continued commitment to buy back at least $2.5bn of its shares in FY13," added Nathanson.
Nomura Securities has a Buy rating on Viacom (NASDAQ: VIAB) with a revised price target of $57.00 (from $58.00).
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 $49.23 yesterday.
Viacom recently reported Q4 earnings with EPS coming 4 cents ahead of estimates. Commenting on results, analyst Michael Nathanson said, "Management provided the foundation for a stronger 2013 performance."
"There is optimism that ratings will turn as easy compares and new programming talent come together. Further, Viacom is on track for very high high-single-digit to low-double-digit affiliate fee growth in 2013. Affiliate fees now contribute 42% of network revenues vs. less than 30% in 2008. Lastly, there is a continued commitment to buy back at least $2.5bn of its shares in FY13," added Nathanson.
Nomura Securities has a Buy rating on Viacom (NASDAQ: VIAB) with a revised price target of $57.00 (from $58.00).
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 $49.23 yesterday.
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