As Viacom (VIAB) Shares Rose, Shareholder Oldfield Partners Llp Decreased Stake

Viacom Inc. (NASDAQ:VIAB) Corporate Logo

In 2018Q3 Securities and Exchange form is reported Oldfield Partners Llp’s stake in Viacom (VIAB) which was reduced by 6.02%. By selling 303,900 shares Oldfield Partners Llp made the stock popped up with 1.10%. The television services company at the end of 2018Q3 was valued at $160.22 million. It’s down from 5.05M at the end of the previous reported quarter. Now it had 4.75M shares held by the institutional investor . Viacom has $12.22 billion MC. VIAB reached $29.96 during the last trading session after $0.52 change.Currently Viacom Inc. is downtrending after 0.84% change in last January 14, 2018. VIAB has 1.16 million shares volume. The stock underperformed the S&P500 by 0.84%.

About $6.57B and $974.07M US Long portfolio Oldfield Partners Llp manages. According to a filing the fund upped its stake in Telekomunikasi Ind. (NYSE:TLK) by 560,870 shares to 2.07M shares, valued at $50.72 million in 2018Q3. Oldfield Partners Llp has risen its stake in Infosys Ltd (NYSE:INFY) and also increased its holding in Ternium Sa (NYSE:TX) by 224,266 shares in the quarter, for a total of 1.87M shares.

Viacom Inc. (NASDAQ:VIAB)’s earnings release is awaited by WallStreet on February, 14, according to Faxor. Analysts forecast $1.01 EPS. That’s $0.02 down or 1.94 % from 2018’s earnings of $1.03. In case of $1.01 EPS VIAB’s profit could hit $411.85M. 2.02 % EPS growth is what Wall Street’s predicts after $0.99 reported EPS last quarter.

For more Viacom Inc. (NASDAQ:VIAB) news published briefly go to: Nasdaq.com, Fool.com, Nasdaq.com, Bizjournals.com or Investorplace.com. The titles are as follows: “Viacom (VIAB) Down 10.2% Since Last Earnings Report: Can It Rebound? – Nasdaq” published on December 16, 2018, “The Only 2 Numbers You Need to Prove Netflix Is Dominating Hollywood – The Motley Fool” on January 13, 2019, “Look Under The Hood: SHE Has 23% Upside – Nasdaq” with a publish date: January 03, 2019, “Challenges, opportunities abound for TV broadcasters amid changing landscape – Chicago Business Journal” and the last “Is There an Upside Surprise Coming for Facebook Stock? – Investorplace.com” with publication date: January 11, 2019.

Viacom Inc. (NASDAQ:VIAB) Ratings Coverage

Total analysts of 7 have positions in Viacom (NASDAQ:VIAB) as follows: 3 rated it a “Buy”, 0 with “Sell” and 4 with “Hold”. The positive are 43%. Since July 31, 2018 according to StockzIntelligence Inc Viacom has 9 analyst reports. In Monday, November 5 report UBS downgraded it to “Neutral” rating and $34 target. On Monday, October 15 the firm earned “Equal-Weight” rating by Morgan Stanley. In Wednesday, November 21 report Citigroup maintained it with “Neutral” rating and $31 target. On Friday, January 11 the company was upgraded by Imperial Capital. On Thursday, September 20 Macquarie Research upgraded the shares of VIAB in report to “Outperform” rating. On Tuesday, October 23 the stock of Viacom Inc. (NASDAQ:VIAB) has “In-Line” rating given by Imperial Capital. In Tuesday, July 31 report Pivotal Research upgraded the stock to “Buy” rating. On Thursday, November 29 the stock has “Hold” rating by Goldman Sachs.

Viacom Inc. (NASDAQ:VIAB) Analyst Ratings Chart

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