Stock Update: Viacom, Inc. (NASDAQ:VIAB)

[Seeking Alpha] Viacom, Inc. (NASDAQ:VIAB) falls after Citigroup cuts its rating on the company to Sell, a two-notch slide from the previous ratings perch at Buy.Citi slashes the price target on Viacom to $62 from $88.The investment firm sees a risk that Dish Network might drop Viacom after the current carriage fee deal expires.In other smaller cable deals, the impact on EBITDA from lower programming fees more than offset revenue lost from subscriber defections.M&A could save the day for Viacom, notes Citi. To view the full article click here.

Viacom, Inc. (NASDAQ:VIAB), On 11/13/2014, VIAB reported 4 quarter 2014 earnings of $1.71 per share. This result was in-line with the consensus of the 31 analysts following the company and beat last year’s 4 quarter results by 10.32%.The next earnings announcement is expected on 01/29/2015.

Viacom, Inc. (VIAB)‘s PE ratio is among the lowest of any stock in the Motion Pictures industry and signals that investors have not been willing to pay a premium for this company’s business prospects.

In terms of ratings, there are thirty analysts that cover the stock which have provided Q1 2015 earnings per share estimates. The consensus anticipated number for the upcoming quarter is $1.34. The highest estimate is $1.46 while the lowest is $1.27. The company has a one year EPS growth rate of 11.70%.

Viacom, Inc. (VIAB) is an entertainment content company that connects with audiences in over 160 countries and territories and creates compelling television programs, motion pictures, short-form video, applications (apps), games, consumer products, social media and other entertainment content. The Company operates through two segments: Media Networks and Filmed Entertainment. In September 2014, Viacom International Media Networks (VIMN), a division of Viacom Inc. acquired Channel 5 Broadcasting Limited from Northern & Shell Media Group.