Barclays Cuts ViacomCBS (NASDAQ:VIAC) Price Target to $30.00

ViacomCBS (NASDAQ:VIAC) had its target price reduced by Barclays from $41.00 to $30.00 in a report issued on Monday, AnalystRatings.com reports. They currently have an equal weight rating on the stock.

Several other equities analysts have also recently weighed in on VIAC. BMO Capital Markets assumed coverage on shares of ViacomCBS in a research report on Tuesday, January 7th. They set a market perform rating and a $41.00 price objective on the stock. Wells Fargo & Co assumed coverage on shares of ViacomCBS in a research report on Friday, February 21st. They set an underweight rating and a $25.00 price objective on the stock. Deutsche Bank assumed coverage on shares of ViacomCBS in a research report on Tuesday, December 17th. They set a buy rating and a $60.00 price objective on the stock. Sanford C. Bernstein assumed coverage on shares of ViacomCBS in a research report on Wednesday, January 29th. They set an underperform rating and a $33.00 price objective on the stock. Finally, Needham & Company LLC assumed coverage on shares of ViacomCBS in a research report on Wednesday, December 18th. They set a buy rating and a $50.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $42.25.

ViacomCBS stock opened at $24.44 on Monday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.00 and a current ratio of 1.32. The firm has a market capitalization of $9.50 billion, a price-to-earnings ratio of 4.21, a price-to-earnings-growth ratio of 0.47 and a beta of 1.27. ViacomCBS has a 1 year low of $24.41 and a 1 year high of $53.71. The business has a 50 day simple moving average of $35.68.

ViacomCBS (NASDAQ:VIAC) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.97 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($0.43). ViacomCBS had a return on equity of 27.78% and a net margin of 11.49%. The business had revenue of $6.87 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter last year, the firm posted $1.50 EPS. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. Analysts predict that ViacomCBS will post 5.43 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 16th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Friday, March 13th. ViacomCBS’s dividend payout ratio is currently 19.16%.

About ViacomCBS

ViacomCBS Inc operates as a mass media company worldwide. The company operates in four segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment distributes a schedule of news and public affairs broadcasts, and sports and entertainment programming; produces, acquires, and/or distributes programming, including series, specials, news, and public affairs; operates online content networks for information and entertainment; produces theatrical films; and digital streaming services.

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Analyst Recommendations for ViacomCBS (NASDAQ:VIAC)

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