Company Update: Viacom Inc (NASDAQ:VIAB) – comScore and Viacom Ink Transformational Multi-Year Deal for Cross-Platform Measurement

[Business Wire] – Viacom and comScore today announced a breakthrough multi-year partnership for cross-platform measurement, which marks the first cross-platform deal for the newly merged comScore and Rentrak. Read more on this. Viacom, Inc. (VIAB) , valued at $16.31B, began trading this morning at $41.70. Looking at the stock, its one day range is $40.69 to $42.30 and has traded between $30.11 and $73.52 over the past year. VIAB shares are currently priced at 7.96x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 22.17x forward p/e ratio. The company pays shareholders $1.60 per share annually in dividends, yielding 4.12%. Consensus earnings for the current quarter by the 34 sell-side analysts covering the stock is an estimate of $0.94 per share, which would be $0.22 worse than the year-ago quarter and a $0.29 sequential decrease. The full-year EPS estimate is $5.21 which would be a $0.23 setback than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.04 Billion. If realized, that would be a 1.30% decrease over the year-ago quarter. Recently, Citigroup upgraded VIAB from Neutral to Buy (Feb 16, 2016). Previously, Telsey Advisory Group Initiated VIAB at to Outperform. The average price target for VIAB shares by the analysts covering it is $47.59, which is 14.12% above where the stock opened. See more in (NASDAQ:VIAB) Similar Articles: Market Update: Viacom Inc (NASDAQ:VIAB) – Nickelodeon Greenlights First New Global Series to be Produced in the Viacom International Studios in Miami Market Update: Viacom Inc (NASDAQ:VIAB) – CBS, Viacom exec chair Redstone’s compensation cut in 2015-CNBC Company Update: Viacom Inc (NASDAQ:VIAB) – AT&T and Viacom agree to new satellite, Internet TV distribution deal