Market Update: Viacom Inc (NASDAQ:VIAB) – CBS, Viacom exec chair Redstone’s compensation cut in 2015-CNBC

[Reuters] – Media mogul Sumner Redstone’s compensation as executive chairman of CBS Corp and Viacom Inc was reduced for 2015, CNBC reported, citing sources. The 92-year-old billionaire’s physical and mental health … Read more on this. Viacom, Inc. (VIAB) , currently valued at $16.10B, opened at $39.60. Looking at the equity, the company’s one day range is $39.47 to $40.67 with its 52-week range being $36.32 to $77.89. Priced at 6.76x this year’s forecasted earnings, VIAB shares are relatively inexpensive compared to the industry’s 20.74x forward p/e ratio. And for passive income investors, the company pays shareholders $1.60 per share annually in dividends, yielding 4.10%. In a review of the consensus earnings estimate this quarter, 31 sell-side analysts are looking at $1.19 per share, which would be $0.10 worse than the year-ago quarter and a $0.26 sequential decrease. The full-year EPS estimate is $5.80, which would be a $0.36 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.27 Billion. If reported, that would be a 2.10% decrease over the year-ago quarter. Recently, Barclays upgraded VIAB from Underweight to Overweight (Aug 7, 2015). Previously, Wells Fargo downgraded VIAB from Outperform to Market Perform. The average price target for VIAB shares by the analysts covering the stock is $59.09, which is 49.22% above where the stock opened this morning. See more in (NASDAQ:VIAB) Similar Articles: Company Update: Viacom Inc (NASDAQ:VIAB) – Viacom and TiVo Research Announce Strategic Partnership Company Update: Viacom Inc (NASDAQ:VIAB) – AT&T and Viacom agree to new satellite, Internet TV distribution deal Company Update: Viacom Inc (NASDAQ:VIAB) – Viacom Acquires 50% Stake in Indian Regional Networks