Viacom (VIAB) : 24 analysts are covering Viacom (VIAB) and their average rating on the stock is 2.46, which is read as a Buy. 9 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 12 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Viacom (VIAB) : The consensus price target for Viacom (VIAB) is $47.17 for the short term with a standard deviation of $11.85. The most optimist securities analyst among the 18 who monitor the stock believes that the stock can reach $82, however, the pessimist price target for the company is $26.
Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm Telsey Advisory Group downgrades its rating on Viacom (NASDAQ:VIAB). The rating major has initiated the coverage with market perform rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on August 26, 2016.
Viacom (NASDAQ:VIAB): The stock opened at $39.5 and touched an intraday high of $41.4 on Wednesday. During the day, the stock corrected to an intraday low of $39.38, however, the bulls stepped in and pushed the price higher to close in the green at $40.54 with a gain of 2.53% for the day. The total traded volume for the day was 3,994,421. The stock had closed at $39.54 in the previous trading session.
Viacom Inc. (Viacom) 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, games, consumer products, social media and other entertainment content. The Company operates through two segments: Media Networks and Filmed Entertainment. Viacom Media Networks program services reached approximately 700 million households in over 160 countries. Viacom Media Networks operates the international extensions of the multimedia brands MTV, VH1, Nickelodeon, Comedy Central and BET, as well as certain program services. The Companys Filmed Entertainment segment produces, finances, acquires and distributes motion pictures and other entertainment content. under the Paramount Pictures, Paramount Vantage, Paramount Classics, Insurge Pictures, MTV Films and Nickelodeon Movies brands.