Viacom (VIAB) : The consensus on Viacom (VIAB) based on 23 analyst recommendation on the company stock is 2.26, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 10 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 11 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Viacom (VIAB).
Viacom (VIAB) : 18 Wall Street analysts covering Viacom (VIAB) believe that the average level the stock could reach for the short term is $49.39. The maximum price target given is $87 and the minimum target for short term is around $38, hence the standard deviation is calculated at $10.84.
Viacom (NASDAQ:VIAB): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.79 and $40.25 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.42. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.38, notching a gain of 0.75% for the day. The total traded volume was 3,246,122 . The stock had closed at $41.07 on the previous day.
Also, Brokerage firm UBS maintains its rating on Viacom (NASDAQ:VIAB). In a research note issued to the investors, the brokerage major lowers price-target of $50 per share.The shares have been rated Buy. The rating by the firm was issued on June 20, 2016. The company shares have dropped -32.86% from its 1 Year high price. On Jul 8, 2015, the shares registered one year high at $62.74 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $42.36 and the 200 Day Moving Average price is recorded at $40.58.
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.