A statement released earlier today by Brean Capital about Viacom, Inc. (NASDAQ:VIAB) bumps down the target price to $40.00
- Updated: November 29, 2016
Indicating a possible upside of 0.08%, Brean Capital bumped down the target of Viacom, Inc. (NASDAQ:VIAB) to $40.00
Previously on 3/07/2016, Telsey Advisory Group reported on Viacom, Inc. (NASDAQ:VIAB) reduced the target price from $66.00 to $60.00. At the time, this indicated a possible upside of 0.55%.
Yesterday Viacom, Inc. (NASDAQ:VIAB) traded 0.43% higher at $36.95. The company’s 50-day moving average is $37.16 and its 200-day moving average is $40.40. The last closing price is down -8.54% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time period. 0 shares of the stock traded hands, down from an average trading volume of 3,999,170
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Viacom, Inc. has a 52 week low of $30.11 and a 52 week high of $50.18 with a P/E ratio of 10.22 The company’s market cap is currently $0.
In addition to Brean Capital reporting its stock price target, a total of 30 brokers have issued a report on the company. The average stock price target is $47.27 with 5 brokers rating the stock a strong buy, 9 brokers rating the stock a buy, 18 brokers rating the stock a hold, 4 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.
General Information About Viacom, Inc. (NASDAQ:VIAB)
Viacom Inc. offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries. The Company operates through two segments: Media Networks and Filmed Entertainment. The Media Networks segment creates, acquires and distributes programming and other content for audiences The Media Networks segment provides entertainment content and related branded products for advertisers, content distributors and retailers. The Filmed Entertainment segment produces, finances, acquires and distributes motion pictures, television programming and other entertainment content under the Paramount Pictures, Paramount Vantage, Paramount Classics, Paramount Animation, Insurge Pictures, Nickelodeon Movies, MTV Films and Paramount Television brands.
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