A statement released earlier today by UBS about Viacom (NASDAQ:VIAB) bumps down the target price to $48.00
- Updated: September 22, 2016
Yesterday Viacom (NASDAQ:VIAB) traded -0.07% lower at $36.05. The company’s 50-day moving average is $40.82 and its 200-day moving average is $41.51. The last closing price is down -12.95% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 7,543,335 shares of the stock traded hands, up from an average trading volume of 3,470,500
UBS bumped down the target of Viacom (NASDAQ:VIAB) to $48.00 stating a potential upside of 0.33%.
On Wednesday September 21, 2016, Wunderlich released a statement for Viacom (NASDAQ:VIAB) bumped down the target price from $82.00 to $65.00 that suggested an upside of 0.80%.
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Viacom has a 52 week low of $30.11 and a 52 week high of $53.35 with a P/E ratio of 6.96 The company’s market cap is currently $0.
In addition to UBS reporting its stock price target, a total of 30 brokers have issued a research note 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 (NASDAQ:VIAB)
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 Company's 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.
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