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A statement released earlier today by Wunderlich about Viacom Inc. (NASDAQ:VIAB) drops the target price to $65.00

Yesterday Viacom Inc. (NASDAQ:VIAB) traded -0.07% lower at $36.05. Viacom Inc.’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 Standard & Poor's 500 Index which has decreased -0.01% over the same period. Volume of trade was up over the average, with 7,543,335 shares of VIAB changing hands over the typical 3,470,500

In a statement issued on 09/21/2016 Wunderlich reduced the target of Viacom Inc. (NASDAQ:VIAB) from $82.00 to $65.00 indicating a possible upside of 0.80%.

Performance Chart

Viacom Inc. (NASDAQ:VIAB)

Viacom Inc. has PE ratio of 6.96 with a one year low of $30.11 and a one year high of $53.35 and has a total market value of $0.

A total of 30 equity analysts have released a ratings update on VIAB. Five analysts rating the company a strong buy, nine analysts rating the company a buy, eighteen analysts rating the company a hold, 4 firms rating the stock a underperform, and finally 1 firm rating the stock a sell with a consensus target price of $47.27.

About Viacom Inc. (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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