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Bank of America Corp. announced Viacom, Inc. (NASDAQ:VIAB), bumping up its stock price target to $44.00 today

In a report released on 10/13/2016 Bank of America Corp. increased the stock price target of Viacom, Inc. (NASDAQ:VIAB) from $30.11 to $44.00 reporting a possible upside of 0.25%.

Previously on 9/27/2016, Wedbush reported on Viacom, Inc. (NASDAQ:VIAB) reduced the target price from $44.00 to $40.00. At the time, this indicated a possible upside of 0.15%.

Just yesterday Viacom, Inc. (NASDAQ:VIAB) traded 0.50% higher at $35.12. Viacom, Inc.’s 50-day moving average is $37.56 and its 200-day moving average is $41.03. The last closing price is down -12.25% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 4,680,586 shares of VIAB traded hands, up from an average trading volume of 3,813,920

Recent Performance Chart

Viacom, Inc. (NASDAQ:VIAB)

Viacom, Inc. has 52 week low of $30.11 and a 52 week high of $53.35 with a PE ratio of 6.93 and has a market capitalization of $0.

In addition to Bank of America Corp. 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.

Brief Synopsis On 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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