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BofA Merrill disclosed Viacom (NASDAQ:VIAB), hiking its target price to $44.00 today

Yesterday Viacom (NASDAQ:VIAB) traded 1.20% higher at $35.12. The company’s 50-day moving average is $37.87 and its 200-day moving average is $41.09. The last closing price is down -13.51% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,980,766 shares of the stock were exchanged, down from an average trading volume of 3,734,300

Viacom (NASDAQ:VIAB) had its target price raised to $44.00 by BofA Merrill in a report released 10/13/2016. The new target price indicates a possible upside of 0.25% based on the company's last closing price.

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

See Chart Below

Viacom (NASDAQ:VIAB)

Viacom has a 52 week low of $30.11 and a 52 week high of $53.35 with a P/E ratio of 6.84 The company’s market cap is currently $0.

In addition to BofA Merrill reporting its target price, a total of 30 brokers have issued a report on the stock. The consensus target price 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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