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Guggenheim downgraded Viacom (NASDAQ:VIAB) from Buy to Neutral in a report released today.

Yesterday Viacom (NASDAQ:VIAB) traded -3.95% lower at $25.21. The company’s 50-day moving average is $27.68 and its 200-day moving average is $34.40. The last stock close price is down -29.61% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 6,753,416 shares of the stock were exchanged, up from an average trading volume of 5,133,570

Guggenheim has downgraded Viacom (NASDAQ:VIAB) from Buy to Neutral in a report released on Thursday October 12, 2017.

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Viacom has a 52 week low of $23.45 and a 52 week high of $46.72 with a P/E ratio of 6.66 The company’s market cap is currently $0.

In addition to Guggenheim reporting its target price, a total of 30 firms have reported on the stock. The consensus target price is $47.27 with 5 firms rating the stock a strong buy, 9 firms rating the stock a buy, 18 firms rating the stock a hold, 4 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.

About Viacom (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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