Stifel downgraded Viacom (NASDAQ:VIAB) from Buy to Hold in a statement released earlier today.
- Updated: September 18, 2016
Yesterday Viacom (NASDAQ:VIAB) traded 0.72% lower at $37.00. The company’s 50-day moving average is $42.03 and its 200-day average is $41.55. With the last stock price close down 10.94% relative to the 200-day moving average, compared to the S&P 500 Index which has decreased -0.01% over the date range. Trading volume was was up over the average, with 4,220,439 shares of VIAB changing hands over the typical 3,608,870 shares..
Stifel has downgraded Viacom(NASDAQ:VIAB) from Buy to Hold in a statement released 9/19/2016.
On 9/13/2016, Brean Murray reported on Viacom(NASDAQ:VIAB) bumped the target price from $0.00 to $44.00 that indicated a possible upside of 0.17%.
See Graph Below:
Also covering Viacom’s stock price target, a total of 30 brokerages have issued a ratings update on VIAB. The average target stock price is $47.27 with five firms rating the stock a strong buy, nine analysts rating the company a buy, 18 firms rating the stock a hold, four analysts rating the stock to underperform, and lastly one brokerage rating the company as sell.
Viacom has a 52 week low of $30.11 and a 52 week high of $53.35 with a price-earnings ratio of 7 and has a market cap of $0.0.
General Company Details For 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, and MTV Films and Nickelodeon Movies brands.
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