Stifel Nicolaus downgraded Viacom Inc. (NASDAQ:VIAB) from Buy to Hold in a report released today.
- Updated: September 19, 2016
Yesterday Viacom Inc. (NASDAQ:VIAB) traded 0.72% lower at $37.00. Viacom Inc.’s 50-day average is $42.03 and its two hundred day average is $41.55. With the last close down 10.94% relative to the 200-day average, compared to the S&P 500 Index which has fallen -0.01% over the same period. 4,220,439 shares of Viacom Inc. were exchanged, up from ann average trading volume of 3,608,870.
Stifel Nicolaus has downgraded Viacom Inc.(NASDAQ:VIAB) from Buy to Hold in a statement released 9/19/2016.
On 9/13/2016, Brean Murray released a statement about Viacom Inc.(NASDAQ:VIAB) upped the target price from $0.00 to $44.00 that suggested an upside of 0.17%.
See Graph Below:
A total of 30 brokers have issued a report on VIAB. Five analysts rate the company a strong buy, nine firms rate the company a buy, 18 analyts rate the company a hold, four analysts rate the company to underperform, and lastly one analystrate the stock as sell with a consensus target stock price of $47.27
Viacom Inc. has a price-earnings of 7 with a one-year low of $30.11 and a 52 week high of $53.35. The company’s total market value is currently $0.0.
More 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, and MTV Films and Nickelodeon Movies brands.
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