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Viacom Inc. (NDAQ:VIAB) has been downgraded from Buy to Neutral in a statement by Guggenheim earlier today.

Having a price of $24.62, Viacom Inc. (NDAQ:VIAB) traded -3.95% lower on the day. With the last stock price down -29.61% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.03% over the same period. VIAB has recorded a 50-day average of $27.68 and a two hundred day average of $34.40. Trade Volume was up over the average, with 6,753,416 shares of VIAB changing hands over the typical 5,133,570

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

Recent Performance Chart

Viacom Inc. (NDAQ:VIAB)

Viacom Inc. has PE ratio of 6.66 with a one year low of $23.45 and a one year high of $46.72 and has a market capitalization of $0.

A total of 30 brokerages have issued a ratings update on Viacom Inc.. Five brokerages rating the company a strong buy, nine brokerages rating the company a buy, eighteen brokerages rating the company a hold, four brokerages rating the company a underperform, and finally one brokerage rating the company a sell with a 12-month price target of $47.27.

General Company Details For Viacom Inc. (NDAQ: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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