Viacom (NASDAQ:VIAB) has been upgraded from Hold to Buy in a report by Drexel Hamilton today.
- Updated: February 11, 2017
Boasting a price of $42.07, Viacom (NASDAQ:VIAB) traded -0.55% lower on the day. With the last stock price close up 12.60% from the two hundred day average, compared with the S&P 500 Index which has increased 0.06% over the date range. Viacom has recorded a 50-day average of $39.55 and a two hundred day average of $38.77. Volume of trade was up over the average, with 6,258,805 shares of VIAB changing hands over the typical 4,135,620
Drexel Hamilton has upgraded Viacom (NASDAQ:VIAB) from Hold to Buy in a statement released on 2/9/2017.
On 2/6/2017, Wedbush released a statement for Viacom (NASDAQ:VIAB) bumped up the target price from $39.00 to $41.00 that suggested a downside of -0.02%.
With a total market value of $0, Viacom has price-earnings ratio of 12.07 with a one year low of $33.51 and a one year high of $46.69 .
A total of 30 equity analysts have released a ratings update on VIAB. Five equity analysts rating the company a strong buy, nine equity analysts rating the company a buy, eighteen equity analysts rating the company a hold, four equity analysts rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $47.27.
Brief Synopsis 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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