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Viacom (NASDAQ:VIAB) has been upgraded from Market Perform to Outperform in a statement by Wells Fargo today.

Wells Fargo has upgraded Viacom (NASDAQ:VIAB) from Market Perform to Outperform in a report released on 02/09/2017.

Previously on 02/06/2017, Wedbush released a statement about Viacom (NASDAQ:VIAB) increased the target price from $39.00 to $41.00. At the time, this indicated a possible downside of -0.02%.

Just yesterday Viacom (NASDAQ:VIAB) traded -0.55% lower at $42.07. Viacom’s 50-day moving average is $39.55 and its 200-day moving average is $38.77. The last stock price is up 12.60% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.06% over the same time period. 6,258,805 shares of VIAB traded hands, up from an average trading volume of 4,135,620

Recent Performance Chart

Viacom (NASDAQ:VIAB)

Viacom has 52 week low of $33.51 and a 52 week high of $46.69 with a PE ratio of 12.07 and has a market capitalization of $0.

In addition to Wells Fargo reporting its stock price target, a total of 30 brokerages have issued a ratings update on the company. The average stock price target is $47.27 with 5 brokerages rating the stock a strong buy, 9 brokerages rating the stock a buy, 18 brokerages rating the stock a hold, 4 brokerages rating the stock a underperform, and finally 1 brokerage rating the stock a sell.

Brief Synopsis On 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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