Wedbush announced Viacom (NASDAQ:VIAB), boosting its stock price target to $46.00 today
- Updated: October 16, 2016
Boasting a price of $36.00, Viacom (NASDAQ:VIAB) traded 0.50% higher on the day. With the last stock price close down -12.25% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Viacom has recorded a 50-day average of $37.56 and a two hundred day average of $41.03. Volume of trade was up over the average, with 4,680,586 shares of VIAB changing hands over the typical 3,813,920
In a report released on 10/17/2016 Wedbush upped the price target of Viacom (NASDAQ:VIAB) to $46.00 indicating a possible upside of 0.28%.
With a total market value of $0, Viacom has price-earnings ratio of 6.93 with a one year low of $30.11 and a one year high of $53.35 .
A total of 30 brokerages have issued a research note on VIAB. Five brokerages rating the company a strong buy, nine equity analysts rating the company a buy, 18 brokers rating the stock a hold, 4 firms rating the stock a underperform, and finally one brokerage rating the stock a sell with a average stock price target of $47.27.
Brief Synopsis On 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, MTV Films and Nickelodeon Movies brands.
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