Wedbush announced Viacom (NASDAQ:VIAB), dropping its stock price target to $40.00 today
- Updated: September 26, 2016
In a report issued Tuesday September 27, 2016 Wedbush bumped down the target of Viacom (NASDAQ:VIAB) from $44.00 to $40.00 indicating a possible upside of 0.15%.
Previously on 9/22/2016, UBS Securities reported on Viacom (NASDAQ:VIAB) reduced the target price from $50.00 to $48.00. At the time, this indicated a possible upside of 0.34%.
Just yesterday Viacom (NASDAQ:VIAB) traded -1.86% lower at $34.84. Viacom’s 50-day moving average is $39.88 and its 200-day moving average is $41.41. The last closing price is down -15.86% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 3,228,882 shares of VIAB traded hands, down from an average trading volume of 3,456,050
Recent Performance Chart
Viacom has 52 week low of $30.11 and a 52 week high of $53.35 with a PE ratio of 6.71 and has a market capitalization of $0.
In addition to Wedbush reporting its stock price target, a total of 30 brokers have issued a research note on the company. The average stock price target is $47.27 with 5 brokers rating the stock a strong buy, 9 brokers rating the stock a buy, 18 brokers rating the stock a hold, 4 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.
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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