Wells Fargo & Co. upgraded Viacom, Inc. (NASDAQ:VIAB) to Market Perform in a report released today.
- Updated: October 14, 2016
Wells Fargo & Co. has upgraded Viacom, Inc. (NASDAQ:VIAB) to Market Perform in a statement released on Thursday October 13, 2016.
On 9/27/2016, Wedbush released a statement about Viacom, Inc. (NASDAQ:VIAB) dropped the target price from $44.00 to $40.00 that suggested an upside of 0.15%.
Having a price of $35.12, Viacom, Inc. (NASDAQ:VIAB) traded 0.50% higher on the day. With the last stock price down -12.25% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. VIAB has recorded a 50-day average of $37.56 and a two hundred day average of $41.03. Trade Volume was up over the average, with 4,680,586 shares of VIAB changing hands over the typical 3,813,920
Recent Performance Chart
Viacom, Inc. has PE ratio of 6.93 with a one year low of $30.11 and a one year high of $53.35 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. (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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