Price Target Update on Viacom (NASDAQ:VIAB)

Viacom (NASDAQ:VIAB) stock is expected to deviate a maximum of $10.84 from the average target price of $49.39 for the short term period. 18 Street Experts have initiated coverage on the stock with the most promising target being $87 and the most muted being $38.

Other Equity analysts have also commented on the company shares. Wunderlich maintains its view on Viacom (NASDAQ:VIAB) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Wunderlich maintains the current price target of $87 per share on Viacom . The rating by the firm was issued on June 17, 2016.

Viacom (NASDAQ:VIAB): On Thursdays trading session , Opening price of the stock was $44.27 with an intraday high of $44.978. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $43. However, the stock managed to close at $43.47, a loss of 1.27% for the day. On the previous day, the stock had closed at $44.03. The total traded volume of the day was 3,559,796 shares.

The company shares have dropped -33.75% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $67.39 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $42.20 and the 200 Day Moving Average price is recorded at $40.69.

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 Companys 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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