Short Term Price Target on Viacom (VIAB)

Viacom (NASDAQ:VIAB) : 18 Wall Street analysts covering Viacom (NASDAQ:VIAB) believe that the average level the stock could reach for the short term is $49.39. The maximum price target given is $87 and the minimum target for short term is around $38, hence the standard deviation is calculated at $10.84.

Viacom, Inc. has lost 4.6% in the last five trading days and dropped 6.08% in the last 4 weeks. Viacom, Inc. is up 1.7% in the last 3-month period. Year-to-Date the stock performance stands at 2.77%. Also, Major Brokerage house, UBS maintains its ratings on Viacom (NASDAQ:VIAB). In the latest research report, UBS lowers the target price to $50 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on June 20, 2016.

Viacom (NASDAQ:VIAB) has an average broker rating of 2.26, which is interpreted as a Buy, as rated by 23 equity analysts. Nonetheless, 10 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 11 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

Viacom (NASDAQ:VIAB): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.50 and $40.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.47, notching a gain of 2.75% for the day. The total traded volume was 3,575,160 . The stock had closed at $40.36 on the previous day.

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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