Viacom (VIAB) Receives Price Target

Viacom (VIAB) : The consensus price target for Viacom (VIAB) is $47.17 for the short term with a standard deviation of $11.85. The most optimist securities analyst among the 18 who monitor the stock believes that the stock can reach $82, however, the pessimist price target for the company is $26.

Viacom (VIAB) : Zacks Investment Research ranks Viacom (VIAB) as 5, which is a Strong Sell recommendation. 9 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 12 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 24 research analysts is 2.46, which indicates as a Buy.


Also, Brokerage firm Telsey Advisory Group downgrades its rating on Viacom (NASDAQ:VIAB). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on August 26, 2016.

Viacom (NASDAQ:VIAB): The stock opened at $40.42 on Thursday but the bulls could not build on the opening and the stock topped out at $40.51 for the day. The stock traded down to $39.61 during the day, due to lack of any buying support eventually closed down at $39.77 with a loss of -1.41% for the day. The stock had closed at $40.34 on the previous day. The total traded volume was 2,962,530 shares.

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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