Viacom (NASDAQ:VIAB) Rating Cut
New York-listed Viacom (NASDAQ:VIAB), was lowered by equity research analysts at Barrington Research. Barrington Research lowered its rating on the $11.03 billion market cap company to “Mkt Perform” from a previous “Outperform”.
This rating downgrade was noticed by stock traders, as NASDAQ:VIAB is at the moment trading -2.13% lower at $26.68 as of 10:05 AM New York time. Viacom’s stock is 0% over the last 200 days. It has underperformed the S&P500, which has gained 6.00% over the same time period.
Out of 30 analysts covering Viacom, 14 rate it a Buy, 18 indicate a Hold while 5 suggest a Sell. The highest target is $82 and the lowest is $26 according to Thomson/First Call. The 12-month mean target is $47.27, which means upside potential of 77.17% over the current price.
Viacom (NASDAQ:VIAB) Profile
Viacom Inc. offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries. The Company operates through two segments: Media Networks and Filmed Entertainment.
Viacom (NASDAQ:VIAB) traded down -2.13% on 2 January, hitting $26.68. A total of shares of the company’s stock traded hands. This is down from average of 7.19M shares. Viacom has a 52 week low of $22.13 and a 52 week high of $46.72. The company has a market cap of $11.03B and a P/E ratio of 5.72.
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