New York: Viacom (NASDAQ:VIAB) Stock Has Just Had Its Hold Rating Reiterated by Topeka Capital Markets. Shares now Have a $49 Target


Viacom (NASDAQ:VIAB) Rating Reaffirmed

In a recent report sent to clients and investors this morning, Topeka Capital Markets kept steady their Hold rating on Viacom (NASDAQ:VIAB) shares. The target price indicates a possible downside of -4.22% from firm’s last stock close price.

From a total of 18 analysts covering Viacom Inc. (NASDAQ:VIAB) stock, 10 rate it a ”Buy”, 0 a “Sell”, and 8 a ”Hold”. This means that 56% of the ratings are positive. The highest target price is $87 while the lowest target price is $42. The mean of all analyst targets is $59.44 with a 16.18% above today’s ($51.16) stock price. Viacom Inc. was the topic of 33 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. FBR Capital maintained shares on November 25 with “Outperform” rating. RBC Capital Markets maintained shares with “Outperform” rating and $60 target share price in a report from an October 13. Credit Suisse maintained VIAB stock in a recent report from November 13 with “Outperform” rating. Goldman Sachs downgraded the rating on October 5. Goldman Sachs has a “Neutral” rating and a $46 price target on shares. Finally, Topeka Capital Markets maintained the stock with “Hold” rating in a report issued on a November 12.

The stock decreased 2.27% or $1.19 on November 27, striking $51.16. Approximately shares of stock traded hands. Viacom, Inc. (NASDAQ:VIAB) has declined 26.86% since April 27, 2015 and is downtrending. It has underperformed by 25.97% the S&P500.

New York: Viacom (NASDAQ:VIAB) Stock Has Just Had Its Hold Rating Reiterated by Topeka Capital Markets. Shares now Have a $49 Target

Viacom Inc. is an entertainment content firm 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 has a market cap of $20.37 billion. The Firm operates through two divisions: Media Networks and Filmed Entertainment. It has 7.35 P/E ratio. Viacom Media Networks’ program services reached approximately 700 million households in over 160 countries.

According to Zacks Investment Research, “Viacom is a leading global entertainment content company whose family of prominent and respected brands includes the multiplatform properties of MTV Networks, BET Networks, Paramount Pictures, Paramount Home Entertainment and DreamWorks. MTV Networks, a unit of Viacom, is one of the world’s leading creators of programming and content across all media platforms. MTV Networks connects with its audiences through its robust consumer products businesses and its more than three hundred interactive properties worldwide, including online, broadband, wireless and interactive television services and also has licensing agreements, joint ventures, and syndication deals whereby all of its programming services can be seen worldwide.” Get a free copy of the Zacks research report on Viacom, Inc. (VIAB)