Viacom, Inc. (NASDAQ:VIAB) received a stock rating upgrade from BTIG Research on Jun-16-16. In a note to investors, the firm issued a Buy rating. The analysts previously had a Neutral rating on the stock.
Analysts have a consensus target price of $46.93 in the 12-month period. The price objective is 4.17% higher than the recent closing price of $45.05. The 52-week price range is $29.52-$65.92 and the company has a market capitalization of $19.07 billion. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. 2 analyst has rated the stock with a sell rating, 10 has assigned a hold rating, 0 says it’s a buy, and 9 have assigned a strong buy rating to the company.
Viacom, Inc. operates as an entertainment content company in the United States and internationally. The company creates television programs, motion pictures, short-form content, applications, games, consumer products, social media, and other entertainment content. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment provides entertainment content and related branded products for consumers approximately through 250 locally programmed and operated TV channels, including Nickelodeon, Comedy Central, MTV, VH1, SPIKE, BET, CMT, TV Land, Nick at Nite, Nick Jr., Channel 5 (UK), Logo, Nicktoons, TeenNick, Paramount Channel, and others, as well as through online, mobile, and apps. The Filmed Entertainment segment produces, finances, acquires, and distributes motion pictures, television programming, and other entertainment content under the Paramount Pictures, Paramount Vantage, Paramount Classics, Paramount Animation, Insurge Pictures, Nickelodeon Movies, MTV Films, and Paramount Television brands. This segment exhibits motion pictures theatrically through home entertainment, television, and digital licensing and ancillary activities. The company releases its content through download-to-own, download-to-rent, DVDs, Blu-ray discs, transactional video-on-demand, pay television, subscription video-on-demand, basic cable television, free television, and free video-on-demand, as well as airlines and hotels. Viacom, Inc. is headquartered in New York, New York.