KeyBanc Reiterates Their Hold Rating on Viacom Inc

By Ryan Adsit

KeyBanc analyst Andy Hargreaves reiterated a Hold rating on Viacom Inc (NASDAQ: VIAB) yesterday. The company’s shares closed yesterday at $29.19, close to its 52-week high of $46.72.

According to TipRanks.com, Hargreaves is a top 100 analyst with an average return of 25.2% and a 70.4% success rate. Hargreaves covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, MSG Networks Inc, and Scripps Networks.

Viacom Inc has an analyst consensus of Hold, with a price target consensus of $38.29.

The company has a one year high of $46.72 and a one year low of $27.86. Currently, Viacom Inc has an average volume of 5.16M.

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Viacom, Inc. is a global entertainment content company, which connects with audiences through compelling television programs, motion pictures, short-form video, applications, games, brands for consumer products, social media and other entertainment content. The company operates business through the following business segments: Media Networks and Filmed Entertainment. The Media Networks segment provides entertainment content and related branded products for consumers in targeted demographics attractive to advertisers, content distributors and retailers. It creates, acquires and distributes programming and other content to its audiences across multiple platforms. The Media Networks segment produces, finances, acquires and distributes motion pictures, television programming and other entertainment content under the Paramount Pictures, Paramount Vantage, Paramount Classics, Insurge Pictures, MTV Films, Nickelodeon Movies and Paramount Television brands. Viacom was founded by Sumner M. Redstone on December 31, 2005 and is headquartered in New York, NY.