Credit Suisse Maintains a Hold Rating on ViacomCBS (VIAC)

In a report released yesterday, Douglas Mitchelson from Credit Suisse maintained a Hold rating on ViacomCBS (VIACResearch Report). The company’s shares closed last Tuesday at $29.31.

According to TipRanks.com, Mitchelson is a 5-star analyst with an average return of 14.5% and a 62.7% success rate. Mitchelson covers the Services sector, focusing on stocks such as Charter Communications, Dish Network, and Walt Disney.

ViacomCBS has an analyst consensus of Moderate Buy, with a price target consensus of $28.73.

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ViacomCBS’s market cap is currently $17.86B and has a P/E ratio of 25.80. The company has a Price to Book ratio of -4.13.

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ViacomCBS, Inc. operates as a mass media company, which creates and distributes content across a variety of platforms to audiences around the world. It operates its business through following segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment is composed of the CBS Television Network, CBS Television Studios, CBS Studios International, CBS Television Distribution, CBS Interactive, and CBS Films as well as the Company’s digital streaming services, CBS All Access and CBSN. The Cable Networks includes Showtime Networks, CBS Sports Network, and Smithsonian Networks. The Publishing segment manages the Simon & Schuster’s consumer book publishing business with imprints such as Simon & Schuster, Pocket Books, Scribner, and Atria Books. The Local Media segment handles the CBS Television Stations, and CBS Local Digital Media, with revenues generated primarily from advertising sales and retransmission fees. The company was founded by Sumner Murray Redstone in 1986 and is headquartered in New York, NY.