ViacomCBS (VIAC) Receives a Hold from Barrington

In a report released today, James Goss from Barrington reiterated a Hold rating on ViacomCBS (VIACResearch Report). The company’s shares closed last Wednesday at $69.25, close to its 52-week high of $69.37.

According to TipRanks.com, Goss is a 4-star analyst with an average return of 5.5% and a 48.5% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Entertainment Class A, Clear Channel Outdoor, and Nexstar Media Group.

The word on The Street in general, suggests a Hold analyst consensus rating for ViacomCBS with a $47.18 average price target, which is a -31.8% downside from current levels. In a report issued on February 19, Morgan Stanley also maintained a Hold rating on the stock with a $55.00 price target.

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ViacomCBS’s market cap is currently $42.58B and has a P/E ratio of 17.10. The company has a Price to Book ratio of -10.23.

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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.