ViacomCBS Inc. (NASDAQ:VIAC) traded at a new 52-week high today of $64.78. Approximately 1.9 million shares have changed hands today, as compared to an average 30-day volume of 16.9 million shares.
In the past 52 weeks, ViacomCBS Inc. share prices are bracketed by a low of $10.10 and a high of $64.78 and is now at $64.68, 540% above that low price.
There is potential upside of 134.5% for shares of ViacomCBS Inc. based on a current price of $64.68 and an average consensus analyst price target of $151.69.
ViacomCBS is the recombination of CBS and Viacom that has created a media conglomerate operating around the world. CBS’ television assets include the CBS television network, 28 local TV stations, and 50% of CW, a joint venture between CBS and Time Warner. The company also owns Showtime and Simon & Schuster. Viacom owns several leading cable network properties, including Nickelodeon, MTV, BET, Comedy Central, VH1, CMT, and Paramount. Viacom has also built several online properties on the strength of these brands. Viacom’s Paramount Pictures produces original motion pictures and owns a library of 2,500 films, including the Mission: Impossible and Transformers series.
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