Viacom Inc. (NASDAQ: VIAB) Stock Rating Reiterated at Jefferies Group

Viacom Inc. (NASDAQ: VIAB) had its Buy rating reiterated by equities researchers at Jefferies Group in a research note to investors.With a rating of Buy on the stock, Viacom Inc. has a 52-week high of $53.35. The one-year price target of $46.38 is higher than the opening price of $37.02, causing a number of other analysts to report on the stock recently. Stock prices often trend to the upside on recommendations and new price targets of professional analysts.

U.S. stocks on Monday closed essentially flat, after trading firmly higher, in a volatile session ahead of the start of a pair of closely watched central-bank policy meetings.

The Dow Jones Industrial Average DJIA, -0.02% closed down 3.63 points at 18,120.17.

The blue-chip index had been up by as much as 131 points earlier and traded within a 162-point range.

The S&P 500 SPX, +0.00% slipped 0.04 points to close at 2,139.12, after trading within an 18-point range

Meanwhile, the Nasdaq Composite Index COMP, -0.18% declined 9.54 points, or 0.2%, to close at 5,235.03.

Earlier, the Nasdaq Composite Index had been up by as many as 37 points and traded with a 58-point range

Shares of Viacom Inc. (NASDAQ: VIAB) opened at $37.02 yesterday trading between $36.71 and $37.27, and last traded at $37.12, which represents an increase of $0.35 over the previous closing price.

Viacom Inc. (NASDAQ: VIAB) currently has a market cap of 14.72B.

The stock’s average daily volume is 3,479,450 shares out of a total float 355,229,000 and some 639,483 shares crossed the trading desk yesterday, 6 percent below the average. Trading volume is likely to increase in the next few days as momentum traders often use increases in trading volume to pinpoint substantial volume growth or circulation by institutional investors.

However, a single day of heavy buy side trading is not enough to determine a trend. So market traders will continue to watch for institutional sponsorship as a cue that financial institutions are moving forward.

Institutional sponsorship just refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.

Institutional investors such as these retain substantial teams of analysts that research thousands of stocks. So watching their interests is a good way to ensure you are buying the right stocks.

By spotting trends, moving averages allow investors to make those trends work in their favor and increase the number of winning trades.

With that in mind, Viacom Inc. (NASDAQ: VIAB) now has a 50-day MA of $41.05 and 200-day MA of $41.53. It has traded in a 52-week range between $30.11 – 53.35 and today’s last price is 0.30% lower than the 52 week high of $53.35.

Indeed, earnings growth is among the most crucial things to look at in regards to stock investing and, accordingly, investors seek companies that have been successful at growing their earnings by at least 25% over a 3 year period.

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