ViacomCBS Inc. highlights ViacomCBS Inc. $VIAC Price: $ | 🚀 Robin Rocket

ViacomCBS Inc. highlights

ViacomCBS Inc. $VIAC

Price: $41.28
Target: $52-55

ViacomCBS is the amalgamation of CBS and Viacom to create a worldwide media conglomerate. CBS's television assets include the CBS television network, 28 local television stations and 50% of CW, a joint venture between CBS and Time Warner.

Viacom owns several leading cable network properties including Nickelodeon, MTV, BET, Comedy Central, VH1, CMT, and Paramount.

ViacomCBS continues to be one of the most effective media companies on the market today.

In the last reporting period, total revenue of $6.56 billion increased by 7.9% YoY, which is $50 million higher than the forecast.

The company has made significant strides in deploying multiple streaming services over the past few years.

The company owns well-known brands such as Showtime, which saw a record quarter of registrations and streaming in the first quarter.

Not an investment recommendation.