“With the pending Discovery merger with AT&T’s Warner Media business, ViacomCBS now looks like a potential acquisition target, according to BofA Global Research media analyst Jessica Reif Ehrlich.”
“She lifted her rating on the stock by two notches from Underperform to Buy, setting a price target of $53, for a potential gain of 33% from Wednesday’s close.” Excerpt from – Barrons VIAC article dated May 20, 2021.
Viacomcbs Inc Cl B (VIAC) has posted three-quarters of rising earnings growth. Topline growth has also increased during the same period. Viacom CBS Cl B (VIAC) reported 1st Quarter March 2021 earnings of $1.52 per share on revenue of $7.4 billion. The consensus earnings estimate was $1.22 per share on revenue of $7.3 billion. The Earnings Whisper number was $1.24 per share. Revenue grew 11.1% on a year-over-year basis.
VIAC 60 Minute Chart
The stock is showing signs of breaking out on this 60-minute time frame, in addition to trading (+1.28%) this morning. The pre-market high was 42.27 (+/-).
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