ViacomCBS changes name to Paramount to boost streaming future
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ViacomCBS (VIAC) PT Lowered to $40 at Guggenheim
February 16, 2022 6:38 AM ESTGuggenheim analyst Michael Morris lowered the price target on ViacomCBS (NASDAQ: VIAC) to $40.00 (from $53.00) while maintaining a Buy rating following results and rebranding to 'Paramount' "which sets an ambitious investment plan to scale new streaming heights."
The analyst commented, "ViacomCBS management delivered a detailed... More
ViacomCBS (VIAC) Shares Down 4% on Q4 EPS Miss; Reports Record Subscriber Additions; Changes Name to Paramount
February 15, 2022 5:44 PM ESTViacomCBS (NASDAQ: VIACA) (NASDAQ: VIAC) shares were trading more than 4% lower after-hours following the companys Q4 earnings miss, with EPS coming in at $0.26, worse than the consensus estimate of $0.43.
Revenue grew 16% year-over-year to $8 billion, above the consensus estimate of... More
