Rosenblatt Securities analyst Bernie McTernan reiterated a Hold rating on ViacomCBS (NASDAQ:VIAC) on Sunday, setting a price target of $28, which is approximately 6.83% above the present share price of $26.21.
McTernan expects ViacomCBS to post earnings per share (EPS) of $0.84 for the third quarter of 2020.
The current consensus among 18 TipRanks analysts is for a Moderate Buy rating of shares in ViacomCBS, with an average price target of $29.38.
The analysts price targets range from a high of $45 to a low of $22.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $6.67 billion and a net profit of $1.15 billion. The company's market cap is $16.13 billion.
According to TipRanks.com, Rosenblatt Securities analyst Bernie McTernan is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 13.7% and a 65.00% success rate.
ViacomCBS, Inc. operates as a mass media company, which creates and distributes content across a variety of platforms to audiences around the world. It operates its business through following segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment is composed of the CBS Television Network, CBS Television Studios, CBS Studios International, CBS Television Distribution, CBS Interactive, and CBS Films as well as the Company's digital streaming services, CBS All Access and CBSN. The Cable Networks includes Showtime Networks, CBS Sports Network, and Smithsonian Networks. The Publishing segment manages the Simon & Schuster's consumer book publishing business with imprints such as Simon & Schuster, Pocket Books, Scribner, and Atria Books. The Local Media segment handles the CBS Television Stations, and CBS Local Digital Media, with revenues generated primarily from advertising sales and retransmission fees. The company was founded by Sumner Murray Redstone in 1986 and is headquartered in New York, NY.