ViacomCBS VIAC shares are trading lower on Tuesday, after Morgan Stanley analysts cut the price target from $42 to $19 per share.
ViacomCBS is the combination of CBS and Viacom that has created a media conglomerate. Television assets include the CBS television network, 28 local TV stations, and 50% of CW. The company also owns Showtime and Simon & Schuster.
Viacom owns several leading cable network properties, including Nickelodeon, MTV, BET, Comedy Central, VH1, CMT and Paramount.
ViacomCBS shares trading down 5.19% at $15.26 on Tuesday. The stock has a 52-week range between $53.71and $10.10.
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