Paramount Global (NASDAQ:PARA) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Paramount Global (NASDAQ:PARA - Free Report) in a report published on Monday morning. The firm issued a hold rating on the stock.

A number of other equities research analysts have also commented on PARA. Deutsche Bank Aktiengesellschaft lowered shares of Paramount Global from a "buy" rating to a "hold" rating and set a $12.00 price objective on the stock. in a report on Wednesday, April 2nd. Guggenheim reissued a "buy" rating and set a $14.00 price target on shares of Paramount Global in a research note on Thursday, February 27th. Benchmark restated a "buy" rating and issued a $19.00 price objective on shares of Paramount Global in a research report on Thursday, February 27th. Morgan Stanley increased their price objective on Paramount Global from $10.00 to $11.00 and gave the company an "underweight" rating in a research report on Tuesday, February 4th. Finally, Needham & Company LLC restated a "hold" rating on shares of Paramount Global in a research report on Thursday, February 27th. Six analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $12.09.

Paramount Global Price Performance

Shares of NASDAQ:PARA traded down $0.23 during trading on Monday, reaching $10.69. The stock had a trading volume of 5,527,891 shares, compared to its average volume of 11,639,889. The stock has a market capitalization of $7.13 billion, a PE ratio of -1.30, a P/E/G ratio of 1.68 and a beta of 1.31. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.27 and a quick ratio of 1.10. Paramount Global has a 52 week low of $9.54 and a 52 week high of $14.54. The business's 50-day moving average price is $11.36 and its 200 day moving average price is $10.95.

Paramount Global (NASDAQ:PARA - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The company reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.29). The business had revenue of $7.98 billion for the quarter, compared to analyst estimates of $8.07 billion. Paramount Global had a negative net margin of 18.89% and a positive return on equity of 5.81%. As a group, equities analysts predict that Paramount Global will post 1.77 earnings per share for the current year.

Paramount Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Monday, March 17th. Paramount Global's dividend payout ratio (DPR) is currently -2.15%.

Institutional Trading of Paramount Global

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Allworth Financial LP boosted its stake in Paramount Global by 140.1% during the 4th quarter. Allworth Financial LP now owns 2,391 shares of the company's stock worth $25,000 after acquiring an additional 1,395 shares during the last quarter. Mattson Financial Services LLC acquired a new stake in Paramount Global in the fourth quarter worth $28,000. Ossiam boosted its position in shares of Paramount Global by 57.2% during the fourth quarter. Ossiam now owns 2,810 shares of the company's stock worth $29,000 after purchasing an additional 1,022 shares in the last quarter. Mountain Hill Investment Partners Corp. acquired a new position in shares of Paramount Global in the 4th quarter valued at $31,000. Finally, Rakuten Securities Inc. increased its position in shares of Paramount Global by 187.8% in the 4th quarter. Rakuten Securities Inc. now owns 3,094 shares of the company's stock valued at $32,000 after buying an additional 2,019 shares in the last quarter. 73.00% of the stock is owned by institutional investors.

Paramount Global Company Profile

Paramount Global operates as a media, streaming, and entertainment company worldwide. It operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. The TV Media segment operates CBS Television Network, a domestic broadcast television network; CBS Stations, a television station; and international free-to-air networks comprising Network 10, Channel 5, Telefe, and Chilevisión; domestic premium and basic cable networks, such as Paramount+ with Showtime, MTV, Comedy Central, Paramount Network, The Smithsonian Channel, Nickelodeon, BET Media Group, and CBS Sports Network; and international extensions of these brands.