Analysts at StockNews.com began coverage on shares of Paramount Global (NASDAQ:PARA - Get Free Report) in a report released on Tuesday. The brokerage set a "hold" rating on the stock.
A number of other equities analysts have also recently weighed in on the company. Benchmark restated a "buy" rating and issued a $19.00 price target on shares of Paramount Global in a report on Thursday, February 27th. Needham & Company LLC reiterated a "hold" rating on shares of Paramount Global in a report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft lowered Paramount Global from a "buy" rating to a "hold" rating and set a $12.00 target price on the stock. in a research report on Wednesday, April 2nd. Guggenheim reissued a "buy" rating and issued a $14.00 price target on shares of Paramount Global in a report on Thursday, February 27th. Finally, Morgan Stanley upped their target price on Paramount Global from $10.00 to $11.00 and gave the company an "underweight" rating in a research report on Tuesday, February 4th. Seven equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $11.92.
View Our Latest Stock Report on PARA
Paramount Global Trading Up 2.1 %
Shares of NASDAQ PARA traded up $0.23 during midday trading on Tuesday, hitting $10.94. The stock had a trading volume of 6,698,723 shares, compared to its average volume of 11,376,459. The company has a fifty day moving average price of $11.38 and a 200 day moving average price of $10.96. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of -1.33, a PEG ratio of 1.68 and a beta of 1.31. Paramount Global has a 1-year low of $9.54 and a 1-year high of $14.54. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.85.
Paramount Global (NASDAQ:PARA - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.29). Paramount Global had a negative net margin of 18.89% and a positive return on equity of 5.81%. The business had revenue of $7.98 billion during the quarter, compared to analysts' expectations of $8.07 billion. On average, analysts predict that Paramount Global will post 1.77 earnings per share for the current year.
Institutional Trading of Paramount Global
Institutional investors and hedge funds have recently made changes to their positions in the stock. Contrarius Group Holdings Ltd bought a new stake in Paramount Global in the fourth quarter valued at $146,230,000. Norges Bank bought a new position in Paramount Global in the 4th quarter worth about $45,202,000. Slate Path Capital LP raised its holdings in shares of Paramount Global by 42.3% during the fourth quarter. Slate Path Capital LP now owns 12,586,000 shares of the company's stock valued at $131,650,000 after buying an additional 3,741,000 shares during the last quarter. Two Sigma Investments LP acquired a new stake in Paramount Global in the 4th quarter valued at approximately $21,229,000. Finally, New Age Alpha Advisors LLC bought a new stake in Paramount Global during the 4th quarter valued at $20,292,000. 73.00% of the stock is currently owned by institutional investors and hedge funds.
Paramount Global Company Profile
(
Get Free Report)
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.
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