Paramount Global (NASDAQ:PARA) Receives $12.58 Average PT from Brokerages

Shares of Paramount Global (NASDAQ:PARA - Get Free Report) have been given an average rating of "Reduce" by the fifteen ratings firms that are presently covering the company, Marketbeat reports. Six research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $12.58.

A number of research analysts recently issued reports on PARA shares. Macquarie restated an "underperform" rating and set a $10.00 target price on shares of Paramount Global in a research report on Monday, November 11th. StockNews.com raised Paramount Global from a "sell" rating to a "hold" rating in a report on Monday, November 11th. Needham & Company LLC reaffirmed a "hold" rating on shares of Paramount Global in a report on Monday, November 11th. Finally, Morgan Stanley lifted their price target on Paramount Global from $10.00 to $11.00 and gave the company an "underweight" rating in a research report on Tuesday, February 4th.

Institutional Investors Weigh In On Paramount Global

A number of institutional investors have recently added to or reduced their stakes in PARA. Charles Schwab Investment Management Inc. raised its position in shares of Paramount Global by 16.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,394,825 shares of the company's stock worth $78,533,000 after purchasing an additional 1,030,592 shares during the last quarter. Bridgewater Associates LP raised its holdings in shares of Paramount Global by 50.7% during the third quarter. Bridgewater Associates LP now owns 328,099 shares of the company's stock valued at $3,484,000 after acquiring an additional 110,357 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Paramount Global by 824.1% during the third quarter. Franklin Resources Inc. now owns 195,690 shares of the company's stock worth $2,029,000 after purchasing an additional 174,514 shares in the last quarter. Wilsey Asset Management Inc. raised its stake in Paramount Global by 16.2% in the 4th quarter. Wilsey Asset Management Inc. now owns 1,902,332 shares of the company's stock valued at $19,898,000 after purchasing an additional 265,408 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Paramount Global by 22.3% in the 3rd quarter. Principal Financial Group Inc. now owns 683,401 shares of the company's stock valued at $7,258,000 after purchasing an additional 124,740 shares in the last quarter. Institutional investors and hedge funds own 73.00% of the company's stock.

Paramount Global Stock Performance

NASDAQ PARA traded up $0.13 on Friday, hitting $11.44. 11,267,723 shares of the company's stock traded hands, compared to its average volume of 8,896,003. The firm's 50-day moving average price is $10.74 and its two-hundred day moving average price is $10.69. The firm has a market capitalization of $7.63 billion, a PE ratio of -1.39, a P/E/G ratio of 1.66 and a beta of 1.69. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.85. Paramount Global has a 1-year low of $9.54 and a 1-year high of $14.54.

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.