Paramount Global (NASDAQ:PARA – Get Free Report) has earned an average recommendation of “Reduce” from the fifteen analysts that are currently covering the stock, Marketbeat.com 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 twelve-month price target among brokers that have issued a report on the stock in the last year is $12.50.
A number of equities analysts have recently issued reports on the company. StockNews.com upgraded Paramount Global from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Macquarie reaffirmed an “underperform” rating and issued a $10.00 price objective on shares of Paramount Global in a research note on Monday, November 11th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Paramount Global in a research note on Monday, November 11th.
Read Our Latest Analysis on Paramount Global
Institutional Inflows and Outflows
Paramount Global Trading Up 1.8 %
Shares of PARA stock opened at $11.07 on Wednesday. The company has a market capitalization of $7.38 billion, a PE ratio of -1.35, a price-to-earnings-growth ratio of 1.53 and a beta of 1.70. Paramount Global has a 52-week low of $9.54 and a 52-week high of $15.70. The business’s fifty day moving average is $10.72 and its 200 day moving average is $10.77. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.10 and a current ratio of 1.27.
Paramount Global (NASDAQ:PARA – Get Free Report) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.25. Paramount Global had a positive return on equity of 5.81% and a negative net margin of 18.89%. The firm had revenue of $6.73 billion during the quarter, compared to the consensus estimate of $6.94 billion. During the same quarter last year, the company posted $0.30 EPS. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, equities research analysts anticipate that Paramount Global will post 1.78 EPS for the current fiscal year.
About Paramount Global
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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