Shares of Paramount Global (NASDAQ:PARA – Get Free Report) have received an average recommendation of “Reduce” from the twenty brokerages that are currently covering the company, MarketBeat reports. Ten research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $12.47.
Several analysts recently issued reports on the stock. Wells Fargo & Company raised shares of Paramount Global from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $10.00 to $11.00 in a report on Friday, August 9th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $14.00 price target on shares of Paramount Global in a research report on Tuesday, June 4th. StockNews.com lowered Paramount Global from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Benchmark reaffirmed a “buy” rating and set a $19.00 target price on shares of Paramount Global in a report on Friday, August 9th. Finally, The Goldman Sachs Group assumed coverage on Paramount Global in a report on Tuesday, June 25th. They issued a “sell” rating and a $9.50 price target for the company.
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Paramount Global Price Performance
Shares of NASDAQ PARA opened at $10.47 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.30 and a debt-to-equity ratio of 0.85. Paramount Global has a fifty-two week low of $9.54 and a fifty-two week high of $17.50. The business has a 50 day moving average price of $11.00 and a two-hundred day moving average price of $11.44. The firm has a market cap of $6.98 billion, a PE ratio of -69.80, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78.
Paramount Global Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.20 dividend on an annualized basis and a yield of 1.91%. Paramount Global’s dividend payout ratio is currently -133.32%.
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.
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