Paramount Global (NASDAQ:PARA – Get Rating) had its price target reduced by investment analysts at Citigroup from $47.00 to $44.00 in a research note issued to investors on Monday, The Fly reports. Citigroup’s target price suggests a potential upside of 34.80% from the company’s previous close.
A number of other research firms have also recently weighed in on PARA. Rosenblatt Securities started coverage on shares of Paramount Global in a research note on Tuesday, April 19th. They issued a “sell” rating and a $29.00 target price on the stock. StockNews.com started coverage on shares of Paramount Global in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. JPMorgan Chase & Co. started coverage on shares of Paramount Global in a research note on Friday, April 1st. They issued a “neutral” rating and a $42.00 target price on the stock. Zacks Investment Research raised shares of Paramount Global from a “sell” rating to a “hold” rating in a research note on Friday, May 6th. Finally, UBS Group decreased their price objective on shares of Paramount Global from $33.00 to $29.00 in a research note on Friday, March 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $37.40.
NASDAQ:PARA opened at $32.64 on Monday. The stock’s 50-day moving average is $33.60. Paramount Global has a 52-week low of $26.11 and a 52-week high of $47.46. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.48 and a current ratio of 1.58. The company has a market cap of $21.19 billion, a P/E ratio of 5.34, a price-to-earnings-growth ratio of 1.48 and a beta of 1.58.
Paramount Global Company Profile (Get Rating)
Paramount Global operates as a media and entertainment company worldwide. The company distributes a schedule of news and public affairs broadcasts, and sports and entertainment programming; acquires or develops, and schedules programming on the CBS Television Network that includes primetime comedies and dramas, reality, specials, kids' programs, daytime dramas, game shows, and late night programs; produces or distributes talk shows, court shows, game shows, and newsmagazines; owns and operates 29 broadcast television stations; and operates CBS Sports Network, a 24-hour cable channel that provides sports and related content, as well as streaming and cable subscription services.
- Get a free copy of the StockNews.com research report on Paramount Global (PARA)
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