Paramount Skydance (NASDAQ:PSKY) Earns Neutral Rating from Guggenheim

Paramount Skydance (NASDAQ:PSKY)‘s stock had its “neutral” rating reissued by equities researchers at Guggenheim in a research report issued on Friday, Marketbeat Ratings reports. They currently have a $13.00 price target on the stock. Guggenheim’s price target indicates a potential downside of 18.75% from the company’s current price.

PSKY has been the subject of several other reports. Seaport Res Ptn raised Paramount Skydance from a “strong sell” rating to a “hold” rating in a research report on Friday, August 8th. Barclays reduced their price objective on Paramount Skydance from $12.00 to $8.00 and set an “underweight” rating for the company in a research report on Friday, August 8th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $10.50.

Paramount Skydance Price Performance

PSKY opened at $16.00 on Friday. Paramount Skydance has a 1-year low of $9.95 and a 1-year high of $17.53. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.39 and a quick ratio of 1.21. The company has a market capitalization of $10.79 billion, a PE ratio of -533.16, a price-to-earnings-growth ratio of 4.14 and a beta of 1.17.

Paramount Skydance Company Profile

Paramount Global is a media and entertainment company which creates premium content and experiences for audiences. The company’s portfolio of consumer brands includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount , Pluto TV and Simon & Schuster, among others.