Paramount Skydance (NASDAQ:PSKY) Reaches New 52-Week High – Should You Buy?

Paramount Skydance Corporation (NASDAQ:PSKY)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $17.58 and last traded at $17.46, with a volume of 48398737 shares traded. The stock had previously closed at $15.11.

Analyst Ratings Changes

Several brokerages have recently commented on PSKY. Barclays decreased their price target on Paramount Skydance from $12.00 to $8.00 and set an “underweight” rating on the stock in a research note on Friday, August 8th. Guggenheim reiterated a “neutral” rating and set a $13.00 target price on shares of Paramount Skydance in a report on Friday, August 22nd. Bank of America started coverage on Paramount Skydance in a research report on Friday, September 5th. They set an “underperform” rating and a $11.00 price target for the company. UBS Group set a $11.00 price objective on Paramount Skydance in a research report on Friday, September 5th. Finally, Morgan Stanley reduced their price objective on Paramount Skydance from $12.00 to $10.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 27th. Two analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Paramount Skydance currently has a consensus rating of “Strong Sell” and an average price target of $10.60.

Paramount Skydance Stock Up 7.6%

The company has a quick ratio of 1.21, a current ratio of 1.39 and a debt-to-equity ratio of 0.83. The firm has a market cap of $12.67 billion, a price-to-earnings ratio of -626.12, a price-to-earnings-growth ratio of 4.65 and a beta of 1.18.

Paramount Skydance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be issued a $0.05 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.20 annualized dividend and a yield of 1.1%. Paramount Skydance’s payout ratio is -666.67%.

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.