Paramount Global (NASDAQ:PARA) Receives $12.58 Average Target Price from Analysts

Shares of Paramount Global (NASDAQ:PARA) have earned an average rating of “Reduce” from the fifteen ratings firms that are currently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $12.58.

PARA has been the subject of several analyst reports. Morgan Stanley boosted their target price on Paramount Global from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 4th. StockNews.com raised Paramount Global from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Needham & Company LLC reissued a “hold” rating on shares of Paramount Global in a research note on Monday, November 11th. Finally, Macquarie reissued an “underperform” rating and set a $10.00 target price on shares of Paramount Global in a research note on Monday, November 11th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Voloridge Investment Management LLC purchased a new stake in shares of Paramount Global in the 4th quarter valued at about $5,688,000. Waverly Advisors LLC purchased a new stake in shares of Paramount Global in the 4th quarter valued at about $106,000. Woodline Partners LP purchased a new stake in shares of Paramount Global in the 4th quarter valued at about $11,096,000. Two Sigma Advisers LP purchased a new stake in shares of Paramount Global in the 4th quarter valued at about $1,839,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Paramount Global in the 4th quarter valued at about $21,229,000. 73.00% of the stock is owned by institutional investors and hedge funds.

Paramount Global Trading Up 0.2 %

PARA opened at $11.49 on Friday. Paramount Global has a 12 month low of $9.54 and a 12 month high of $14.54. The stock has a market capitalization of $7.66 billion, a price-to-earnings ratio of -1.40, a PEG ratio of 1.68 and a beta of 1.69. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.27 and a quick ratio of 1.10. The business has a fifty day moving average price of $10.75 and a 200 day moving average price of $10.71.

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.