Paramount Global (NASDAQ:PARA – Get Rating) shares saw unusually-strong trading volume on Wednesday . Approximately 204,103 shares traded hands during mid-day trading, a decline of 98% from the previous session’s volume of 9,863,395 shares.The stock last traded at $32.90 and had previously closed at $32.32.
A number of equities analysts have recently weighed in on PARA shares. Rosenblatt Securities started coverage on Paramount Global in a report on Tuesday, April 19th. They issued a “sell” rating and a $29.00 price target for the company. Deutsche Bank Aktiengesellschaft lowered their price target on Paramount Global from $45.00 to $43.00 in a research report on Wednesday, May 4th. Zacks Investment Research raised Paramount Global from a “sell” rating to a “hold” rating in a research report on Friday, May 6th. StockNews.com assumed coverage on Paramount Global in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, JPMorgan Chase & Co. assumed coverage on Paramount Global in a research report on Friday, April 1st. They set a “neutral” rating and a $42.00 price target for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $35.75.
The firm has a 50-day moving average price of $33.71. The company has a current ratio of 1.58, a quick ratio of 1.48 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $20.69 billion, a P/E ratio of 5.29, a PEG ratio of 1.31 and a beta of 1.58.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Stockholders of record on Wednesday, June 15th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Tuesday, June 14th. Paramount Global’s payout ratio is 15.71%.
About Paramount Global (NASDAQ:PARA)
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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