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

Key Points

• Paramount Global's shares have reached a new 52-week high, trading at $14.16, with the last traded price at $13.62 following a volume of over 29 million shares.
• Analysts have mixed sentiments on the stock; Guggenheim issued a "buy" rating and a $13.00 target, while Barclays downgraded their price target from $12.00 to $8.00.
• The company has a market capitalization of $9.08 billion with a significant negative PE ratio of -448.85 and a debt-to-equity ratio of 0.83.

Paramount Global (NASDAQ:PSKY - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $14.16 and last traded at $13.62, with a volume of 29757768 shares. The stock had previously closed at $10.97.

Analysts Set New Price Targets

PSKY has been the subject of several analyst reports. Guggenheim initiated coverage on shares of Paramount Global in a report on Wednesday. They issued a "buy" rating and a $13.00 price target for the company. Seaport Res Ptn raised shares of Paramount Global from a "strong sell" rating to a "hold" rating in a report on Friday, August 8th. Finally, Barclays dropped their price objective on shares of Paramount Global from $12.00 to $8.00 and set an "underweight" rating for the company in a report on Friday, August 8th.

Paramount Global Price Performance

The stock has a market cap of $9.08 billion, a PE ratio of -448.85, a PEG ratio of 2.79 and a beta of 1.17. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.21 and a current ratio of 1.39.

Paramount Global 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.

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