Paramount Global (NASDAQ:PSKY) Sets New 12-Month Low on Analyst Downgrade

Key Points

• Paramount Global's stock hit a new 52-week low after Barclays downgraded its price target from $12.00 to $8.00, prompting a significant drop in trading price.
• The stock traded as low as $9.95 during the day, closing at $10.12, with a trading volume of over 51 million shares.
• The company has a market capitalization of $6.82 billion and a negative P/E ratio of -337.22, indicating current financial challenges.

Paramount Global (NASDAQ:PSKY - )'s share price hit a new 52-week low during mid-day trading on Monday after Barclays lowered their price target on the stock from $12.00 to $8.00. Barclays currently has an underweight rating on the stock. Paramount Global traded as low as $9.95 and last traded at $10.12, with a volume of 51279634 shares traded. The stock had previously closed at $10.51.

Paramount Global Price Performance

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 company has a market capitalization of $6.82 billion, a P/E ratio of -337.22, a PEG ratio of 2.90 and a beta of 1.17.

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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