Paramount Global (NASDAQ:PSKY) Stock Price Up 10.4% - Still a Buy?

Key Points

• Paramount Global (NASDAQ: PSKY) shares increased by 10.4%, trading at around $11.17, with a significant volume surge of 81% above the daily average.
• Analysts have mixed views, with Barclays lowering its price target from $12 to $8 and issuing an "underweight" rating, while Seaport Res Ptn upgraded the stock from a "strong sell" to a "hold" rating.
• Paramount Global has a market cap of $7.40 billion and a P/E ratio of -365.54, indicating ongoing financial challenges.

Shares of Paramount Global (NASDAQ:PSKY - Get Free Report) rose 10.4% on Tuesday . The company traded as high as $11.19 and last traded at $11.17. Approximately 18,420,599 shares traded hands during mid-day trading, an increase of 81% from the average daily volume of 10,182,584 shares. The stock had previously closed at $10.12.

Analyst Ratings Changes

Several research analysts have commented on PSKY shares. Barclays lowered their price target on shares of Paramount Global from $12.00 to $8.00 and set an "underweight" rating for the company in a report on Friday. Seaport Res Ptn raised Paramount Global from a "strong sell" rating to a "hold" rating in a report on Friday.

Paramount Global Stock Up 8.4%

The firm has a market cap of $7.40 billion, a P/E ratio of -365.54, a price-to-earnings-growth ratio of 2.90 and a beta of 1.17. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.39 and a quick ratio of 1.21.

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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