Paramount Skydance Corporation (NASDAQ:PSKY) Receives Consensus Recommendation of "Strong Sell" from Brokerages

Key Points

• Paramount Skydance Corporation (NASDAQ:PSKY) has received a consensus recommendation of "Strong Sell" from five research firms, with three analysts suggesting sell ratings and two holding positions.
• The stock's current average price target is $10.60, reflecting recent downgrades from Morgan Stanley and Barclays, among others.
• Despite the negative outlook, Paramount Skydance shares saw a 2.5% increase, trading at $19.09, and the company recently announced a quarterly dividend of $0.05 per share.

Shares of Paramount Skydance Corporation (NASDAQ:PSKY - Get Free Report) have received a consensus recommendation of "Strong Sell" from the five research firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $10.60.

A number of equities analysts have issued reports on PSKY shares. Morgan Stanley cut their target price on shares of Paramount Skydance from $12.00 to $10.00 and set an "underweight" rating on the stock in a report on Wednesday, August 27th. Seaport Res Ptn raised Paramount Skydance from a "strong sell" rating to a "hold" rating in a report on Friday, August 8th. UBS Group set a $11.00 price target on Paramount Skydance in a report on Friday, September 5th. Barclays cut their price target on Paramount Skydance from $12.00 to $8.00 and set an "underweight" rating on the stock in a report on Friday, August 8th. Finally, Bank of America initiated coverage on Paramount Skydance in a report on Friday, September 5th. They set an "underperform" rating and a $11.00 price target on the stock.

Paramount Skydance Stock Up 2.5%

NASDAQ:PSKY traded up $0.47 during mid-day trading on Friday, reaching $19.09. The stock had a trading volume of 4,377,390 shares, compared to its average volume of 11,383,897. The company has a market capitalization of $12.87 billion, a price-to-earnings ratio of -636.12, a price-to-earnings-growth ratio of 5.03 and a beta of 1.25. Paramount Skydance has a 1-year low of $9.95 and a 1-year high of $20.86. 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 Skydance Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Monday, September 15th. Paramount Skydance's dividend payout ratio (DPR) is currently -666.67%.

About Paramount Skydance

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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