Paramount Skydance Corporation (NASDAQ:PSKY - Get Free Report)'s stock price was down 5.1% during mid-day trading on Tuesday . The stock traded as low as $17.60 and last traded at $17.64. Approximately 6,243,644 shares were traded during trading, a decline of 46% from the average daily volume of 11,465,444 shares. The stock had previously closed at $18.58.
Wall Street Analyst Weigh In
PSKY has been the topic of several recent analyst reports. Morgan Stanley dropped their price target on shares of Paramount Skydance from $12.00 to $10.00 and set an "underweight" rating on the stock in a research note on Wednesday, August 27th. Barclays reduced their price objective on Paramount Skydance from $12.00 to $8.00 and set an "underweight" rating for the company in a research note on Friday, August 8th. Guggenheim reaffirmed a "neutral" rating and issued a $13.00 target price on shares of Paramount Skydance in a report on Friday, August 22nd. Seaport Res Ptn raised Paramount Skydance from a "strong sell" rating to a "hold" rating in a report on Friday, August 8th. Finally, Bank of America assumed coverage on shares of Paramount Skydance in a research report on Friday, September 5th. They set an "underperform" rating and a $11.00 price target for the company. Two equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Strong Sell" and an average target price of $10.60.
Get Our Latest Stock Report on Paramount Skydance
Paramount Skydance Stock Up 5.8%
The firm has a market cap of $12.76 billion, a price-to-earnings ratio of -630.46, a price-to-earnings-growth ratio of 5.04 and a beta of 1.18. The company has a quick ratio of 1.21, a current ratio of 1.39 and a debt-to-equity ratio of 0.83.
Paramount Skydance Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be given a $0.05 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.20 annualized dividend and a dividend yield of 1.1%. Paramount Skydance's dividend payout ratio (DPR) is currently -666.67%.
Paramount Skydance Company Profile
(
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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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