Paramount Skydance's (PSKY) "Neutral" Rating Reiterated at Guggenheim

Key Points

• Paramount Skydance's stock has been given a "neutral" rating by Guggenheim, with a price target of $13.00, indicating a potential downside of 18.90% from its previous close.
• Other firms, such as Barclays, have downgraded their price targets significantly, with Barclays moving theirs down from $12.00 to $8.00 and assigning an "underweight" rating.
• Despite some upgrades, the overall sentiment among analysts appears to be cautious, with average ratings indicating a "Reduce" status and a predicted price target of $10.50.

Paramount Skydance (NASDAQ:PSKY - Get Free Report)'s stock had its "neutral" rating reissued by research analysts at Guggenheim in a report released on Friday,Benzinga reports. They presently have a $13.00 price objective on the stock. Guggenheim's price target suggests a potential downside of 18.90% from the company's previous close.

Other research analysts have also issued reports about the stock. Barclays decreased their price objective on shares of Paramount Skydance from $12.00 to $8.00 and set an "underweight" rating for the company in a report on Friday, August 8th. Seaport Res Ptn upgraded Paramount Skydance from a "strong sell" rating to a "hold" rating in a research note on Friday, August 8th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Paramount Skydance has an average rating of "Reduce" and an average price target of $10.50.

Paramount Skydance Price Performance

PSKY stock opened at $16.03 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.39 and a quick ratio of 1.21. The company has a market cap of $10.81 billion, a PE ratio of 12.37, a P/E/G ratio of 3.62 and a beta of 1.17. Paramount Skydance has a twelve month low of $9.95 and a twelve month high of $17.53.

Paramount Skydance 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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