Paramount Skydance's (PSKY) Sell (D+) Rating Reaffirmed at Weiss Ratings

Key Points

• Paramount Skydance's stock has been given a "sell (d+)" rating by Weiss Ratings, reaffirming concerns about its performance.
• Multiple analysts have reduced their price targets for the stock, with UBS increasing it to $12.00 while Barclays lowered it to $8.00, reflecting a consensus rating of "Strong Sell".
• Institutional investors have recently increased their stakes in Paramount Skydance, which now holds 73% of its shares among these entities.

Paramount Skydance (NASDAQ:PSKY - Get Free Report)'s stock had its "sell (d+)" rating restated by equities research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other equities research analysts have also recently commented on PSKY. UBS Group increased their target price on shares of Paramount Skydance from $10.00 to $12.00 and gave the company a "sell" rating in a research report on Wednesday. Morgan Stanley cut their price objective on shares of Paramount Skydance from $12.00 to $10.00 and set an "underweight" rating for the company in a research report on Wednesday, August 27th. Barclays cut their price objective on shares of Paramount Skydance from $12.00 to $8.00 and set an "underweight" rating for the company in a research report on Friday, August 8th. Bank of America initiated coverage on shares of Paramount Skydance in a research report on Friday, September 5th. They set an "underperform" rating and a $11.00 price objective for the company. Finally, Seaport Res Ptn upgraded shares of Paramount Skydance from a "strong sell" rating to a "hold" rating in a research report on Friday, August 8th. Two research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Paramount Skydance has a consensus rating of "Strong Sell" and an average price target of $10.80.

Paramount Skydance Stock Down 0.1%

Shares of NASDAQ PSKY opened at $18.50 on Wednesday. The firm has a 50-day simple moving average of $16.42. The firm has a market capitalization of $12.47 billion, a PE ratio of -616.46, a price-to-earnings-growth ratio of 4.94 and a beta of 1.26. 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 Skydance has a 52 week low of $9.95 and a 52 week high of $20.86.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hedges Asset Management LLC purchased a new position in shares of Paramount Skydance in the third quarter valued at approximately $248,000. Wedmont Private Capital purchased a new position in shares of Paramount Skydance in the third quarter valued at approximately $261,000. Cullen Investment Group LTD. purchased a new position in shares of Paramount Skydance in the third quarter valued at approximately $462,000. Finally, Czech National Bank purchased a new position in shares of Paramount Skydance in the third quarter valued at approximately $1,484,000. Hedge funds and other institutional investors own 73.00% of the company's stock.

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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