Paramount Global (NASDAQ:PARA) Given New $35.00 Price Target at Deutsche Bank Aktiengesellschaft

Paramount Global (NASDAQ:PARAGet Rating) had its price target reduced by Deutsche Bank Aktiengesellschaft from $43.00 to $35.00 in a research note published on Tuesday, The Fly reports. Deutsche Bank Aktiengesellschaft currently has a maintains rating on the stock.

Several other research firms also recently commented on PARA. Rosenblatt Securities reduced their price objective on Paramount Global from $25.00 to $19.00 and set a sell rating for the company in a report on Monday, July 11th. Morgan Stanley cut Paramount Global from an equal weight rating to an underweight rating and dropped their target price for the stock from $32.00 to $22.00 in a research report on Monday, July 18th. Barclays dropped their target price on Paramount Global from $24.00 to $20.00 and set an underweight rating on the stock in a research report on Thursday, July 14th. Wolfe Research cut Paramount Global to a sell rating and set a $24.00 target price on the stock. in a research report on Friday, June 24th. Finally, Citigroup dropped their target price on Paramount Global from $44.00 to $37.00 and set a buy rating on the stock in a research report on Thursday, July 7th. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Paramount Global has an average rating of Hold and a consensus price target of $26.23.

Paramount Global Stock Performance

NASDAQ PARA opened at $24.47 on Tuesday. Paramount Global has a one year low of $23.15 and a one year high of $42.17. The stock has a 50-day simple moving average of $26.69. The company has a market cap of $15.88 billion, a P/E ratio of 4.00, a price-to-earnings-growth ratio of 1.11 and a beta of 1.56. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.58 and a quick ratio of 1.48.

Paramount Global (NASDAQ:PARAGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.47 by $0.13. Paramount Global had a return on equity of 7.90% and a net margin of 14.26%. The company had revenue of $7.33 billion during the quarter, compared to the consensus estimate of $7.39 billion. During the same period last year, the company earned $1.52 EPS. Paramount Global’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, equities analysts predict that Paramount Global will post 2.62 earnings per share for the current fiscal year.

Paramount Global Company Profile

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Paramount Global operates as a media and entertainment company worldwide. The company distributes a schedule of news and public affairs broadcasts, and sports and entertainment programming; acquires or develops, and schedules programming on the CBS Television Network that includes primetime comedies and dramas, reality, specials, kids' programs, daytime dramas, game shows, and late night programs; produces or distributes talk shows, court shows, game shows, and newsmagazines; owns and operates 29 broadcast television stations; and operates CBS Sports Network, a 24-hour cable channel that provides sports and related content, as well as streaming and cable subscription services.

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