Paramount Skydance Corporation (NASDAQ:PSKY) Receives $12.43 Average Price Target from Analysts

Shares of Paramount Skydance Corporation (NASDAQ:PSKY) have received an average rating of “Strong Sell” from the nine analysts that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $12.4286.

Several research analysts have commented on PSKY shares. Wells Fargo & Company lifted their price target on Paramount Skydance from $10.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. UBS Group lifted their price target on Paramount Skydance from $10.00 to $12.00 and gave the stock a “sell” rating in a research report on Wednesday, October 8th. Guggenheim reaffirmed a “neutral” rating and issued a $13.00 price target on shares of Paramount Skydance in a research report on Friday, August 22nd. Seaport Res Ptn raised Paramount Skydance from a “strong sell” rating to a “hold” rating in a research report on Friday, August 8th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Paramount Skydance in a research report on Wednesday, October 8th.

Paramount Skydance Stock Performance

Shares of PSKY stock opened at $15.42 on Tuesday. The firm has a 50 day moving average of $17.03. 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 twelve month low of $9.95 and a twelve month high of $20.86. The company has a market cap of $10.40 billion, a P/E ratio of -513.83, a price-to-earnings-growth ratio of 4.24 and a beta of 1.26.

Paramount Skydance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, September 15th. Paramount Skydance’s payout ratio is currently -666.67%.

Institutional Trading of Paramount Skydance

A number of institutional investors and hedge funds have recently modified their holdings of the company. Bank Pictet & Cie Europe AG bought a new stake in shares of Paramount Skydance during the third quarter valued at approximately $47,983,000. SG Americas Securities LLC bought a new stake in shares of Paramount Skydance during the third quarter valued at approximately $9,370,000. TB Alternative Assets Ltd. bought a new stake in shares of Paramount Skydance during the third quarter valued at approximately $7,363,000. New York State Teachers Retirement System bought a new stake in shares of Paramount Skydance during the third quarter valued at approximately $6,980,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Paramount Skydance during the third quarter valued at approximately $6,093,000. 73.00% of the stock is currently owned by institutional investors.

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.