In a report released today, James Goss from Barrington reiterated a Hold rating on Paramount Global Class B (PARA – Research Report). The company’s shares opened today at $15.33.
According to TipRanks, Goss is an analyst with an average return of -7.7% and a 34.55% success rate. Goss covers the Communication Services sector, focusing on stocks such as Townsquare Media, TEGNA, and Warner Bros.
Paramount Global Class B has an analyst consensus of Hold, with a price target consensus of $19.20, a 25.24% upside from current levels. In a report released on August 8, Loop Capital Markets also maintained a Hold rating on the stock with a $15.00 price target.
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The company has a one-year high of $26.46 and a one-year low of $13.76. Currently, Paramount Global Class B has an average volume of 13.92M.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PARA in relation to earlier this year.
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ViacomCBS Inc. is a diversified multinational mass media conglomerate. The company owns and operates broadcast television stations, and provides cable network services including subscription and a free streaming TV platform. It also engages in developing, producing, financing, acquiring, and distributing films, television programming, and other entertainment content. In addition, the company publishes and distributes adult and children’s consumer books in digital, audio and printed formats.
Read More on PARA:
- What Wall Street is saying about Disney ahead of earnings
- Paramount price target lowered to $24 from $25 at Deutsche Bank
- Paramount price target raised to $30 from $28 at Benchmark
- Paramount price target raised to $17 from $16 at JPMorgan
- Here’s Why Paramount Global Stock (NASDAQ:PARA) Jumped Yesterday
