Paramount Global Class B (PARA) Receives a Sell from Barclays

In a report released today, Kannan Venkateshwar from Barclays maintained a Sell rating on Paramount Global Class B (PARA – Research Report), with a price target of $12.00. The company’s shares closed yesterday at $10.97.

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In addition to Barclays, Paramount Global Class B also received a Sell from Bank of America Securities’s Jessica Reif Ehrlich in a report issued yesterday. However, on April 7, Wells Fargo maintained a Hold rating on Paramount Global Class B (NASDAQ: PARA).

Based on Paramount Global Class B’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.64 billion and a net profit of $514 million. In comparison, last year the company earned a revenue of $6.92 billion and had a net profit of $231 million

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Paramount Global Class B (PARA) Company Description:

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.