Paramount Skydance (NASDAQ:PSKY) Earns Hold Rating from Analysts at Argus

Argus started coverage on shares of Paramount Skydance (NASDAQ:PSKY) in a research report released on Monday, Marketbeat.com reports. The firm issued a hold rating and a $17.00 price objective on the stock.

Other equities research analysts have also recently issued reports about the company. UBS Group lifted their price objective on Paramount Skydance from $10.00 to $12.00 and gave the stock a “sell” rating in a research note on Wednesday, October 8th. Bank of America assumed coverage on Paramount Skydance in a research report on Friday, September 5th. They set an “underperform” rating and a $11.00 target price for the company. Guggenheim reaffirmed a “neutral” rating and issued a $13.00 price target on shares of Paramount Skydance in a research note on Friday, August 22nd. Weiss Ratings reissued a “sell (d+)” rating on shares of Paramount Skydance in a research note on Wednesday, October 8th. Finally, Barclays reduced their target price on Paramount Skydance from $12.00 to $8.00 and set an “underweight” rating on the stock in a report on Friday, August 8th. Three equities research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, Paramount Skydance presently has a consensus rating of “Strong Sell” and an average price target of $11.83.

Paramount Skydance Stock Performance

PSKY opened at $17.43 on Monday. The stock’s fifty day simple moving average is $16.52. The company has a quick ratio of 1.21, a current ratio of 1.39 and a debt-to-equity ratio of 0.83. Paramount Skydance has a 52 week low of $9.95 and a 52 week high of $20.86. The firm has a market cap of $11.75 billion, a price-to-earnings ratio of -580.81, a PEG ratio of 4.62 and a beta of 1.26.

Paramount Skydance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were issued a dividend of $0.05 per share. The ex-dividend date was Monday, September 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.1%. Paramount Skydance’s dividend payout ratio (DPR) is presently -666.67%.

Hedge Funds Weigh In On Paramount Skydance

Hedge funds have recently made changes to their positions in the business. Vontobel Holding Ltd. acquired a new stake in shares of Paramount Skydance in the third quarter valued at approximately $473,000. Exchange Traded Concepts LLC bought a new stake in Paramount Skydance during the 3rd quarter worth about $4,595,000. Jeppson Wealth Management LLC bought a new position in shares of Paramount Skydance in the 3rd quarter valued at about $229,000. AdvisorNet Financial Inc bought a new position in shares of Paramount Skydance in the 3rd quarter valued at about $97,000. Finally, Sound Income Strategies LLC acquired a new stake in shares of Paramount Skydance in the third quarter valued at about $49,000. 73.00% of the stock is owned by institutional investors.

About Paramount Skydance

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.