Paramount Global has been under spotlight as it faces several
financial shifts. Seaport Res Ptn
cut Q1 EPS estimates for the company, a move that further bolstered Paramount Global's reputation as a top-ranked
value stock. Despite this, certain financial bodies have sold their shares; Oppenheimer & Co. sold 9,641 shares and Metis Global Partners sold 36,661. There have also been
multiple purchases with the Bank of New York Mellon Corp acquiring 908,515 shares and Blackhawk Capital making a new investment. After a
Q4 loss, Paramount Global's revenue was up, but its EPS was down. Doubts about an upcoming merger stirred up
market volatility, though the company continues to unveil promising content to boost its value. However,
Barrington Research adopted a negative outlook for Q1 earnings, leading to a calculated drop in stock value. Despite the fluctuations, companies such as Benchmark have
reiterated a 'Buy' rating. However, the company's repeated
earnings misses have nurtured a bearish outlook. Despite the negative predictions, Paramount's
shares were bought by Lingotto Investment Management and Allianz Asset Management, indicating potential future growth.
Paramount Global Stocks News Analytics from Fri, 06 Sep 2024 07:00:00 GMT to Sat, 08 Mar 2025 12:50:15 GMT -
Rating -2
- Innovation -1
- Information 6
- Rumor -3
