Alert: Positive Investment/Fundamental Signals (11/22/23)-Paramount Global (NASDAQ: PARA)


Significant positive changes in Paramount Global (NASDAQ: PARA) fundamentals have recently occurred: the consensus estimate for December, 2024 increased significantly, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred.

Paramount Global (NASDAQ: PARA). Important positive changes in investment behavior have recently occurred: its shorter term price trend turned up.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

PARA is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Paramount Global has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Paramount Global has a very high Appreciation Score of 97 but a very low Power Rating of 2, resulting in the Neutral Value Trend Rating.

Recent Price Action

Paramount Global (NASDAQ: PARA) stock closed at $14.16 on 11/22/23 after a modest gain of 0.7%. The stock has been extremely weak relative to the market over the last nine months but has risen 13.1% during the last week.

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