Paramount Global (NASDAQ: PARA) stock closed at $13.52 on 4/3/24 after a major increase of 15.0%. Moreover, trading volume in this advance was exceptionally high at 323% of normal. The stock has risen 18.1% during the last week but has been weak relative to the market over the last nine months.
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 (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Paramount Global has a very high Appreciation Score of 96 but a poor Power Rating of 25, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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