Previous Close | 21.32 |
Open | 21.35 |
Bid | 22.02 x 200 |
Ask | 22.20 x 100 |
Day's Range | 21.30 - 22.20 |
52 Week Range | 13.40 - 27.23 |
Volume | |
Avg. Volume | 77,240 |
Market Cap | 8.061B |
Beta (5Y Monthly) | 1.78 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -2.06 |
Earnings Date | N/A |
Forward Dividend & Yield | 0.20 (0.90%) |
Ex-Dividend Date | Mar 14, 2024 |
1y Target Est | 14.60 |
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S&P had placed Paramount on negative watch in February, pending the company's fourth-quarter results. Later that month, Paramount's revenue for the quarter fell short of market expectations, hurt by a soft advertising market, fallout from last year's Hollywood strikes and a slowdown in demand for traditional television.
(Bloomberg) -- Paramount Global’s debt rating was cut to junk by S&P Global Ratings, which cited pressure on cash flow because of the continued decline in the company’s broadcast and cable TV business.Most Read from BloombergBiden Gains Ground Against Trump in Six Key States, Poll ShowsLondon Insurers Face Baltimore Bridge Payouts Worth BillionsJapan Amps Up Intervention Threat as Yen Hits Lowest Since 1990Trump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest PeopleJPMorgan
The ratings company cut Paramount Global to BB-plus from BBB-minus, citing continuing cord cutting and elevated investments required to support the buildout of streaming services.