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Barrington Remains a Hold on Paramount Global Class B (PARA)

Barrington analyst James Goss maintained a Hold rating on Paramount Global Class B (PARAResearch Report) today. The company’s shares closed yesterday at $26.30.

According to TipRanks, Goss is an analyst with an average return of -2.1% and a 42.49% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Entertainment Class A, Warner Bros, and Paramount Global Class B.

In addition to Barrington, Paramount Global Class B also received a Hold from Credit Suisse’s Douglas Mitchelson in a report issued on August 5. However, on August 8, Wolfe Research maintained a Sell rating on Paramount Global Class B (NASDAQ: PARA).

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Based on Paramount Global Class B’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $7.78 billion and a net profit of $419 million. In comparison, last year the company earned a revenue of $6.56 billion and had a net profit of $1.04 billion

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ViacomCBS Inc. is a diversified multinational mass media conglomerate. The company owns and operates broadcast television stations, and provides cable network services including subscription and a free streaming TV platform. It also engages in developing, producing, financing, acquiring, and distributing films, television programming, and other entertainment content. In addition, the company publishes and distributes adult and children’s consumer books in digital, audio and printed formats.

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