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Rosenblatt Securities Maintains a Sell Rating on Paramount Global Class B (PARA)

Rosenblatt Securities analyst Barton Crockett maintained a Sell rating on Paramount Global Class B (PARAResearch Report) yesterday and set a price target of $19.00. The company’s shares closed last Friday at $25.56, close to its 52-week low of $23.69.

According to TipRanks.com, Crockett is a 4-star analyst with an average return of 4.1% and a 51.2% success rate. Crockett covers the Services sector, focusing on stocks such as Liberty Media Liberty Formula One, Lions Gate Entertainment Class B, and Live Nation Entertainment.

Currently, the analyst consensus on Paramount Global Class B is a Hold with an average price target of $32.22.

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The company has a one-year high of $44.23 and a one-year low of $23.69. Currently, Paramount Global Class B has an average volume of 9.13M.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PARA in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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