undergroundnewsroom.com April 21, 2018

Maxim Group Reaffirms "Hold" Rating for Teva Pharmaceutical Industries Limited (NYSE:TEVA)

05 August 2017, 12:29 | Gordon Grant

Rumours circulated last month that Teva was lining up Astra Zeneca boss Pascal Soriot to take over as chief executive

Rumours circulated last month that Teva was lining up Astra Zeneca boss Pascal Soriot to take over as chief executive

The stock presently has a consensus rating of "Hold" and an average target price of $42.23. In a research report issued today, the analyst reiterated a Hold rating on VRX with a price target of $14, which implies a downside of 7% from current levels.

A number of other analysts have also weighed in on the stock. Finally, Cantor Fitzgerald began coverage on shares of Teva Pharmaceutical Industries in a research note on Thursday, June 15th.

Teva Pharmaceutical Industries Limited (TEVA) opened at 23.75 on Friday. Credit Suisse initiated Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) on Wednesday, May 4 with "Neutral" rating.

The share of Teva Pharmaceutical Industries Limited (TEVA) now has a value of $23.75 while the company's 52 week low is at $27.59, the shares dropped to the 52 week low on 08/03/17.

Teva Pharmaceutical Industries Limited (NYSE:TEVA) last announced its quarterly earnings results on Thursday, May 11th.

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Currently, the stock carries a price to earnings ratio of 294.81, a price to book ratio of 1.04, and a price to sales ratio of 1.41. The company has a market cap of $24.13 billion, a PE ratio of 304.49 and a beta of 0.46. The stock has a 50 day moving average of $31.96 and a 200-day moving average of $32.34. The 7 months bearish chart indicates high risk for the $23.97 billion company. The correct version of this news story can be viewed at https://rinconhillneighbors.org/2017/08/04/teva-pharmaceutical-industries-ltd-teva-shares-bought-by-harbour-capital-advisors-llc.html. This is an increase of approximately 864% compared to the typical daily volume of 6,922 put options. The market was so bad, that Teva took a $6.1 billion impairment charge related to the USA generics reporting unit for the quarter. The firm's revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter past year, the business posted $1.25 EPS. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & global copyright & trademark law.

Other equities research analysts have also issued research reports about the company. Cribstone Capital Management LLC boosted its stake in shares of Teva Pharmaceutical Industries Limited by 3.3% in the first quarter. Bank Hapoalim BM now owns 11,673 shares of the company's stock valued at $375,000 after buying an additional 980 shares during the period.

Teva suffered another major blow on Thursday as the New York Supreme Court threw out the company's claim that it had been defrauded in the acquisition of Mexican company Rimsa Pharmaceuticals for $2.3 billion in 2015.

Maruoka wrote, "For the quarter, we forecast a top line of $2.20 billion and adjusted EBITDA of $929.0 million; this compares to consensus revenue and adjusted EBITDA estimates of $2.23 billion and $910.7 million, respectively". Harel Insurance Investments & Financial Services Ltd. now owns 1,435,505 shares of the company's stock valued at $46,065,000 after buying an additional 1,435,151 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new position in Teva Pharmaceutical Industries during the fourth quarter worth about $1,523,000. Zacks Investment Research upgraded shares of Teva Pharmaceutical Industries Limited from a "sell" rating to a "hold" rating in a research report on Monday, April 17th. About 83.51 million shares traded or 734.27% up from the average. Teva Pharmaceutical Inds Ltd now has $22.61B valuation. "We have made important progress and it has been positive so far", he said, also deflecting questions from analysts on the prospects of splitting the company into two - generics and specialty drugs.

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