Philip Morris International (PM) is Upgraded by Societe Generale to Hold

Philip Morris International (PM) was Upgraded by Societe Generale to ” Hold”. Earlier the firm had a rating of “Sell ” on the company shares. Societe Generale advised their investors in a research report released on Apr 21, 2016.

Many Wall Street Analysts have commented on Philip Morris International. Philip Morris International was Upgraded by BofA/Merrill to ” Buy” on Mar 24, 2016. Philip Morris International was Upgraded by Exane BNP Paribas to ” Outperform” on Mar 8, 2016. Philip Morris International was Resumed by Berenberg to “Hold” on Feb 2, 2016.

On the company’s financial health, Philip Morris International reported $0.98 EPS for the quarter, missing the analyst consensus estimate by $ -0.13 based on the information available during the earnings call on Apr 19, 2016. Analyst had a consensus of $1.11. The company had revenue of $6083.00 million for the quarter, compared to analysts expectations of $6280.03 million. The company’s revenue was down -8.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.16 EPS.

Philip Morris International opened for trading at $99.83 and hit $101.39 on the upside on Monday, eventually ending the session at $100.6, with a gain of 0.49% or 0.49 points. The heightened volatility saw the trading volume jump to 50,78,452 shares. Company has a market cap of $155,864 M.

In a different news, on Feb 19, 2016, Andre Calantzopoulos (Chief Executive Officer) sold 30,000 shares at $91.11 per share price.

Philip Morris International Inc. is a holding company engaged in the manufacture and sale of cigarettes other tobacco products and other nicotine-containing products in markets outside of the United States. The Company’s products are sold in more than 180 markets which include a range of international and local premium mid-price and low-price brands. Its premium price brands include Marlboro Merit Parliament and Virginia Slims; mid-price brands are L&M and Chesterfield and international brands include Bond Street Lark Muratti Next Philip Morris and Red & White. Its local cigarette brands consist of Sampoerna Dji Sam Soe and U Mild in Indonesia; Fortune Champion and Hope in the Philippines; Diana in Italy; Optima and Apollo-Soyuz in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont Canadian Classics and Number 7 in Canada; Best and Classic in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece and Petra in the Czech Republic and Slovakia.

Philip Morris International

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