Teva Pharmaceutical Industries Ltd (ADR) (TEVA) is Downgraded by Goldman to Neutral

Teva Pharmaceutical Industries Ltd (ADR) (TEVA) was Downgraded by Goldman to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Goldman advised their investors in a research report released on Jul 15, 2016.

Many Wall Street Analysts have commented on Teva Pharmaceutical Industries Ltd (ADR). Shares were Reiterated by RBC Capital Mkts on Jul 12, 2016 to “Outperform” and Lowered the Price Target to $ 71 from a previous price target of $75 .Shares were Reiterated by Deutsche Bank on May 10, 2016 to “Buy” and Lowered the Price Target to $ 71 from a previous price target of $80 .Shares were Reiterated by Mizuho on May 10, 2016 to “Buy” and Lowered the Price Target to $ 75 from a previous price target of $78 .

On the company’s financial health, Teva Pharmaceutical Industries Ltd (ADR) reported $1.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 9, 2016. Analyst had a consensus of $1.17. The company had revenue of $4810.00 million for the quarter, compared to analysts expectations of $4774.14 million. The company’s revenue was down -3.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.36 EPS.

Teva Pharmaceutical Industries Ltd (ADR) opened for trading at $55.31 and hit $56.44 on the upside on Wednesday, eventually ending the session at $54.46, with a gain of 3.81% or 2 points. The heightened volatility saw the trading volume jump to 1,67,55,596 shares. Company has a market cap of $49,776 M.

Teva Pharmaceutical Industries Limited (Teva) is a global pharmaceutical and drug company. The Company’s generic products cover almost every major therapeutic area. The Company operates its business in two segments: Generic medicines which manufactures and sells generic pharmaceutical products in several dosage forms including tablets capsules injectables inhalants liquids ointments and creams and Specialty medicines which delivers solutions to patients and providers via medicines devices and services. Its Central Nervous System (CNS) portfolio includes Copaxone Azilect and Nuvigil. Its main respiratory medicines include ProAir hydrofluoroalkane QVAR and Duoresp Spiromax. Its oncology portfolio includes Treanda Trisenox Granix Synribo Lonquex Tevagrastim/Ratiograstim Myocet Trisenox and Eporatio. Its women’s health portfolio includes ParaGard Plan B One-Step OTC/Rx (levonorgestrel) and Zoely.

Teva Pharmaceutical Industries Ltd (ADR)

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