The Teva Pharmaceutical Industries Limited (TEVA) Downgraded by ValuEngine to "Hold"

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During the same period past year, the business posted $1.38 earnings per share. The firm now has a hold rating on the stock. AT&T Inc. had 73 analyst reports since July 27, 2015 according to SRatingsIntel.

Teva Pharmaceutical Industries Ltd. (TEVA:NYSE) was established in 1901.

ValuEngine downgraded shares of Teva Pharmaceutical Industries Limited (NYSE:TEVA) from a buy rating to a hold rating in a research note issued to investors on Friday, September 1st. (The) restated a neutral rating and set a $21.00 target price (down from $28.00) on shares of Teva Pharmaceutical Industries Limited in a research report on Thursday, August 31st. Market analysts were expecting $5.28 billion. The firm's revenue for the quarter was down 15.9% on a year-over-year basis. analysts predict that Teva Pharmaceutical Industries will post 3.73 EPS for the current fiscal year. Teva Pharmaceutical Industries Limited (NYSE:TEVA) has declined 41.70% since February 8, 2017 and is downtrending.

Teva Pharmaceutical Industries on Thursday said its 2018 results would be weaker than expected and that it might encounter delays for an important new migraine drug, pushing the drugmaker's shares down more than 9 percent.

Teva Pharmaceutical Industries (NYSE:TEVA) last posted its quarterly earnings data on Thursday, February 8th.

For the current quarter, 22 analysts are projecting a mean EPS of $0.79/share. Teva Pharmaceutical Industries had a positive return on equity of 15.70% and a negative net margin of 24.35%. Fourth quarter 2017 revenues were $5.5 billion, down 16 percent compared to fourth quarter 2016.

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In late 2017 it announced a restructuring to combine its generic and specialty medicine businesses, cut more than a quarter of its workforce and close many of its factories.

A number of large investors have recently added to or reduced their stakes in the stock. San Francisco Sentry Investment Group CA bought a new position in Teva Pharmaceutical Industries during the 2nd quarter valued at $106,000. Korea Investment CORP now owns 244,774 shares of the company's stock valued at $4,308,000 after purchasing an additional 30,674 shares during the period. FMR LLC lifted its stake in shares of Teva Pharmaceutical Industries Limited by 16.7% in the second quarter. Bank of Nova Scotia now owns 6,903 shares of the company's stock valued at $229,000 after buying an additional 528 shares during the last quarter. Private Capital Management Inc. increased its holdings in shares of Teva Pharmaceutical Industries by 51.3% during the third quarter. Franklin Resources Inc. now owns 66,796,897 shares of the company's stock valued at $2,218,958,000 after purchasing an additional 6,685,844 shares during the period.

The company now has an insider ownership of 2.7 Percent and Institutional ownership of 55 Percent. The stock traded with the average Volume of 13.11 Million at the end of last session.

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Shares of Teva Pharmaceutical Industries closed the previous trading session at 18.70 down -2.15 10.31% with 18.719999313354492 shares trading hands. Barrow Hanley Mewhinney & Strauss Llc who had been investing in Teva Pharm for a number of months, seems to be less bullish one the $21.19B market cap company.

"We noted further deterioration in the USA generics market and economic environment, further limitations on our ability to influence generic medicines pricing in the long term and a decrease in value from future launches", Teva said. This, combined with the company's restructuring and speciality drug launches, would enable Teva to offset most of the decline in Copaxone revenue and return to growth.