Sábado, 18 Setiembre, 2021

Concordia International Corp (CXRX) Stock Rating Reaffirmed by Canaccord Genuity

Concordia's results come amid accusations it colluded to keep drug prices high Concordia's results come amid accusations it colluded to keep drug prices high
Manuel Armenta | 16 Marcha, 2017, 19:13

The current consensus rating on Concordia International Corp (NASDAQ:CXRX) is Hold (Score: 1.60) with a consensus target price of $22.31 per share, a potential 1,026.82% upside.

Concordia International Corp (NASDAQ:CXRX) (TSE:CXR)'s stock had its "sell" rating reaffirmed by equities research analysts at Canaccord Genuity in a report released on Tuesday. The firm's market cap is $111.73 million.

A number of hedge funds have recently added to or reduced their stakes in CXRX. The company's price sits -12.76% below from its 50-day moving average of $2.34 and -76.11% below from the stock's 200-day moving average of $3.40. Royal Bank of Canada downgraded Concordia International Corp from a "sector perform" rating to an "underperform" rating in a research note on Wednesday, December 7th. (NASDAQ:CXRX) to report earnings on Mar, 15 for the fiscal quarter ending Dec 2016.

12/9/2016-Scotiabank was Downgraded by analysts at Scotiabank from a "Sector Perform " rating to a " Underperform" rating. Concordia International Corp (NASDAQ:CXRX) marked 52-week highest price level of $34.40 on 06/02/16 and 52-week lowest price level of $1.69 on 11/08/16.

There are 6 sell ratings, 2 hold ratings, 2 buy ratings on the stock. The company has a consensus rating of "Hold" and a consensus price target of $22.38. 707,190 shares of the company were exchanged. During the same quarter in the prior year, the firm posted $1.24 earnings per share. The business's revenue was down 11.2% compared to the same quarter past year.

Shares of Concordia International Corp closed the previous trading session at 1.98 down -0.21 -9.59% with 1,831,818 shares trading hands. If you are accessing this report on another site, it was stolen and republished in violation of United States & worldwide trademark & copyright legislation.

Reported Concordia International segment results in the fourth quarter that were 1.3% higher on a constant currency basis compared to the third quarter of 2016, increasing from £104.6 million to £106.0 million in the period. Continental Advisors LLC bought a new position in shares of Concordia International Corp during the fourth quarter valued at about $339,000. LMR Partners LLP purchased a new stake in Concordia International Corp during the third quarter valued at $344,000. Allianz Asset Management AG now owns 125,086 shares of the company's stock valued at $265,000 after buying an additional 54,998 shares during the last quarter. Finally, Allianz Asset Management AG boosted its stake in Concordia International Corp by 78.5% in the fourth quarter. Hedge funds and other institutional investors own 36.69% of the company's stock.