Teva to fire 7000 employees worldwide after reports of $6 billion loss

Teva's Quarter Earnings Miss Guidance Cut Dividend Devastated

Yesterday, Cantor Fitzgerald told investors that it was reducing its price target on Teva's stock from $31.00 to $27.00 - while reiterating a Neutral rating.

Several other research analysts also recently weighed in on TEVA. Guinness Asset Management Ltd acquired 100,250 shares as Teva Pharmaceutical Inds Ltd (TEVA)'s stock declined 15.11%.

Teva Pharmaceutical Industries Ltd. today reported results for the quarter ended June 30, 2017. One equities research analyst has rated the stock with a sell rating, twenty-one have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock.

Teva Pharmaceutical Industries Limited (TEVA) stock price yielded a negative -12.81% lead over its 52-week low and communicated declining move of -56.87% over its 52-week high. Sii Investments Inc. WI raised its stake in Teva Pharmaceutical Industries Limited by 0.4% in the first quarter. The stock had a trading volume of 62,024,408 shares. Hersha Hospitality Trust has a one bull (extreme weakness) technical rating because it's trading below the 10 day, 50 day and 200 day simple moving averages while the 10-day moving average is below the 50-day moving average and the 50-day moving average is below the 200-day moving average. The firm has a market capitalization of $24.13 billion, a PE ratio of 304.49 and a beta of 0.46. The 7 months bearish chart indicates high risk for the $23.97 billion company.

Teva Pharmaceutical Industries (TEVA) opened at 23.75 on Tuesday.

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In premarket trading on the stock market today, Teva fell almost 9% to 28.55. This represents an increase of approximately 864% compared to the typical volume of 6,922 put options.

Teva Pharmaceutical Industries Limited (NYSE:TEVA) belongs to Healthcare sector, to cut down amount of noise on price chart, shares of firm has 20 days moving average price of -25.98% from last close price of 23.75 and act as support or resistance of price limit. The company reported $0.99 earnings per share for the quarter, missing analysts' consensus estimates of $1.06 by $0.07. Teva Pharmaceutical Industries Limited had a net margin of 1.49% and a return on equity of 16.38%. The company had revenue of $5.69 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter a year ago, the business posted $1.25 EPS. The company's quarterly revenue was up 12.9% compared to the same quarter previous year.

ILLEGAL ACTIVITY WARNING: This piece of content was originally published by Week Herald and is owned by of Week Herald. The legal version of this story can be viewed at https://stocknewstimes.com/2017/08/04/teva-pharmaceutical-industries-limited-nyseteva-upgraded-to-buy-at-vetr-inc-updated.html. Schulhoff & Co. Inc. now owns 11,601 shares of the company's stock valued at $372,000 after buying an additional 1,004 shares during the last quarter. The stock declined 8.29% or $1.97 reaching $21.78 on the news.

Teva Pharmaceutical Industries Limited (NYSE:TEVA) last posted its quarterly earnings data on Thursday, August 3rd. Chevy Chase Trust Holdings Inc. now owns 6,742 shares of the company's stock valued at $224,000 after buying an additional 469 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its stake in Teva Pharmaceutical Industries Limited by 21.3% in the fourth quarter.

The Allergan deal made Teva the world's biggest maker of copycat medicines, but the drugmaker has faced criticism for paying too much in a wrong-way bet on the global generics industry. The Company is engaged in developing, producing and marketing generic medicines and a portfolio of specialty medicines. The Firm operates through three divisions: the Precision Bearing Components Group, the Precision Engineered Products Group and the Autocam Precision Components Group.

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