Concordia International Corp (CXRX) Given Consensus Rating of “Hold” by Brokerages

Shares of Concordia International Corp (NASDAQ:CXRX) (TSE:CXR) have earned a consensus rating of “Hold” from the six research firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $0.50.

CXRX has been the topic of several recent analyst reports. ValuEngine raised Concordia International from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research upgraded shares of Concordia International from a “strong sell” rating to a “hold” rating in a research note on Monday, October 16th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC bought a new stake in shares of Concordia International in the first quarter worth about $108,000. Morgan Stanley boosted its position in Concordia International by 467.8% during the 1st quarter. Morgan Stanley now owns 1,012,978 shares of the company’s stock valued at $1,651,000 after acquiring an additional 834,576 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Concordia International during the 2nd quarter valued at approximately $124,000. JPMorgan Chase & Co. boosted its position in Concordia International by 290.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 142,919 shares of the company’s stock valued at $223,000 after acquiring an additional 106,290 shares in the last quarter. Finally, Virtu KCG Holdings LLC boosted its position in Concordia International by 363.8% during the 2nd quarter. Virtu KCG Holdings LLC now owns 78,635 shares of the company’s stock valued at $123,000 after acquiring an additional 61,679 shares in the last quarter. Hedge funds and other institutional investors own 8.82% of the company’s stock.

Shares of Concordia International (NASDAQ:CXRX) opened at $0.52 on Friday. The company has a debt-to-equity ratio of -2.38, a quick ratio of 1.46 and a current ratio of 1.68. Concordia International has a 52 week low of $0.45 and a 52 week high of $3.52.

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Concordia International Company Profile

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