Concordia International (NASDAQ:CXRX) (TSE:CXR) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Separately, Zacks Investment Research cut shares of Concordia International from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 17th. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $0.50.

Shares of Concordia International (CXRX) traded down $0.00 during midday trading on Friday, hitting $0.51. The stock had a trading volume of 119,676 shares, compared to its average volume of 191,490. The company has a debt-to-equity ratio of -2.38, a current ratio of 1.68 and a quick ratio of 1.46. Concordia International has a fifty-two week low of $0.45 and a fifty-two week high of $3.52.

Institutional investors have recently modified their holdings of the business. Morgan Stanley raised its holdings in shares of Concordia International by 467.8% in the first quarter. Morgan Stanley now owns 1,012,978 shares of the company’s stock valued at $1,651,000 after purchasing an additional 834,576 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Concordia International by 290.2% in the second 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 during the last quarter. Canada Pension Plan Investment Board acquired a new position in Concordia International in the second quarter valued at $124,000. Virtu KCG Holdings LLC raised its position in Concordia International by 363.8% in the second quarter. Virtu KCG Holdings LLC now owns 78,635 shares of the company’s stock valued at $123,000 after purchasing an additional 61,679 shares during the period. Finally, FMR LLC purchased a new stake in shares of Concordia International during the first quarter worth about $108,000. 8.82% of the stock is currently owned by hedge funds and other institutional investors.

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About Concordia International

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