Concordia International Corp. (NASDAQ:CXRX) (TSE:CXR) has been assigned a consensus rating of “Sell” from the eight ratings firms that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $0.50.

CXRX has been the topic of several research analyst reports. ValuEngine lowered shares of Concordia International Corp. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of Concordia International Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th.

Several institutional investors have recently modified their holdings of the company. Morgan Stanley boosted its position in shares of Concordia International Corp. 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. JPMorgan Chase & Co. boosted its position in shares of Concordia International Corp. 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. Toronto Dominion Bank boosted its position in shares of Concordia International Corp. by 1.0% during the 1st quarter. Toronto Dominion Bank now owns 81,608 shares of the company’s stock valued at $132,000 after acquiring an additional 782 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Concordia International Corp. during the 2nd quarter valued at about $124,000. Finally, Virtu KCG Holdings LLC boosted its position in shares of Concordia International Corp. 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. Institutional investors and hedge funds own 9.13% of the company’s stock.

Concordia International Corp. (NASDAQ:CXRX) (TSE:CXR) last posted its quarterly earnings results on Friday, August 11th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.04. The company had revenue of $160.80 million for the quarter, compared to analyst estimates of $160.92 million. Concordia International Corp. had a negative net margin of 269.97% and a negative return on equity of 83.96%. The business’s quarterly revenue was down 30.6% on a year-over-year basis. During the same period last year, the business posted $1.38 EPS.

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About Concordia International Corp.

Analyst Recommendations for Concordia International Corp. (NASDAQ:CXRX)

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