Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Concordia International Corp. (CXRX) Share Price
Media headlines about Concordia International Corp. (NASDAQ:CXRX) (TSE:CXR) have been trending somewhat positive on Tuesday, according to Accern Sentiment. The research group scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Concordia International Corp. earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave media stories about the company an impact score of 44.9581339593581 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- Concordia International Corp. (CXRX) Set to Announce Earnings on Tuesday (americanbankingnews.com)
- Hot Stock in Focus: Concordia International Corp. (NASDAQ: CXRX) – The Investor Guide (wallstreetnews24.com)
- Concordia International Corp. (NASDAQ:CXRX) – Analysts’ Suggestions in the Limelight – Nasdaq Journal (press release) (nasdaqjournal.com)
- Concordia International Corp. (CXRX) Receives Consensus Rating of “Sell” from Brokerages (americanbankingnews.com)
- Zacks: Brokerages Expect Concordia International Corp. (CXRX) Will Announce Earnings of $0.14 Per Share (americanbankingnews.com)
A number of equities analysts have weighed in on CXRX shares. Zacks Investment Research raised shares of Concordia International Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. ValuEngine raised shares of Concordia International Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Five investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Sell” and a consensus target price of $0.50.
Shares of Concordia International Corp. (CXRX) traded down $0.01 during mid-day trading on Tuesday, hitting $0.54. 199,380 shares of the stock traded hands, compared to its average volume of 409,701. The company has a current ratio of 1.89, a quick ratio of 1.62 and a debt-to-equity ratio of -2.48. Concordia International Corp. has a twelve month low of $0.47 and a twelve month high of $3.52.
Concordia International Corp. (NASDAQ:CXRX) (TSE:CXR) last issued its quarterly earnings results on Friday, August 11th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.15 by $0.04. Concordia International Corp. had a negative net margin of 269.97% and a negative return on equity of 83.96%. The business had revenue of $160.80 million for the quarter, compared to analysts’ expectations of $160.92 million. During the same quarter last year, the company posted $1.38 earnings per share. The company’s quarterly revenue was down 30.6% compared to the same quarter last year. analysts anticipate that Concordia International Corp. will post 0.49 EPS for the current year.
About Concordia International Corp.
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