Teva Pharmaceutical Industries Ltd (NYSE:TEVA) was the recipient of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 80,161,471 shares, a drop of 13.6% from the November 15th total of 92,803,223 shares. Based on an average daily volume of 24,072,035 shares, the days-to-cover ratio is currently 3.3 days.

Shares of Teva Pharmaceutical Industries (NYSE TEVA) opened at $18.61 on Monday. Teva Pharmaceutical Industries has a one year low of $10.85 and a one year high of $38.31. The stock has a market cap of $18,907.76, a price-to-earnings ratio of 4.30 and a beta of 0.55. The company has a quick ratio of 0.66, a current ratio of 0.96 and a debt-to-equity ratio of 1.20.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Tuesday, November 28th were paid a $0.085 dividend. The ex-dividend date was Monday, November 27th. This represents a $0.34 dividend on an annualized basis and a yield of 1.83%. Teva Pharmaceutical Industries’s dividend payout ratio is currently -12.10%.

A number of institutional investors have recently added to or reduced their stakes in TEVA. Capital Research Global Investors lifted its holdings in Teva Pharmaceutical Industries by 13.8% in the 2nd quarter. Capital Research Global Investors now owns 76,325,059 shares of the company’s stock valued at $2,535,518,000 after purchasing an additional 9,260,426 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Teva Pharmaceutical Industries by 11.1% in the 2nd quarter. Franklin Resources Inc. now owns 66,796,897 shares of the company’s stock valued at $2,218,958,000 after purchasing an additional 6,685,844 shares in the last quarter. FMR LLC lifted its holdings in Teva Pharmaceutical Industries by 16.7% in the 2nd quarter. FMR LLC now owns 42,844,979 shares of the company’s stock valued at $1,423,310,000 after purchasing an additional 6,115,853 shares in the last quarter. Northern Cross LLC lifted its holdings in Teva Pharmaceutical Industries by 14.0% in the 2nd quarter. Northern Cross LLC now owns 17,795,579 shares of the company’s stock valued at $591,169,000 after purchasing an additional 2,184,172 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in Teva Pharmaceutical Industries by 2.5% in the 2nd quarter. Nordea Investment Management AB now owns 12,884,810 shares of the company’s stock valued at $428,033,000 after purchasing an additional 311,894 shares in the last quarter. 52.05% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently weighed in on TEVA shares. Cantor Fitzgerald set a $10.00 price target on shares of Teva Pharmaceutical Industries and gave the stock a “hold” rating in a report on Monday, November 27th. Zacks Investment Research upgraded shares of Teva Pharmaceutical Industries from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 4th. Goldman Sachs Group reiterated a “neutral” rating and issued a $21.00 price target (down previously from $28.00) on shares of Teva Pharmaceutical Industries in a report on Thursday, August 31st. BTIG Research upgraded shares of Teva Pharmaceutical Industries from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Monday, September 11th. Finally, Morgan Stanley set a $15.00 price target on shares of Teva Pharmaceutical Industries and gave the stock an “underweight” rating in a report on Thursday, October 5th. Five equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Teva Pharmaceutical Industries has an average rating of “Hold” and a consensus target price of $20.65.

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About Teva Pharmaceutical Industries

Teva Pharmaceutical Industries Limited is a pharmaceutical company. The Company is engaged in developing, producing and marketing generic medicines and a portfolio of specialty medicines. The Company operates through two segments: Generic medicines and Specialty medicines. The Company develops, manufactures and sells generic medicines in a range of dosage forms, including tablets, capsules, injectables, inhalants, liquids, ointments and creams.

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