Astrazeneca PLC (AZN) Upgraded at Pareto Securities

Paterniano Del Favero
Agosto 1, 2017

AstraZeneca plc (ADR) (NYSE:AZN) has risen 19.45% since July 31, 2016 and is uptrending. The company now has a consensus rating of "Hold" and an average target price of $33.39. The third largest holder is Bank Of America Corp /De/, which now holds $1.38 billion worth of this stock and that ownership represents almost 1.93% of its market capitalization. The institutional investor held 35.33M shares of the major pharmaceuticals company at the end of 2016Q4, valued at $965.21 million, down from 38.72M at the end of the previous reported quarter.

Investors and Traders continue to monitor technical levels of shares of Hanesbrands Inc. BidaskClub cut shares of Astrazeneca PLC from a "buy" rating to a "hold" rating in a research report on Tuesday, July 11th. The stock has a 50 day moving average of GBX 5,140.37 and a 200-day moving average of GBX 4,864.62. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company's stock. Tompkins Financial Corp now owns 3,545 shares of the company's stock worth $100,000 after buying an additional 1,422 shares during the period. During the same period in the prior year, the company earned $0.83 EPS. Primecap Management Co. CA increased its position in Astrazeneca PLC by 32.1% in the first quarter.

Astrazeneca PLC (NYSE:AZN) last posted its quarterly earnings results on Thursday, July 27th. IFP Advisors Inc now owns 14,570 shares of the company's stock valued at $497,000 after buying an additional 3,235 shares in the last quarter.

Digging a bit further, company shares have been noted -15.74% off the 52 week high and 17.40% away from the 52 week low. The business had revenue of $5.05 billion for the quarter, compared to the consensus estimate of $5.04 billion. Credit Suisse upgraded the stock to "Neutral" rating in Friday, May 12 report.

Analysts' ultimate objective when projecting revenue is to determine the appropriate value for a stock. Tompkins Financial Corp raised its stake in shares of Astrazeneca PLC by 67.0% in the first quarter. Oliver Luxxe Assets LLC increased its stake in shares of Astrazeneca PLC by 3.2% in the first quarter. Atria Investments LLC now owns 24,566 shares of the company's stock valued at $765,000 after buying an additional 2,521 shares in the last quarter.

TRADEMARK VIOLATION WARNING: This news story was first published by StockNewsTimes and is the sole property of of StockNewsTimes. The stock of AstraZeneca plc (ADR) (NYSE:AZN) earned "Buy" rating by Cantor Fitzgerald on Friday, February 26. Finally, Quadrant Capital Group LLC boosted its position in Astrazeneca PLC by 157.1% in the first quarter. BlackRock Inc. now owns 6,910,657 shares of the company's stock worth $215,198,000 after buying an additional 6,908,257 shares during the period. Shareholders of record on Friday, August 11th will be paid a dividend of $0.44 per share. If you are reading this report on another publication, it was illegally copied and reposted in violation of worldwide trademark and copyright law.

AstraZeneca PLC (AZN) stock moved downswing along with the volume 10.78 million shares in Monday session. This represents a dividend yield of 2.98%. The correct version of this report can be viewed at https://sportsperspectives.com/2017/08/01/astrazeneca-plc-azn-shares-sold-by-central-trust-co-updated.html. Given the current horizontal trend you can expect Astrazeneca PLC with 90% probability for the price to range between $29.35 and $37.93 in this timeframe.

On 7/29/2016 Astrazeneca PLC announced a dividend of $0.44 with an ex dividend date of 8/10/2016 which will be payable on 9/12/2016. Astrazeneca PLC's dividend payout ratio is presently 44.92%. The Firm focuses on discovery and development of products, which are then manufactured, marketed and sold.

Institutional investors now hold around $11.09 billion or 15.2% in AZN stock. The Firm focuses on three main therapy areas: Oncology, Cardiovascular & Metabolic Disease (CVMD) and Respiratory, while selectively pursuing therapies in Autoimmunity, Infection and Neuroscience.

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