Zacks Investment Research downgraded Philip Morris International Inc. (NYSE:PM) to Hold in a report released today.
- Updated: September 23, 2016
Zacks Investment Research has downgraded Philip Morris International Inc. (NYSE:PM) to Hold in a report released on 09/23/2016.
Previously on 9/21/2016, Jefferies & Co reported about Philip Morris International Inc. (NYSE:PM) raised the target price from $0.00 to $96.00. At the time, this indicated a possible downside of -0.03%.
Yesterday Philip Morris International Inc. (NYSE:PM) traded -0.04% lower at $101.76. The company’s 50-day moving average is $99.80 and its 200-day moving average is $99.63. The last stock close price is up 2.06% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 2,936,042 shares of Philip Morris International Inc. exchanged hands, down from an avg. volume of 4,391,410
With a total market value of $0, Philip Morris International Inc. has price-earnings ratio of 24.33 with a one year low of $78.03 and a one year high of $104.20 .
A total of 15 equity analysts have released a ratings update on PM. Three equity analysts rating the company a strong buy, five equity analysts rating the company a buy, eight equity analysts rating the company a hold, two equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $99.95.
Brief Synopsis About Philip Morris International Inc. (NYSE:PM)
Philip Morris International Inc. is a holding company engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Company's products are sold in over 180 markets. Its segments include European Union; Eastern Europe, Middle East & Africa; Asia, and Latin America & Canada. The Company's premium price brands include Marlboro, Merit, Parliament and Virginia Slims; mid-price brands include L&M and Philip Morris, and other international brands include Bond Street, Chesterfield, Lark, Muratti, Next and Red & White. Its local cigarette brands consist of Dji Sam Soe, Sampoerna and U Mild in Indonesia; Champion, Fortune and Hope in the Philippines; Apollo-Soyuzand Optima in Russia; Morven Gold in Pakistan; Boston in Colombia, Belmont, Canadian Classics and Number 7 in Canada; Best in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece, and Petra in the Czech Republic and Slovakia.
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