Is GlaxoSmithKline (NYSE:GSK) now a 'Sell' After a Merrill Lynch Downgrade?

GSK warns 2018 earnings hinge on generic competition to its blockbuster Advair inhaler

In particular, pricing dynamics and competitive pressure will affect Advair sales. The slowdown in sales of the Consumer Healthcare segment this year is also a concern. "Estimates are down ahead the company's Q4 release". They expect $0.64 earnings per share, down 1.54 % or $0.01 from last year's $0.65 per share.

Several research firms have recently commented on GSK. The firm earned "Neutral" rating on Tuesday, October 20 by Credit Suisse. Argus Research maintained it with "Buy" rating and $48 target in Monday, December 7 report. The rating was initiated by Cantor Fitzgerald on Friday, February 26 with "Hold". The stock has "Hold" rating by Deutsche Bank on Monday, July 4.

GlaxoSmithKline plc (NYSE:GSK) received a Buy rating from 2 analysts.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. The rating was maintained by Liberum Capital with "Buy" on Friday, May 5. About 1.86 million shares traded. Below is a list of GlaxoSmithKline plc (NYSE:GSK) latest ratings and price target changes. The company has a market cap of $94.97 billion, a PE ratio of 253.4753 and a beta of 0.90. 10,160,134 shares of the company's stock were exchanged, compared to its average volume of 8,540,000. Stockholders of record on Friday, November 10th will be paid a $0.5037 dividend. This represents a dividend yield of 1.41%. This is an increase from GlaxoSmithKline's previous quarterly dividend of $0.49.

On Thursday, November 9th, Patrick Vallance acquired 10 shares of GlaxoSmithKline stock. GlaxoSmithKline's payout ratio is now 163.12%. While talking about Performance of the Stock, GlaxoSmithKline plc now has a Weekly performance of 0.05%, monthly performance percentage is 6.06 percent, Quarterly performance is -8.99 percent, 6 months performance shows a percent value of -12.04% and Yearly Performance is -6.29 percent.

A number of large investors have recently bought and sold shares of the stock. Wealthcare Advisory Partners LLC now owns 3,520 shares of the pharmaceutical company's stock worth $143,000 after buying an additional 3,351 shares during the period. Finally, Concert Wealth Management Inc. raised its position in shares of GlaxoSmithKline PLC by 11.9% in the second quarter.

The company now has an insider ownership of 0.2 Percent and Institutional ownership of 10.2 Percent. Advisory Services Network LLC now owns 4,047 shares of the pharmaceutical company's stock worth $175,000 after buying an additional 788 shares during the period. Quadrant Capital Group LLC now owns 4,345 shares of the pharmaceutical company's stock worth $162,000 after buying an additional 148 shares during the period. Whittier Trust Co. raised its position in shares of GlaxoSmithKline PLC by 9.2% in the second quarter.

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GlaxoSmithKline plc is a global healthcare company.

GlaxoSmithKline is one of the world's leading research based pharmaceutical and healthcare companies and is committed to improving the quality of human life by enabling people to do more, feel better and live longer. The firm offers pharmaceutical products comprising medicines in the therapeutic areas, such as respiratory, anti-virals, central nervous system, cardiovascular and urogenital, metabolic, anti-bacterials, dermatology, rare diseases, immuno-inflammation, vaccines, and HIV.

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