ASTELLAS PHARMA/ADR (OTCMKTS:ALPMY) Upgraded by Zacks Investment Research to Buy

Zacks Investment Research upgraded shares of ASTELLAS PHARMA/ADR (OTCMKTS:ALPMY) from a hold rating to a buy rating in a research note issued to investors on Tuesday, Zacks.com reports. They currently have $20.00 price objective on the stock.

According to Zacks, “Astellas Pharma, Inc. is engaged in the research, development, manufacturing and marketing of pharmaceuticals drugs. Products offered by the Company include Prograf applicable for the prevention of rejection in organ transplants, Vesicare for treatment of overactive bladder, Protopic for the treatment of atopic dermatitis in the topical immunomodulator class, Harnal to treat the functional symptoms of benign prostatic hyperplasia (BPH), including weak urinary stream, frequent nighttime urination, and sensation of incomplete emptying of the bladder and Fungard an antifungal agent. Astellas Pharma, Inc. is headquartered in Tokyo, Japan. “

ALPMY has been the subject of a number of other reports. ValuEngine downgraded shares of ASTELLAS PHARMA/ADR from a sell rating to a strong sell rating in a report on Friday, January 31st. Morgan Stanley started coverage on shares of ASTELLAS PHARMA/ADR in a report on Thursday, January 23rd. They issued an overweight rating for the company.

Shares of ASTELLAS PHARMA/ADR stock opened at $17.25 on Tuesday. The company has a market capitalization of $32.92 billion, a PE ratio of 16.44 and a beta of 0.84. The company has a 50-day simple moving average of $17.32 and a two-hundred day simple moving average of $15.78. ASTELLAS PHARMA/ADR has a one year low of $12.77 and a one year high of $18.37.

About ASTELLAS PHARMA/ADR

Astellas Pharma Inc manufactures, markets, and imports and exports pharmaceutical products worldwide. The company offers XTANDI and Eligard for the treatment of prostate cancer; Betanis/Myrbetriq/BETMIGA for overactive bladder (OAB) treatment; Vesicare forOAB treatment; Harnal/Omnic for functional symptoms associated with benign prostatic hyperplasia; VESOMNI for storage symptoms and voiding symptoms associated with benign prostatic hyperplasia; Prograf and Advagraf/Graceptor/ASTAGRAF XL/Prograf XL, animmunosuppressant; and Funguard/MYCAMINE, a candin-type antifungal agent.

Further Reading: Are sell-side analysts objective?

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