Teva Shares Get CRUSHED Again and Earn This Unwanted Distinction, Jim Cramer Says

Teva gets rocked.
By Brian Sozzi ,

The beating in Teva Pharmaceuticals (TEVA) - Get Report continues. 

Teva Pharmaceutical Industries Ltd. stock plummeted almost 11% Friday following weak second quarter earnings reported Thursday, leaving analysts unsure if the company will be able to pay down its $35 billion-plus debt pile. Teva shares have crashed to the tune of 34% inside of five trading sessions. 

Oppenheimer analyst Derek Archila downgraded Teva to "perform" from "outperform" as the company cut guidance and reduced its dividend.

Archila said there is no longer a "clear path" for the company to return to growth in a "timely manner."

"We do not view Teva as a growth story in the near-to-medium term and continued focus on cost cutting/divestments are required to ensure it meets its debt obligations," wrote Archila in a note Thursday.

As of June 30 Teva's debt pile stood at $35.1 billion, compared to $34.6 billion at the end of March.

TheStreet's founder and Action Alerts PLUS portfolio manager Jim Cramer noted on Thursday that Teva is the weakest player in its group. 

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