Philip Morris International traded at $179.44 this Wednesday June 17th, decreasing $4.62 or 2.51 percent since the previous trading session. Looking back, over the last four weeks, Philip Morris International lost 6.30 percent. Over the last 12 months, its price fell by 1.74 percent. Looking ahead, we forecast Philip Morris International to be priced at 180.56 by the end of this quarter and at 169.78 in one year, according to Trading Economics global macro models projections and analysts expectations.
Philip Morris International Inc. is a holding company. The Company is engaged in the manufacture and sale of cigarettes, as well as smoke-free products, electronic devices and accessories, and other nicotine-containing products in markets outside the United States of America. Its segments include European Union Region (EU); Eastern Europe Region (EE); Middle East & Africa Region (ME&A); South & Southeast Asia Region (S&SA); East Asia & Australia Region (EA&A), and Latin America & Canada Region (LA&C). Its portfolio of international and local brands is led by Marlboro. Its other cigarette brands include Bond Street, Chesterfield, L&M, Lark and Philip Morris. It owns various local cigarette brands, such as Dji Sam Soe, Sampoerna A and Sampoerna U in Indonesia, and Fortune and Jackpot in the Philippines. Its IQOS smoke-free product brand includes heated tobacco and nicotine-containing vapor products. It also develops a pipeline of inhaled therapeutics and respiratory drug delivery.