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AZNCF - AstraZeneca: Strong 2022 Growth Bodes Well
AstraZeneca Plc
Summary
Pharmaceutical major AstraZeneca's stock might have sagged in January, but it got a boost recently after its 2022 earnings release.
Revenues and profits have both grown and the company is optimistic about 2023 as well, even though it expects slower growth as COVID-19 treatment sales decline.
Its P/E ratio is also lower than its long-term average, indicating more upside to the stock.