Gedeon Richter Nyrt., Hungary’s largest drugmaker, headed for its steepest slide in almost 15 months as a lower revenue guidance prompted analysts from Jefferies Group LLC to UBS AG to downgrade the stock.
Gedeon Richter Nyrt., Hungary’s largest drugmaker, plunged to the lowest level in almost a month after fourth-quarter profit missed analysts’ estimates and the company said revenue may decline this year.
Magyar Telekom Nyrt., Deutsche Telekom AG’s Hungarian unit, fell to a record after MSCI Inc. said it will remove the shares of from its emerging-markets index, while adding those of Gedeon Richter Nyrt.
Emerging-market stocks capped the biggest decline in three months, led by commodity and technology companies, after data showed a slowdown in Chinese manufacturing. Brazil’s real led losses among major currencies.