Analyst Rating Update on Teladoc (TDOC)

Teladoc (NYSE:TDOC) : 10 brokerage houses believe that Teladoc (NYSE:TDOC) is a Strong Buy at current levels. Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 10 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.

Teladoc (NYSE:TDOC) : Average target price received by Teladoc (NYSE:TDOC) is $25.88 with an expected standard deviation of $7.06. The most aggressive target on the stock is $38, whereas the most downbeat target is $20. 8 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy. Also, Piper Jaffray initiates coverage on Teladoc (NYSE:TDOC). Piper Jaffray has a Overweight rating on the shares. The rating by the firm was issued on May 26, 2016.

Teladoc (NYSE:TDOC): stock turned positive on Tuesday. Though the stock opened at $13.24, the bulls momentum made the stock top out at $14.71 level for the day. The stock recorded a low of $13.21 and closed the trading day at $14.58, in the green by 10.96%. The total traded volume for the day was 914,294. The stock had closed at $13.14 in the previous days trading.

In an insider trading activity, Outland James K, director of Teladoc, Inc. had purchased 10,000 shares on March 17, 2016 in a transaction. The price per share was $10.7 and the total amount of the disclosed transaction was $107,000.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Teladoc, Inc. is a telehealth company. The Company offers an on-demand healthcare platform, through mobile devices, Internet, video and phone. Its solution connects consumers with physicians and behavioral health professionals or its providers, who treat various conditions and cases from acute diagnoses, such as upper respiratory infection, urinary tract infection and sinusitis to dermatological conditions, anxiety and smoking cessation. The Teladoc solution enables accessing on-demand healthcare for employers, health plans and health systems. Its platform provides accessing physicians, clinical programs and consumer engagement strategies. Its platform provides for interconnectivity between healthcare constituents. It offers solutions, such as remote patient monitoring, post-discharge treatment plan adherence and in-home and chronic care. Its customers also include channel partners such as brokers, resellers and consultants who sell into a range of small, medium and large enterprises.

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