Tenet Healthcare Corporation (THC) : Analyst Rating Update

Tenet Healthcare Corporation (THC) : Zacks Investment Research ranks Tenet Healthcare Corporation (THC) as 3, which is a Hold recommendation. 10 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 18 research analysts is 1.83, which indicates as a Buy.

Tenet Healthcare Corporation (THC) : The highest short term price target forecast on Tenet Healthcare Corporation (THC) is $62 and the lowest target price is $30. A total of 15 equity analysts are currently covering the company. The average price of all the analysts is $39.87 with a standard deviation of $7.75.

Tenet Healthcare Corporation (NYSE:THC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.07 and $26.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.11. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.85, notching a gain of 2.39% for the day. The total traded volume was 976,237 . The stock had closed at $27.20 on the previous day.

Also, Ladenburg Thalmann upgrades its view on Tenet Healthcare Corporation (NYSE:THC) according to the research report released by the firm to its investors. The shares have now been rated Underperform by the stock experts at the ratings house. Earlier, the shares had a rating of Not Rated. The rating by the firm was issued on June 13, 2016. The company shares have dropped -53.50% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $60.93 and the one year low was seen on Feb 16, 2016. The 50-Day Moving Average price is $28.32 and the 200 Day Moving Average price is recorded at $28.02.

Tenet Healthcare Corporation is a healthcare services company. The Company operates regionally focused, integrated healthcare delivery networks in large urban and suburban markets. As of December 31, 2014, it operated 80 hospitals, 210 outpatient centers, six health plans and Conifer Health Solutions, LLC (Conifer), which provides healthcare business process services in the areas of revenue cycle management, value-based care and patient communications. It provides operational management for revenue cycle functions, including patient access, health information management, revenue integrity and patient financial services. It also offers communications and engagement solutions to optimize the relationship between providers and patients. Conifer operates a management services business that supports value-based performance through clinical integration, financial risk management and population health management. It has two operating segments: Hospital Operations and other, and Conifer.

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