Quorum (QHC) is Downgraded by UBS to Sell, Lowers Price Target to $ 5.50

Quorum (QHC) was Downgraded by UBS to ” Sell” while Lowering the Price Target of the company shares to $ 5.50 from a previous price target of $14 . Earlier the firm had a rating of “Neutral ” on the company shares. UBS advised their investors in a research report released on Aug 11, 2016.

Many Wall Street Analysts have commented on Quorum. Credit Suisse Initiated Quorum on Jul 29, 2016 to “Neutral”, Price Target of the shares are set at $12.Mizuho Initiated Quorum on Jun 20, 2016 to “Neutral”, Price Target of the shares are set at $11.25.UBS Initiated Quorum on Jun 10, 2016 to “Neutral”, Price Target of the shares are set at $14.

On the company’s financial health, Quorum reported $-8.63 EPS for the quarter, missing the analyst consensus estimate by $ -8.74 based on the information available during the earnings call on Aug 10, 2016. Analyst had a consensus of $0.11. The company had revenue of $529.70 million for the quarter, compared to analysts expectations of $564.19 million. The company’s revenue was down -1.6 % compared to the same quarter last year.

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Quorum - Is it time to Sell?

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