Quorum (QHC) is Reiterated by Mizuho to Neutral, Lowers Price Target to $ 5.75

Quorum (QHC) was Reiterated by Mizuho to “Neutral” while Lowering the Price Target of the company shares to $ 5.75 from a previous price target of $8.50 . Mizuho advised their investors in a research report released on Aug 15, 2016.

Many Wall Street Analysts have commented on Quorum. Shares were Reiterated by RBC Capital Mkts on Aug 12, 2016 to “Sector Perform” and Lowered the Price Target to $ 6 from a previous price target of $13 .Shares were Downgraded by UBS on Aug 11, 2016 to ” Sell” and Lowered the Price Target to $ 5.50 from a previous price target of $14 .Credit Suisse Initiated Quorum on Jul 29, 2016 to “Neutral”, Price Target of the shares are set at $12.

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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