Quorum (QHC) is Reiterated by RBC Capital Mkts to Sector Perform, Lowers Price Target to $ 6

Quorum (QHC) was Reiterated by RBC Capital Mkts to “Sector Perform” while Lowering the Price Target of the company shares to $ 6 from a previous price target of $13 . RBC Capital Mkts advised their investors in a research report released on Aug 12, 2016.

Many Wall Street Analysts have commented on Quorum. 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.Mizuho Initiated Quorum on Jun 20, 2016 to “Neutral”, Price Target of the shares are set at $11.25.

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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