Shares of Tenet Healthcare Corp. (NYSE:THC) fell 3.6% on Thursday . The stock traded as low as $25.13 and last traded at $25.41, with a volume of 1,760,415 shares trading hands. The stock had previously closed at $26.37.

Several research firms recently weighed in on THC. Citigroup Inc. decreased their price objective on Tenet Healthcare Corp. from $36.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, August 4th. Zacks Investment Research downgraded Tenet Healthcare Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd. Morgan Stanley reiterated a “hold” rating and issued a $38.00 target price on shares of Tenet Healthcare Corp. in a report on Tuesday, August 2nd. Mizuho reiterated a “neutral” rating and issued a $28.00 target price (down from $33.00) on shares of Tenet Healthcare Corp. in a report on Tuesday, August 2nd. Finally, Jefferies Group reiterated a “buy” rating on shares of Tenet Healthcare Corp. in a report on Monday, July 11th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $33.50.

The company’s market cap is $2.55 billion. The company has a 50 day moving average of $28.82 and a 200-day moving average of $28.34.

Tenet Healthcare Corp. (NYSE:THC) last released its earnings results on Monday, August 1st. The company reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by $0.14. The firm earned $4.87 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same period in the prior year, the firm earned $0.75 EPS. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. Equities research analysts forecast that Tenet Healthcare Corp. will post $1.59 earnings per share for the current year.

Several hedge funds have added to or reduced their stakes in THC. OppenheimerFunds Inc. acquired a new stake in Tenet Healthcare Corp. during the fourth quarter worth about $1,122,000. Eaton Vance Management raised its stake in shares of Tenet Healthcare Corp. by 43.3% in the fourth quarter. Eaton Vance Management now owns 47,009 shares of the company’s stock valued at $1,424,000 after buying an additional 14,193 shares in the last quarter. Finally, BlackRock Advisors LLC raised its stake in shares of Tenet Healthcare Corp. by 26.8% in the fourth quarter. BlackRock Advisors LLC now owns 2,141,124 shares of the company’s stock valued at $64,876,000 after buying an additional 452,403 shares in the last quarter.

Tenet Healthcare Corporation (Tenet) is a healthcare services company. The Company operates regionally focused, integrated healthcare delivery networks in large urban and suburban markets in the United States. The Company operates through three segments: Hospital Operations and other, Ambulatory Care and Conifer.

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