Tenet Healthcare Corp. (NYSE:THC)’s share price 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 have weighed in on THC. Citigroup Inc. dropped their target price on shares of Tenet Healthcare Corp. from $36.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, August 4th. Ladenburg Thalmann upgraded shares of Tenet Healthcare Corp. from a “not rated” rating to an “underperform” rating in a report on Monday, June 13th. Zacks Investment Research downgraded shares of Tenet Healthcare Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 19th. Credit Suisse Group AG restated a “hold” rating on shares of Tenet Healthcare Corp. in a report on Tuesday, June 28th. Finally, Mizuho downgraded shares of Tenet Healthcare Corp. from a “buy” rating to a “neutral” rating and set a $33.00 target price for the company. in a report on Wednesday, May 4th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $33.50.

The firm’s 50-day moving average price is $28.71 and its 200 day moving average price is $28.34. The firm’s market cap is $2.54 billion.

Tenet Healthcare Corp. (NYSE:THC) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by $0.14. The business earned $4.87 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same quarter in the previous year, the firm posted $0.75 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. Equities analysts predict that Tenet Healthcare Corp. will post $1.55 EPS for the current year.

A hedge fund recently raised its stake in Tenet Healthcare Corp. stock. BlackRock Advisors LLC increased its stake in Tenet Healthcare Corp. (NYSE:THC) by 26.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,141,124 shares of the company’s stock after buying an additional 452,403 shares during the period. BlackRock Advisors LLC owned about 2.15% of Tenet Healthcare Corp. worth $64,876,000 at the end of the most recent 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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