BidaskClub downgraded shares of Tenet Healthcare Corporation (NYSE:THC) from a hold rating to a sell rating in a report published on Saturday.

Other equities analysts have also issued reports about the company. Jefferies Group LLC reaffirmed a buy rating and issued a $26.00 target price (down from $28.00) on shares of Tenet Healthcare Corporation in a research report on Saturday, April 29th. Morgan Stanley initiated coverage on Tenet Healthcare Corporation in a research report on Tuesday, June 6th. They issued an equal weight rating and a $19.00 target price on the stock. Royal Bank Of Canada reaffirmed a hold rating and issued a $25.00 target price on shares of Tenet Healthcare Corporation in a research report on Tuesday, July 18th. Zacks Investment Research raised Tenet Healthcare Corporation from a sell rating to a hold rating in a research report on Wednesday, May 3rd. Finally, Mizuho reaffirmed a neutral rating and issued a $18.00 target price on shares of Tenet Healthcare Corporation in a research report on Sunday, April 23rd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $23.57.

Shares of Tenet Healthcare Corporation (THC) traded down 0.77% during trading on Friday, reaching $16.77. 2,636,471 shares of the company’s stock traded hands. The stock’s market capitalization is $1.69 billion. Tenet Healthcare Corporation has a 1-year low of $14.06 and a 1-year high of $28.08. The company has a 50 day moving average price of $18.91 and a 200 day moving average price of $18.21.

TRADEMARK VIOLATION NOTICE: “BidaskClub Downgrades Tenet Healthcare Corporation (NYSE:THC) to Sell” was first posted by Daily Political and is owned by of Daily Political. If you are accessing this article on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright law. The legal version of this article can be read at https://www.dailypolitical.com/2017/08/06/bidaskclub-downgrades-tenet-healthcare-corporation-nysethc-to-sell.html.

Large investors have recently bought and sold shares of the stock. Oxbow Advisors LLC purchased a new stake in Tenet Healthcare Corporation during the first quarter valued at about $1,229,000. Oregon Public Employees Retirement Fund raised its stake in Tenet Healthcare Corporation by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 27,911 shares of the company’s stock valued at $494,000 after buying an additional 400 shares in the last quarter. First Mercantile Trust Co. raised its stake in Tenet Healthcare Corporation by 23.8% in the first quarter. First Mercantile Trust Co. now owns 9,900 shares of the company’s stock valued at $175,000 after buying an additional 1,900 shares in the last quarter. Nationwide Fund Advisors raised its stake in Tenet Healthcare Corporation by 0.7% in the first quarter. Nationwide Fund Advisors now owns 132,283 shares of the company’s stock valued at $2,343,000 after buying an additional 968 shares in the last quarter. Finally, Columbus Circle Investors raised its stake in Tenet Healthcare Corporation by 24.6% in the first quarter. Columbus Circle Investors now owns 410,829 shares of the company’s stock valued at $7,276,000 after buying an additional 80,996 shares in the last quarter.

Tenet Healthcare Corporation Company Profile

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’s segments include Hospital Operations and Other, Ambulatory Care and Conifer. As of December 31, 2016, its subsidiaries operated 79 hospitals, including three academic medical centers, two children’s hospitals, two specialty hospitals and one critical access hospital.

Analyst Recommendations for Tenet Healthcare Corporation (NYSE:THC)

Receive News & Ratings for Tenet Healthcare Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tenet Healthcare Corporation and related companies with MarketBeat.com's FREE daily email newsletter.