Tenet Healthcare Corp.THC was a big mover last session, as the company saw its shares rise over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 29.3% in the past one-month time frame.
The company has seen a mixed track record when it comes to estimate revisions of one increase and one decrease over the past one month, while the Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this hospital stock going forward to see if Friday's move higher can last.
Tenet Healthcare currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is positive.
A better-ranked stock in the same industry is Adeptus Health Inc. ADPT , sporting a Zacks Rank #1 (Strong Buy).
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TENET HEALTH (THC): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
