Quorum Health Corp (QHC) Given Average Rating of “Sell” by Analysts
Quorum Health Corp (NYSE:QHC) has been assigned an average rating of “Sell” from the seven brokerages that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $4.00.
A number of brokerages recently weighed in on QHC. Royal Bank of Canada restated a “hold” rating and issued a $5.00 price objective on shares of Quorum Health in a report on Tuesday, October 3rd. Zacks Investment Research lowered shares of Quorum Health from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Finally, ValuEngine upgraded shares of Quorum Health from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st.
In related news, SVP Shaheed Koury bought 10,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was acquired at an average cost of $4.69 per share, for a total transaction of $46,900.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.70% of the stock is currently owned by insiders.
Shares of Quorum Health (NYSE:QHC) traded up $0.05 during midday trading on Thursday, reaching $4.97. 293,971 shares of the company were exchanged, compared to its average volume of 318,383. Quorum Health has a 52 week low of $2.54 and a 52 week high of $9.46. The company has a quick ratio of 1.68, a current ratio of 1.84 and a debt-to-equity ratio of 9.39.
About Quorum Health
Quorum Health Corporation is an operator and manager of general acute care hospitals and outpatient services in the United States. The Company operates in two segments: Hospital operations, which includes its general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services, and hospital management advisory and consulting services, which includes Quorum Health Resources, LLC (QHR).
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