Tenet receives ‘hold’ rating — 4 notes

Zacks gave Tenet Healthcare a “hold” rating for the short term, according to American Trade Journal.

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Here are four notes:

1. Zacks gave the stock a rank of 3, indicating a “hold” rating.

2. Tenet’s stock has a high estimate target price of $85 and a low price target estimate of $49.

3. During the last three-month period, Tenet shares have dropped 7.23 percent

4. The company’s year-to-date stock performance is down 6.83 percent.

More articles on surgery centers:
8 hospitals & health systems opening ASCs — September 10, 2015
Surgery Center of Kenai files for $1M in equity financing
4 recent ASC acquisitions & partnerships — Aug. 8, 2015

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

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Is ambulatory care healthcare’s big margin engine? 4 leaders weigh in

Wednesday, July 29
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Presenters: Joe Ganley, athenahealthJeffrey Flynn, CASC, Gramercy Surgery CenterBryan Tsao, Access Center, Loma Linda University HealthJason Zepeda, Northridge Hospital Medical Center, CommonSpirit HealthGreg DeConciliis, PA-C, CASC, Boston Out­Patient Surgical Suites

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