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A statement released earlier today by RBC Capital Markets about Tenet Healthcare Corporation (NYSE:THC) bumps down the target price to $17.00

Yesterday Tenet Healthcare Corporation (NYSE:THC) traded 0.20% higher at $13.77. The company’s 50-day moving average is $15.55 and its 200-day moving average is $16.89. The last closing price is down -13.03% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time. 3,013,019 shares of the stock were exchanged, down from an average trading volume of 4,568,680

RBC Capital Markets bumped down the target of Tenet Healthcare Corporation (NYSE:THC) to $17.00 indicating a possible upside of 0.23%.

Previously on Tuesday August 08, 2017, Jefferies & Co reported on Tenet Healthcare Corporation (NYSE:THC) lowered the target price from $26.00 to $24.00. At the time, this indicated a possible upside of 0.64%.

See Chart Below

Tenet Healthcare Corporation (NYSE:THC)

Tenet Healthcare Corporation has a 52 week low of $12.25 and a 52 week high of $24.13 The company’s market cap is currently $0.

In addition to RBC Capital Markets reporting its target price, a total of 18 brokers have issued a report on the stock. The consensus target price is $36.89 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Tenet Healthcare Corporation (NYSE:THC)

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. The Company's Ambulatory Care segment includes the operations of its USPI joint venture and its Aspen facilities. As of December 31, 2016, Conifer provided one or more of the business process services described above from 20 service centers to more than 800 Tenet and non-Tenet hospital and other clients in over 40 states. As of December 31, 2016, the Company operated 20 short-stay surgical hospitals, over 470 outpatient centers, and nine facilities in the United Kingdom.

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