Price Don’t Lie: Quorum Health Corp Can’t Be More Safe. Trades Significantly Higher

Price Don't Lie: Quorum Health Corp Can't Be More Safe. Trades Significantly Higher

The stock of Quorum Health Corp (NYSE:QHC) is a huge mover today! About 101,669 shares traded hands. Quorum Health Corp (NYSE:QHC) has risen 6.00% since October 8, 2016 and is uptrending. It has outperformed by 4.04% the S&P500.
The move comes after 8 months positive chart setup for the $125.95M company. It was reported on Nov, 7 by Barchart.com. We have $8.29 PT which if reached, will make NYSE:QHC worth $119.65M more.

Analysts await Quorum Health Corp (NYSE:QHC) to report earnings on November, 9. QHC’s profit will be $296,353 for 106.25 P/E if the $0.01 EPS becomes a reality. After $-1.02 actual earnings per share reported by Quorum Health Corp for the previous quarter, Wall Street now forecasts -100.98% EPS growth.

Quorum Health Corp (NYSE:QHC) Ratings Coverage

Out of 7 analysts covering Quorum Health (NYSE:QHC), 0 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 0 are positive. Quorum Health has been the topic of 9 analyst reports since May 16, 2016 according to StockzIntelligence Inc. The firm has “Equal-Weight” rating given on Monday, May 16 by Morgan Stanley. The stock of Quorum Health Corp (NYSE:QHC) earned “Neutral” rating by Susquehanna on Wednesday, June 8. The rating was initiated by Credit Suisse on Friday, July 29 with “Neutral”. The stock has “Sector Perform” rating given by RBC Capital Markets on Friday, August 12. The firm has “Neutral” rating given on Friday, June 10 by UBS. The rating was initiated by Avondale on Monday, May 23 with “Market Perform”. The company was maintained on Monday, August 15 by Mizuho. Mizuho initiated the stock with “Neutral” rating in Monday, June 20 report. The firm has “Sell” rating by UBS given on Thursday, August 11.

According to Zacks Investment Research, “Quorum Health Corporation is an operator and manager of general acute care hospitals and outpatient services primarily in the United States. The company own or lease a diversified portfolio of hospitals. It also operates Quorum Health Resources, LLC, a hospital management advisory and consulting services business. Quorum Health Corporation is headquartered in Tennessee.”

More notable recent Quorum Health Corp (NYSE:QHC) news were published by: Marketwatch.com which released: “Quorum Health Corp.” on May 02, 2016, also Bizjournals.com with their article: “What’s next for CHS spinout Quorum Health Corporation?” published on August 19, 2016, Businesswire.com published: “Community Health Systems Completes Spin-off of Quorum Health Corporation” on April 29, 2016. More interesting news about Quorum Health Corp (NYSE:QHC) were released by: Businesswire.com and their article: “Quorum Health Corporation Announces Second Quarter 2016 Operating Results and …” published on August 10, 2016 as well as Prnewswire.com‘s news article titled: “Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Quorum Health …” with publication date: September 16, 2016.

QHC Company Profile

Quorum Health Corporation is an operator and manager of general acute care hospitals and outpatient services in the United States. The Firm operates in two divisions: 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). It operates QHR, which is a hospital management advisory and consulting services that provides services to non-affiliated general acute care hospitals. The Company’s hospitals and its affiliated businesses offer services, such as general acute care, emergency room, general and specialty surgery and rehabilitation services. On April 1, 2016, Community Health Systems, Inc. announced that its board of directors has approved the distribution to its stockholders of 100% of the common stock of a new, independent publicly traded company, Quorum Health Corporation.

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