Could Teladoc, Inc. (TDOC) See a Reversal After Breaking Its 52-Week High?

June 13, 2018 - By Marie Mckinney

Teladoc, Inc. (NYSE:TDOC) Logo

The stock of Teladoc, Inc. (NYSE:TDOC) hit a new 52-week high and has $62.59 target or 6.00 % above today’s $59.05 share price. The 5 months bullish chart indicates low risk for the $3.76B company. The 1-year high was reported on Jun, 13 by Barchart.com. If the $62.59 price target is reached, the company will be worth $225.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 4.14% or $2.35 during the last trading session, reaching $59.05. About 2.28 million shares traded or 138.11% up from the average. Teladoc, Inc. (NYSE:TDOC) has risen 66.23% since June 13, 2017 and is uptrending. It has outperformed by 53.66% the S&P500.

Analysts await Teladoc, Inc. (NYSE:TDOC) to report earnings on August, 1. They expect $-0.35 EPS, down 25.00 % or $0.07 from last year’s $-0.28 per share. After $-0.39 actual EPS reported by Teladoc, Inc. for the previous quarter, Wall Street now forecasts -10.26 % EPS growth.

Teladoc, Inc. (NYSE:TDOC) Ratings Coverage

Among 13 analysts covering Teladoc (NYSE:TDOC), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Teladoc had 23 analyst reports since January 8, 2018 according to SRatingsIntel. The stock of Teladoc, Inc. (NYSE:TDOC) has “Buy” rating given on Friday, February 9 by Piper Jaffray. The stock of Teladoc, Inc. (NYSE:TDOC) has “Neutral” rating given on Tuesday, June 5 by Robert W. Baird. The rating was maintained by Oppenheimer on Monday, June 4 with “Buy”. Craig Hallum maintained it with “Hold” rating and $3900 target in Wednesday, May 2 report. The firm earned “Buy” rating on Wednesday, February 28 by Canaccord Genuity. The rating was maintained by SunTrust on Tuesday, June 5 with “Buy”. The rating was maintained by Canaccord Genuity with “Buy” on Tuesday, January 30. The stock of Teladoc, Inc. (NYSE:TDOC) earned “Hold” rating by Cantor Fitzgerald on Monday, June 4. The rating was maintained by KeyBanc Capital Markets with “Buy” on Monday, January 8. The rating was maintained by KeyBanc Capital Markets on Thursday, March 15 with “Overweight”.

More notable recent Teladoc, Inc. (NYSE:TDOC) news were published by: Seekingalpha.com which released: “Teladoc, Inc. (TDOC) Teladoc Acquires Advance Medical (Transcript)” on June 05, 2018, also Fool.com with their article: “Why Teladoc Inc. Stock Gained 18% in May” published on June 07, 2018, Seekingalpha.com published: “Teladoc Acquires Advance Medical For Global Service Expansion” on June 07, 2018. More interesting news about Teladoc, Inc. (NYSE:TDOC) were released by: Globenewswire.com and their article: “Teladoc Acquires Global Virtual Care Provider, Advance Medical” published on June 04, 2018 as well as Seekingalpha.com‘s news article titled: “Teladoc: Pump The Brakes” with publication date: June 13, 2018.

Teladoc, Inc. operates a telehealth platform that provides on-demand healthcare services to its members in the United States. The company has market cap of $3.76 billion. The Company’s solution connects clients with its physicians and behavioral health professionals that treat a range of conditions and cases, including acute diagnoses, such as upper respiratory infection, urinary tract infection, and sinusitis; dermatological conditions; anxiety; and smoking cessation. It currently has negative earnings. The firm offers its services through mobile devices, the Internet, video, and phone.

Teladoc, Inc. (NYSE:TDOC) Ratings Chart

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