Tenet Healthcare Corp (NYSE:THC) has received a “B” credit rating from Morningstar. The research firm’s “B” rating suggests that the company is a high default risk. They also gave their stock a four star rating.

Several other brokerages also recently commented on THC. Barclays reaffirmed an “overweight” rating and issued a $47.00 target price (down previously from $62.00) on shares of Tenet Healthcare Corp in a research note on Thursday, October 8th. Susquehanna lowered their price objective on shares of Tenet Healthcare Corp from $52.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday, October 19th. Mizuho increased their price objective on shares of Tenet Healthcare Corp from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 2nd. JPMorgan Chase & Co. lowered their price objective on shares of Tenet Healthcare Corp from $52.00 to $38.00 and set a “neutral” rating for the company in a research report on Wednesday, November 4th. Finally, Raymond James lowered their price objective on shares of Tenet Healthcare Corp from $45.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, November 6th. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $50.06.

In related news, major shareholder Glenview Capital Management, L acquired 900,000 shares of the stock in a transaction dated Friday, November 13th. The stock was bought at an average price of $32.56 per share, for a total transaction of $29,304,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Tenet Healthcare Corp (NYSE:THC) opened at 27.35 on Tuesday. The stock’s 50 day moving average is $27.20 and its 200-day moving average is $38.42. The firm has a market cap of $2.73 billion and a PE ratio of 155.40. Tenet Healthcare Corp has a 1-year low of $21.91 and a 1-year high of $60.93.

Tenet Healthcare Corporation is a healthcare services company. The Company operates regionally focused, integrated healthcare delivery networks in large urban and suburban markets. As of December 31, 2014, it operated 80 hospitals, 210 outpatient centers, six health plans and Conifer Health Solutions, LLC (NYSE:THC), which provides healthcare business process services in the areas of revenue cycle management, value-based care and patient communications. It provides operational management for revenue cycle functions, including patient access, health information management, revenue integrity and patient financial services. It also offers communications and engagement solutions to optimize the relationship between providers and patients. Conifer operates a management services business that supports value-based performance through clinical integration, financial risk management and population health management. It has two operating segments: Hospital Operations and other, and Conifer.

12 Month Chart for NYSE:THC

To view more credit ratings from Morningstar, visit www.jdoqocy.comclick-7674909-10651170.

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