BioTelemetry (BEAT) Lifted to “Buy” at BidaskClub
BioTelemetry (NASDAQ:BEAT) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.
Several other analysts have also recently commented on BEAT. Zacks Investment Research cut BioTelemetry from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. Raymond James Financial assumed coverage on BioTelemetry in a report on Thursday, October 26th. They issued an “outperform” rating and a $37.00 price target on the stock. Dougherty & Co reiterated a “buy” rating and issued a $40.00 price target on shares of BioTelemetry in a report on Wednesday, November 8th. Finally, SunTrust Banks assumed coverage on BioTelemetry in a report on Monday, October 23rd. They issued a “buy” rating and a $41.00 price target on the stock. Two analysts have rated the stock with a sell rating and seven have issued a buy rating to the stock. BioTelemetry presently has a consensus rating of “Buy” and a consensus target price of $42.86.
Shares of BioTelemetry (NASDAQ BEAT) opened at $32.95 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.48 and a current ratio of 1.60. The company has a market capitalization of $1,050.00, a price-to-earnings ratio of 25.15, a PEG ratio of 1.41 and a beta of 0.67. BioTelemetry has a 1-year low of $23.30 and a 1-year high of $39.20.
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BioTelemetry Company Profile
BioTelemetry, Inc (BioTelemetry), formerly CardioNet, Inc, provides cardiac monitoring services, cardiac monitoring device manufacturing, and centralized cardiac core laboratory services. The Company operates in three segments: patient services, product and research services. The patient services business segment’s principal focus is on the diagnosis and monitoring of cardiac arrhythmias or heart rhythm disorders, through its core Mobile Cardiac Outpatient Telemetry(MCOT), event and Holter services in a healthcare setting.
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