A Reversal for Teladoc, Inc. (TDOC) Is Not Near. The Stock Reaches 52-Week High Today

June 17, 2018 - By Dolores Ford

Teladoc, Inc. (NYSE:TDOC) Logo

The stock of Teladoc, Inc. (NYSE:TDOC) hit a new 52-week high and has $63.28 target or 4.00 % above today’s $60.85 share price. The 5 months bullish chart indicates low risk for the $3.88B company. The 1-year high was reported on Jun, 17 by Barchart.com. If the $63.28 price target is reached, the company will be worth $155.00M 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 0.41% or $0.25 during the last trading session, reaching $60.85. About 1.41M shares traded or 42.85% up from the average. Teladoc, Inc. (NYSE:TDOC) has risen 66.23% since June 17, 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 earnings per share, down 25.00 % or $0.07 from last year’s $-0.28 per share. After $-0.39 actual earnings per share 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 rating was maintained by Craig Hallum on Wednesday, May 2 with “Hold”. The stock of Teladoc, Inc. (NYSE:TDOC) has “Buy” rating given on Wednesday, February 28 by Canaccord Genuity. Robert W. Baird maintained it with “Neutral” rating and $50 target in Tuesday, June 5 report. The firm has “Hold” rating given on Thursday, March 15 by Deutsche Bank. The stock of Teladoc, Inc. (NYSE:TDOC) earned “Neutral” rating by Cantor Fitzgerald on Wednesday, February 28. The company was maintained on Tuesday, May 8 by J.P. Morgan. Oppenheimer maintained Teladoc, Inc. (NYSE:TDOC) on Monday, June 4 with “Buy” rating. Canaccord Genuity maintained the stock with “Buy” rating in Tuesday, June 5 report. The rating was maintained by SunTrust with “Buy” on Tuesday, June 5. The firm earned “Buy” rating on Tuesday, January 30 by Canaccord Genuity.

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 Seekingalpha.com with their article: “Teladoc: Pump The Brakes” published on June 13, 2018, Globenewswire.com published: “Teladoc Acquires Global Virtual Care Provider, Advance Medical” on June 04, 2018. More interesting news about Teladoc, Inc. (NYSE:TDOC) were released by: Seekingalpha.com and their article: “Teladoc Acquires Advance Medical For Global Service Expansion” published on June 07, 2018 as well as Fool.com‘s news article titled: “Why Teladoc Inc. Stock Gained 18% in May” with publication date: June 07, 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 $3.88 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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