Stock Rating Downgrade
The Value Trend Rating for Teladoc Health Inc (NYSE: TDOC) weakened recently from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 4/8/24, Teladoc Health Inc (NYSE: TDOC) stock rose modestly by 0.9%, closing at $14.62. However, below average trading volume at 67% of normal accompanied the advance. The stock has been extremely weak relative to the market over the last nine months and has declined -3.2% during the last week.
Current PriceTarget Research Rating
TDOC is expected to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Teladoc Health has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Teladoc Health has a neutral Appreciation Score of 55 and a slightly negative Power Rating of 31, resulting in the Negative Value Trend Rating.
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