Anthem (NASDAQ:ANTX) Raised to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Anthem (NASDAQ:ANTX) from a "sell" to a "hold", while Weiss Ratings initiated coverage with a "sell (d-)" and the MarketBeat consensus rating remains a Hold with a $2.00 target price.
• Anthem is currently unprofitable—reporting ($0.29) EPS last quarter and analysts expect -0.91 EPS for the year—and is a small-cap company (market cap ≈ $168.5M) with a one-year trading range of $1.00 to $6.91 (opened at $4.68).

Anthem (NASDAQ:ANTX - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Sunday.

Separately, Weiss Ratings began coverage on shares of Anthem in a report on Tuesday, April 7th. They issued a "sell (d-)" rating for the company. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $2.00.

Anthem Price Performance

Shares of ANTX opened at $4.68 on Friday. Anthem has a 1-year low of $1.00 and a 1-year high of $6.91. The firm's 50 day simple moving average is $3.38 and its 200 day simple moving average is $1.93. The company has a market capitalization of $168.46 million, a P/E ratio of -4.03 and a beta of -0.96.

Anthem (NASDAQ:ANTX - Get Free Report) last issued its earnings results on Tuesday, March 17th. The company reported ($0.29) earnings per share (EPS) for the quarter. On average, equities analysts anticipate that Anthem will post -0.91 earnings per share for the current year.

About Anthem

Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; traditional indemnity plans and other hybrid plans, such as consumer-driven health plans; and hospital only and limited benefit products.

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