Anthem (NASDAQ:ANTX) Upgraded by Wall Street Zen to "Hold" Rating

Key Points

• Wall Street Zen upgraded Anthem (NASDAQ:ANTX) to a "Hold" while Weiss Ratings initiated coverage with a "Sell (D-)," leaving a MarketBeat consensus rating of Hold and a consensus price target of $2.00.
• ANTX opened at $2.97, has a 52‑week range of $1.00–$6.91 and a market cap of $106.74 million, and reported negative earnings (latest EPS −$0.29) with analysts forecasting about −1.7 EPS for the year, signaling weak fundamentals.

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

Separately, Weiss Ratings assumed coverage on Anthem in a report on Tuesday. They set a "sell (d-)" rating on the stock. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $2.00.

Anthem Stock Performance

Shares of ANTX stock opened at $2.97 on Friday. Anthem has a fifty-two week low of $1.00 and a fifty-two week high of $6.91. The stock's fifty day moving average is $2.59 and its two-hundred day moving average is $1.67. The firm has a market capitalization of $106.74 million, a P/E ratio of -2.56 and a beta of -1.31.

Anthem (NASDAQ:ANTX - Get Free Report) last released its earnings results on Tuesday, March 17th. The company reported ($0.29) earnings per share (EPS) for the quarter. On average, equities analysts forecast that Anthem will post -1.7 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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