BioTelemetry (BEAT) Receiving Somewhat Positive Press Coverage, Analysis Shows

Media stories about BioTelemetry (NASDAQ:BEAT) have been trending somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. BioTelemetry earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the medical research company an impact score of 45.0954534825026 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

A number of analysts have issued reports on BEAT shares. Zacks Investment Research downgraded BioTelemetry from a “hold” rating to a “strong sell” rating in a report on Thursday, November 2nd. Dougherty & Co reissued a “buy” rating and issued a $40.00 target price on shares of BioTelemetry in a report on Wednesday, November 8th. BidaskClub raised BioTelemetry from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Raymond James Financial started coverage on BioTelemetry in a report on Thursday, October 26th. They issued an “outperform” rating and a $37.00 target price for the company. Finally, SunTrust Banks started coverage on BioTelemetry in a report on Monday, October 23rd. They issued a “buy” rating and a $41.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. BioTelemetry presently has a consensus rating of “Hold” and a consensus price target of $42.86.

Shares of BioTelemetry (NASDAQ BEAT) opened at $33.55 on Friday. BioTelemetry has a fifty-two week low of $21.60 and a fifty-two week high of $39.20. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.60 and a quick ratio of 1.48. The firm has a market capitalization of $1,090.00, a PE ratio of 25.61, a PEG ratio of 1.49 and a beta of 0.53.

BioTelemetry (NASDAQ:BEAT) last posted its earnings results on Tuesday, November 7th. The medical research company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.09). BioTelemetry had a net margin of 16.10% and a return on equity of 13.66%. The firm had revenue of $81.02 million during the quarter, compared to analysts’ expectations of $82.10 million. During the same period in the previous year, the firm posted $0.21 earnings per share. The firm’s revenue for the quarter was up 52.7% on a year-over-year basis. analysts anticipate that BioTelemetry will post 0.83 earnings per share for the current fiscal year.

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About BioTelemetry

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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