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TLMD - Soc Telemed Inc News Story

$2.08 -0.0  -1.9%

Last Trade - 3:29pm

Sector
Healthcare
Size
Small Cap
Market Cap £161.4m
Enterprise Value £188.8m
Revenue £94.0m
Position in Universe 4793rd / 7329

BUZZ-SOC Telemed: RBC starts with 'outperform', sees rapid growth in coming years

Thu 28th January, 2021 4:31pm
** RBC Capital Markets starts coverage on telemedicine
provider  TLMD.O  with "outperform" and PT of $10
    ** PT represents premium of 34.6% to stock's last close;
median PT is $12- Refinitiv IBES
    ** Brokerage expects co's services to grow rapidly over the
coming years as hospitals look for ways of mitigating financial
pressure
    ** RBC cautioned about near-term due to slower-than-expected
post-COVID snapback, but is constructive about long-term growth
    ** Accelerating telemedicine adoption as well as sales and
marketing investments increase confidence in longer-term outlook
- RBC
    ** Avg consensus on stock is "buy"
    ** TLMD down 26.2% since it started trading on Jan 20

 (Reporting by Trisha Roy in Bengaluru)
 ((Trisha.Roy@thomsonreuters.com; within U.S. +1 646 223 8780,
outside U.S. +91 80 6182 3635;))
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