Community Health Systems (NYSE:CYH) Downgraded by ValuEngine

ValuEngine cut shares of Community Health Systems (NYSE:CYH) from a buy rating to a hold rating in a report published on Wednesday, ValuEngine reports.

Several other analysts have also recently issued reports on CYH. Oppenheimer cut their price objective on Community Health Systems from $8.00 to $7.00 and set an outperform rating on the stock in a research note on Monday, May 4th. Citigroup lifted their price target on Community Health Systems from $3.00 to $3.50 and gave the company a neutral rating in a report on Thursday, June 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Community Health Systems has an average rating of Hold and a consensus price target of $4.71.

NYSE:CYH opened at $4.98 on Wednesday. Community Health Systems has a one year low of $1.79 and a one year high of $7.47. The business’s 50-day simple moving average is $3.34 and its 200 day simple moving average is $3.67.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.22) by $2.07. The business had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter in the prior year, the firm earned ($0.47) earnings per share. Community Health Systems’s revenue for the quarter was down 23.7% compared to the same quarter last year. As a group, equities research analysts predict that Community Health Systems will post -3.22 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in CYH. Comerica Bank boosted its position in shares of Community Health Systems by 6.1% during the 2nd quarter. Comerica Bank now owns 120,130 shares of the company’s stock valued at $477,000 after purchasing an additional 6,887 shares in the last quarter. Strs Ohio boosted its holdings in Community Health Systems by 12.1% during the second quarter. Strs Ohio now owns 170,100 shares of the company’s stock worth $512,000 after buying an additional 18,400 shares in the last quarter. SG Americas Securities LLC grew its position in Community Health Systems by 42.6% in the second quarter. SG Americas Securities LLC now owns 48,172 shares of the company’s stock worth $145,000 after buying an additional 14,382 shares during the last quarter. AEGON USA Investment Management LLC grew its position in Community Health Systems by 42.5% in the second quarter. AEGON USA Investment Management LLC now owns 135,385 shares of the company’s stock worth $408,000 after buying an additional 40,379 shares during the last quarter. Finally, Red Door Wealth Management LLC bought a new position in shares of Community Health Systems in the second quarter valued at $63,000. Institutional investors own 92.61% of the company’s stock.

Community Health Systems Company Profile

Community Health Systems, Inc, together with its subsidiaries, owns, leases, and operates general acute care hospitals in the United States. The company offers general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric, and rehabilitation services, as well as skilled nursing and home care services.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Community Health Systems (NYSE:CYH)

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