Community Health Systems Inc. (NYSE:CYH)’s share price traded up 4.5% on Monday . The stock traded as high as $10.53 and last traded at $10.52, with a volume of 1,484,279 shares changing hands. The stock had previously closed at $10.07.

Several equities research analysts recently commented on the company. Raymond James Financial Inc. cut Community Health Systems from a “market perform” rating to an “underperform” rating in a report on Wednesday, June 1st. Bank of America Corp. cut Community Health Systems from a “neutral” rating to an “underperform” rating and set a $14.00 price target for the company. in a report on Tuesday, May 3rd. Jefferies Group reaffirmed a “hold” rating on shares of Community Health Systems in a report on Wednesday, August 10th. Royal Bank Of Canada cut Community Health Systems from an “outperform” rating to a “sector perform” rating and set a $15.00 price target for the company. in a report on Wednesday, May 4th. Finally, Credit Suisse Group AG assumed coverage on Community Health Systems in a report on Friday, July 29th. They issued a “neutral” rating and a $14.00 price target for the company. Six investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Community Health Systems currently has a consensus rating of “Hold” and an average price target of $17.89.

The stock has a 50 day moving average price of $11.93 and a 200 day moving average price of $13.60. The firm’s market capitalization is $1.17 billion.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by $0.47. The business earned $4.59 billion during the quarter, compared to the consensus estimate of $4.53 billion. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, analysts predict that Community Health Systems Inc. will post $1.35 earnings per share for the current fiscal year.

In other news, Director H Mitchell Watson, Jr. sold 5,600 shares of the company’s stock in a transaction on Monday, June 13th. The stock was sold at an average price of $13.42, for a total transaction of $75,152.00. Following the completion of the sale, the director now directly owns 6,509 shares in the company, valued at approximately $87,350.78. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Community Health Systems, Inc is a hospital company and an operator of acute care hospitals in communities across the United States. The Company provides healthcare services through the hospitals that it owns and operates in non-urban and selected urban markets throughout the United States. It operates in two operating segments: hospital operations and home care agencies operations.

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