Community Health Systems Inc. (NYSE:CYH)’s share price dropped 3.5% during trading on Wednesday . The stock traded as low as $10.18 and last traded at $10.35, with a volume of 1,433,258 shares changing hands. The stock had previously closed at $10.72.

A number of brokerages have recently issued reports on CYH. Barclays PLC restated a “hold” rating and issued a $15.00 price objective on shares of Community Health Systems in a research note on Friday, August 19th. Raymond James Financial Inc. cut shares of Community Health Systems from a “market perform” rating to an “underperform” rating in a research note on Wednesday, June 1st. Morgan Stanley cut shares of Community Health Systems from an “equal weight” rating to an “underweight” rating and set a $15.00 price objective for the company. in a research note on Tuesday, May 24th. Credit Suisse Group AG began coverage on shares of Community Health Systems in a research note on Friday, July 29th. They issued a “neutral” rating and a $14.00 price objective for the company. Finally, Zacks Investment Research cut shares of Community Health Systems from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 5th. Six analysts have rated the stock with a sell rating, seventeen have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.89.

The stock’s market cap is $1.19 billion. The firm’s 50 day moving average price is $11.67 and its 200 day moving average price is $13.46.

Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.47. The company earned $4.59 billion during the quarter, compared to analyst estimates of $4.53 billion. Community Health Systems’s quarterly revenue was down 6.0% on a year-over-year basis. Analysts predict that Community Health Systems Inc. will post $1.34 earnings per share for the current fiscal year.

In related news, Director H Mitchell Watson, Jr. sold 5,600 shares of the business’s stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $13.42, for a total value of $75,152.00. Following the completion of the transaction, the director now owns 6,509 shares of the company’s stock, valued at $87,350.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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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