Community Health Systems Inc. (NYSE:CYH) dropped 3.5% during mid-day 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 traded. The stock had previously closed at $10.72.

CYH has been the subject of several recent analyst reports. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Community Health Systems in a research report on Tuesday, May 3rd. Barclays PLC decreased their price objective on shares of Community Health Systems from $32.00 to $29.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 1st. Zacks Investment Research raised shares of Community Health Systems from a “sell” rating to a “hold” rating in a research report on Thursday, May 5th. Cantor Fitzgerald reaffirmed a “hold” rating on shares of Community Health Systems in a research report on Wednesday, May 4th. Finally, Robert W. Baird reaffirmed a “hold” rating on shares of Community Health Systems in a research report on Monday, May 16th. Six analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Community Health Systems has a consensus rating of “Hold” and an average target price of $17.89.

The firm has a 50-day moving average of $11.80 and a 200 day moving average of $13.50. The company’s market cap is $1.18 billion.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.47. The business had revenue of $4.59 billion for the quarter, compared to the consensus estimate of $4.53 billion. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. Equities research analysts anticipate that Community Health Systems Inc. will post $1.35 EPS for the current fiscal year.

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

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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