Zacks Investment Research upgraded shares of Community Health Systems, Inc. (NYSE:CYH) from a sell rating to a hold rating in a research note released on Friday morning.

According to Zacks, “Community Health Systems’ inorganic growth via accretive acquisitions and strategic divestures has been acretive to the company's top-line over the past few years. Well reflective of the company’s strong fundamentals, the stock gained 67% year to date, outperforming the Zacks Categorized Hospitals industry’s increase of 16%. However, rising debt level raise concerns and it faces uncertainty over regulatory reforms. Revenue concentration is another major headwind as the company generates a significant part of its revenues from a selected number of states like Florida, Pennsylvania, Texas, Indiana and Tennessee. The Zacks Consensus Estimate for the current quarter, current year and also the next year has gone down significantly in the past 30 days. The company is set to release its second quarter results on Aug 1, after the market closes.”

A number of other equities research analysts have also weighed in on the stock. BidaskClub upgraded shares of Community Health Systems from a sell rating to a hold rating in a report on Tuesday, June 27th. Vetr upgraded shares of Community Health Systems from a sell rating to a hold rating and set a $8.62 price objective for the company in a report on Monday, April 10th. Deutsche Bank AG began coverage on shares of Community Health Systems in a report on Wednesday, April 5th. They issued a hold rating and a $11.00 price objective for the company. Morgan Stanley began coverage on shares of Community Health Systems in a report on Tuesday, June 6th. They issued an underweight rating and a $9.50 price objective for the company. Finally, Mizuho lowered their price objective on shares of Community Health Systems from $10.00 to $7.50 and set a neutral rating for the company in a report on Monday, March 27th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of $8.62.

Community Health Systems (CYH) opened at 9.68 on Friday. The company’s market cap is $1.08 billion. The stock’s 50 day moving average is $9.23 and its 200 day moving average is $8.64. Community Health Systems has a 1-year low of $4.15 and a 1-year high of $13.46.

Community Health Systems (NYSE:CYH) last released its quarterly earnings results on Monday, May 1st. The company reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.02. Community Health Systems had a negative net margin of 10.77% and a positive return on equity of 1.79%. The business had revenue of $4.49 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same quarter in the previous year, the company earned $0.27 EPS. The business’s quarterly revenue was down 10.3% compared to the same quarter last year. Equities analysts anticipate that Community Health Systems will post $0.36 earnings per share for the current fiscal year.

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Large investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC bought a new position in shares of Community Health Systems during the first quarter valued at approximately $200,000. Louisiana State Employees Retirement System raised its position in shares of Community Health Systems by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 46,400 shares of the company’s stock valued at $412,000 after buying an additional 700 shares during the period. Horrell Capital Management Inc. raised its position in shares of Community Health Systems by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the company’s stock valued at $242,000 after buying an additional 100 shares during the period. Teachers Advisors LLC raised its position in shares of Community Health Systems by 9.7% in the fourth quarter. Teachers Advisors LLC now owns 197,941 shares of the company’s stock valued at $1,106,000 after buying an additional 17,453 shares during the period. Finally, UBS Asset Management Americas Inc. raised its position in shares of Community Health Systems by 47.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 271,332 shares of the company’s stock valued at $1,516,000 after buying an additional 87,876 shares during the period. Institutional investors own 95.46% of the company’s stock.

About Community Health Systems

Community Health Systems, Inc is an operator of general acute care hospitals and outpatient facilities in communities across the country. The Company operates through hospital operations segment, which includes its general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services.

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Analyst Recommendations for Community Health Systems (NYSE:CYH)

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