Community Health Systems, Inc. (NYSE:CYH) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

A number of other analysts have also recently commented on the stock. Royal Bank Of Canada reaffirmed a “hold” rating and set a $7.00 target price on shares of Community Health Systems in a report on Friday. Deutsche Bank AG reduced their target price on shares of Community Health Systems from $13.00 to $8.00 and set a “hold” rating for the company in a report on Thursday. Piper Jaffray Companies reaffirmed a “sell” rating and set a $6.00 target price on shares of Community Health Systems in a report on Thursday. Mizuho reaffirmed a “neutral” rating and set a $7.00 target price (down from $7.50) on shares of Community Health Systems in a report on Wednesday. Finally, Zacks Investment Research cut shares of Community Health Systems from a “hold” rating to a “sell” rating in a report on Wednesday. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $8.34.

Community Health Systems (NYSE CYH) traded up 0.31% on Friday, reaching $6.52. 3,012,111 shares of the company traded hands. The stock’s market capitalization is $730.24 million. The stock’s 50-day moving average is $9.08 and its 200-day moving average is $8.69. Community Health Systems has a 1-year low of $4.15 and a 1-year high of $13.28.

Community Health Systems (NYSE:CYH) last announced its earnings results on Tuesday, August 1st. The company reported ($0.25) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.31. Community Health Systems had a negative net margin of 3.63% and a positive return on equity of 0.07%. The business had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.14 billion. During the same period in the prior year, the company posted $0.09 earnings per share. The firm’s quarterly revenue was down 9.7% on a year-over-year basis. Equities research analysts expect that Community Health Systems will post ($0.08) EPS for the current year.

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Several institutional investors have recently modified their holdings of CYH. Alps Advisors Inc. bought a new position in shares of Community Health Systems during the second quarter worth $107,000. World Asset Management Inc raised its position in shares of Community Health Systems by 3.2% in the first quarter. World Asset Management Inc now owns 12,377 shares of the company’s stock worth $110,000 after buying an additional 387 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Community Health Systems by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 12,570 shares of the company’s stock worth $111,000 after buying an additional 270 shares in the last quarter. Airain ltd bought a new position in shares of Community Health Systems during the first quarter worth $126,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Community Health Systems during the second quarter worth $126,000. Hedge funds and other institutional investors own 95.29% of the company’s stock.

Community Health Systems Company Profile

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.

Analyst Recommendations for Community Health Systems (NYSE:CYH)

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