StockNews.com Upgrades Community Health Systems (NYSE:CYH) to “Hold”

Community Health Systems (NYSE:CYH) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Friday.

Several other brokerages have also recently commented on CYH. Wells Fargo & Company lifted their price objective on shares of Community Health Systems from $3.50 to $5.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. Royal Bank of Canada reissued an “outperform” rating and set a $6.00 target price on shares of Community Health Systems in a report on Monday, August 12th. UBS Group raised their price target on shares of Community Health Systems from $4.70 to $5.10 and gave the stock a “neutral” rating in a research note on Wednesday, August 14th. Oppenheimer upped their price objective on shares of Community Health Systems from $4.50 to $5.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Truist Financial cut their target price on Community Health Systems from $5.50 to $5.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Community Health Systems presently has an average rating of “Hold” and a consensus price target of $5.18.

Community Health Systems Stock Down 3.8 %

Shares of Community Health Systems stock opened at $3.84 on Friday. The stock’s fifty day moving average is $5.20 and its two-hundred day moving average is $4.48. The company has a market capitalization of $533.57 million, a PE ratio of -1.27 and a beta of 1.60. Community Health Systems has a 52 week low of $2.31 and a 52 week high of $6.29.

Community Health Systems (NYSE:CYH) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.14). The company had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same period in the prior year, the business earned ($0.33) EPS. Community Health Systems’s revenue was up .1% compared to the same quarter last year. As a group, research analysts anticipate that Community Health Systems will post -0.52 earnings per share for the current year.

Hedge Funds Weigh In On Community Health Systems

Hedge funds have recently made changes to their positions in the business. nVerses Capital LLC purchased a new position in Community Health Systems in the 2nd quarter worth approximately $25,000. DekaBank Deutsche Girozentrale bought a new position in shares of Community Health Systems in the 2nd quarter worth about $33,000. Signaturefd LLC bought a new position in shares of Community Health Systems during the third quarter valued at approximately $33,000. Canada Pension Plan Investment Board bought a new stake in shares of Community Health Systems in the 2nd quarter worth approximately $45,000. Finally, CWM LLC grew its position in shares of Community Health Systems by 32.1% during the third quarter. CWM LLC now owns 12,191 shares of the company’s stock worth $74,000 after acquiring an additional 2,961 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

About Community Health Systems

Community Health Systems, Inc owns, leases, and operates general acute care hospitals in the United States. It offers general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric, and rehabilitation services, as well as skilled nursing and home care services.