ValuEngine upgraded shares of Community Health Systems (NYSE:CYH) from a sell rating to a hold rating in a research report sent to investors on Friday morning.

Several other research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Community Health Systems from a sell rating to a hold rating in a report on Friday, November 10th. Royal Bank Of Canada reiterated a hold rating and set a $5.00 price target on shares of Community Health Systems in a report on Tuesday, November 7th. Cantor Fitzgerald reiterated a hold rating and set a $6.00 price target on shares of Community Health Systems in a report on Sunday, November 5th. Mizuho reiterated a hold rating and set a $3.50 price target on shares of Community Health Systems in a report on Friday, November 3rd. Finally, Citigroup lowered their price target on shares of Community Health Systems from $7.00 to $5.00 and set a neutral rating for the company in a report on Friday, November 3rd. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $6.47.

Community Health Systems (CYH) traded down $0.20 during midday trading on Friday, reaching $4.35. The company’s stock had a trading volume of 2,000,600 shares, compared to its average volume of 3,596,159. The company has a debt-to-equity ratio of 10.62, a current ratio of 2.05 and a quick ratio of 1.86. Community Health Systems has a 12-month low of $3.85 and a 12-month high of $10.51.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings results on Wednesday, November 1st. The company reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.47). The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.70 billion. Community Health Systems had a negative return on equity of 3.10% and a negative net margin of 3.97%. The firm’s quarterly revenue was down 16.3% on a year-over-year basis. During the same quarter last year, the company posted ($0.35) earnings per share. analysts predict that Community Health Systems will post -1.25 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of CYH. Alps Advisors Inc. acquired a new stake in Community Health Systems in the second quarter valued at $107,000. Shelton Capital Management acquired a new stake in Community Health Systems in the second quarter valued at $110,000. FrontFour Capital Group LLC acquired a new stake in Community Health Systems in the third quarter valued at $113,000. ARP Americas LLC acquired a new stake in Community Health Systems in the third quarter valued at $121,000. Finally, Group One Trading L.P. increased its holdings in Community Health Systems by 27.5% in the second quarter. Group One Trading L.P. now owns 14,765 shares of the company’s stock valued at $147,000 after purchasing an additional 3,189 shares during the period. Institutional investors and hedge funds own 94.74% of the company’s stock.

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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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