Community Health Systems (CYH) Now Covered by Analysts at Deutsche Bank AG

Deutsche Bank AG assumed coverage on shares of Community Health Systems (NYSE:CYH) in a research report released on Wednesday, April 5th. The brokerage issued a hold rating and a $11.00 price target on the stock.

Several other research analysts also recently weighed in on CYH. Piper Jaffray Companies started coverage on shares of Community Health Systems in a report on Wednesday, January 4th. They issued a neutral rating and a $6.00 target price for the company. Barclays PLC reaffirmed a hold rating and issued a $7.00 target price on shares of Community Health Systems in a report on Monday, January 9th. Zacks Investment Research downgraded shares of Community Health Systems from a hold rating to a strong sell rating in a report on Thursday, January 19th. Mizuho raised shares of Community Health Systems from an underperform rating to a neutral rating and increased their price objective for the company from $3.00 to $7.50 in a report on Tuesday, February 21st. Finally, Jefferies Group LLC reissued a hold rating and set a $8.00 price objective on shares of Community Health Systems in a report on Tuesday, February 21st. Seven equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $8.82.

Shares of Community Health Systems (NYSE:CYH) opened at 9.61 on Wednesday. The company’s market cap is $1.07 billion. Community Health Systems has a 1-year low of $4.15 and a 1-year high of $15.62. The company’s 50-day moving average price is $8.89 and its 200 day moving average price is $7.37.

Community Health Systems (NYSE:CYH) last issued its earnings results on Monday, May 1st. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. The company earned $4.49 billion during the quarter, compared to the consensus estimate of $4.33 billion. Community Health Systems had a negative net margin of 8.44% and a negative return on equity of 0.94%. Community Health Systems’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 EPS. On average, analysts predict that Community Health Systems will post $0.48 earnings per share for the current fiscal year.

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Institutional investors have recently modified their holdings of the company. UBS Asset Management Americas Inc. raised its position in shares of Community Health Systems by 2.9% in the third quarter. UBS Asset Management Americas Inc. now owns 183,456 shares of the company’s stock worth $2,117,000 after buying an additional 5,100 shares during the period. Lucus Advisors LLC bought a new position in shares of Community Health Systems during the third quarter worth approximately $406,000. PNC Financial Services Group Inc. raised its position in shares of Community Health Systems by 20.9% in the third quarter. PNC Financial Services Group Inc. now owns 8,738 shares of the company’s stock worth $101,000 after buying an additional 1,510 shares during the period. Retirement Systems of Alabama raised its position in shares of Community Health Systems by 0.7% in the third quarter. Retirement Systems of Alabama now owns 146,437 shares of the company’s stock worth $1,690,000 after buying an additional 950 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Community Health Systems by 1.4% in the third quarter. Bank of New York Mellon Corp now owns 1,334,880 shares of the company’s stock worth $15,405,000 after buying an additional 18,236 shares during the period.

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.

5 Day Chart for NYSE:CYH

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