Community Health Systems, Inc. (NYSE:CYH) has been assigned an average recommendation of “Hold” from the twenty research firms that are covering the company, MarketBeat reports. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $7.81.

A number of brokerages have recently weighed in on CYH. Zacks Investment Research cut shares of Community Health Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada reissued a “hold” rating and set a $7.00 price target on shares of Community Health Systems in a research report on Friday, August 4th. BidaskClub cut shares of Community Health Systems from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Piper Jaffray Companies reissued a “sell” rating and set a $6.00 price target on shares of Community Health Systems in a research report on Thursday, August 3rd. Finally, Deutsche Bank AG reduced their price target on shares of Community Health Systems from $13.00 to $8.00 and set a “hold” rating on the stock in a research report on Thursday, August 3rd.

A number of large investors have recently modified their holdings of CYH. Nationwide Fund Advisors raised its stake in shares of Community Health Systems by 35.4% in the second quarter. Nationwide Fund Advisors now owns 322,277 shares of the company’s stock valued at $3,210,000 after buying an additional 84,276 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Community Health Systems by 9.2% in the second quarter. Ameriprise Financial Inc. now owns 716,703 shares of the company’s stock valued at $7,141,000 after buying an additional 60,394 shares during the last quarter. Aberdeen Asset Management PLC UK raised its stake in shares of Community Health Systems by 94.1% in the second quarter. Aberdeen Asset Management PLC UK now owns 168,798 shares of the company’s stock valued at $1,681,000 after buying an additional 81,833 shares during the last quarter. Franklin Resources Inc. acquired a new stake in shares of Community Health Systems during the second quarter valued at about $14,946,000. Finally, Schroder Investment Management Group acquired a new stake in shares of Community Health Systems during the second quarter valued at about $564,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Shares of Community Health Systems (NYSE CYH) opened at 6.07 on Friday. The firm’s market capitalization is $679.45 million. The firm’s 50-day moving average is $8.57 and its 200 day moving average is $8.63. Community Health Systems has a 52 week low of $4.15 and a 52 week high of $13.28.

Community Health Systems (NYSE:CYH) last announced its quarterly earnings results on Tuesday, August 1st. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by $0.31. The firm had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.14 billion. Community Health Systems had a positive return on equity of 0.07% and a negative net margin of 3.63%. The company’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 earnings per share. Equities research analysts forecast that Community Health Systems will post ($0.32) EPS for the current fiscal year.

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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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