Community Health Systems (CYH) Research Coverage Started at Deutsche Bank AG

Deutsche Bank AG started coverage on shares of Community Health Systems (NYSE:CYH) in a research report report published on Wednesday morning. The brokerage issued a hold rating and a $11.00 target price on the stock.

Several other analysts also recently commented on the stock. Vetr upgraded shares of Community Health Systems from a strong sell rating to a sell rating and set a $7.83 price objective on the stock in a research report on Monday, April 3rd. Mizuho decreased their price objective on shares of Community Health Systems from $10.00 to $7.50 and set a neutral rating on the stock in a research report on Monday, March 27th. Piper Jaffray Companies downgraded shares of Community Health Systems from a neutral rating to an underweight rating and decreased their price objective for the company from $10.00 to $7.00 in a research report on Wednesday, March 1st. Robert W. Baird upgraded shares of Community Health Systems from an underperform rating to a neutral rating and raised their price objective for the company from $5.00 to $9.00 in a research report on Wednesday, February 22nd. Finally, Cantor Fitzgerald raised their price objective on shares of Community Health Systems from $7.00 to $8.00 and gave the company a neutral rating in a research report on Wednesday, February 22nd. Seven 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 company. The company currently has an average rating of Hold and an average price target of $8.82.

Community Health Systems (NYSE:CYH) traded down 1.32% during midday trading on Wednesday, hitting $8.24. 2,622,255 shares of the company were exchanged. Community Health Systems has a 1-year low of $4.15 and a 1-year high of $17.73. The stock’s market capitalization is $913.87 million. The stock has a 50 day moving average of $9.04 and a 200-day moving average of $7.50.



Community Health Systems (NYSE:CYH) last announced its quarterly earnings data on Monday, February 20th. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.32. The firm had revenue of $4.47 billion for the quarter, compared to the consensus estimate of $4.42 billion. Community Health Systems had a negative net margin of 8.44% and a negative return on equity of 0.94%. During the same period last year, the firm earned ($0.28) EPS. Equities analysts expect that Community Health Systems will post $0.54 earnings per share for the current year.

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A number of large investors have recently made changes to their positions in CYH. New York State Teachers Retirement System raised its stake in shares of Community Health Systems by 19.4% in the fourth quarter. New York State Teachers Retirement System now owns 238,900 shares of the company’s stock worth $1,335,000 after buying an additional 38,820 shares during the last quarter. Retirement Systems of Alabama raised its stake 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 last quarter. BlackRock Investment Management LLC raised its stake in shares of Community Health Systems by 0.5% in the third quarter. BlackRock Investment Management LLC now owns 737,940 shares of the company’s stock worth $8,516,000 after buying an additional 3,427 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Community Health Systems during the fourth quarter worth $606,000. Finally, Bank of New York Mellon Corp raised its stake 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 last quarter.

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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