Community Health Systems (NYSE:CYH) Upgraded at StockNews.com

Community Health Systems (NYSE:CYH - Get Free Report) was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Friday.

CYH has been the subject of a number of other reports. Oppenheimer lifted their target price on Community Health Systems from $4.50 to $5.00 and gave the company an "outperform" rating in a report on Thursday, July 25th. Truist Financial dropped their price target on Community Health Systems from $5.50 to $5.00 and set a "hold" rating on the stock in a research report on Friday, October 25th. Royal Bank of Canada restated an "outperform" rating and issued a $6.00 price target on shares of Community Health Systems in a research report on Monday, August 12th. UBS Group boosted their price target on Community Health Systems from $4.70 to $5.10 and gave the company a "neutral" rating in a research report on Wednesday, August 14th. Finally, Wells Fargo & Company lifted their price objective on Community Health Systems from $3.50 to $5.00 and gave the company an "equal weight" rating in a report on Tuesday, July 30th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $5.18.

Community Health Systems Stock Down 4.0 %

Shares of CYH traded down $0.16 during mid-day trading on Friday, reaching $3.83. The company had a trading volume of 1,050,084 shares, compared to its average volume of 1,809,249. The stock has a 50 day moving average of $5.24 and a two-hundred day moving average of $4.47. Community Health Systems has a 52-week low of $2.31 and a 52-week high of $6.29.

Community Health Systems (NYSE:CYH - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported ($0.30) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.14). The business had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same period in the prior year, the firm earned ($0.33) earnings per share. Community Health Systems's revenue was up .1% on a year-over-year basis. On average, sell-side analysts predict that Community Health Systems will post -0.52 EPS for the current year.

Institutional Trading of Community Health Systems

A number of institutional investors and hedge funds have recently made changes to their positions in CYH. Mackenzie Financial Corp boosted its position in Community Health Systems by 6.8% in the 2nd quarter. Mackenzie Financial Corp now owns 33,269 shares of the company's stock valued at $112,000 after buying an additional 2,106 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Community Health Systems by 5.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,701 shares of the company's stock valued at $167,000 after buying an additional 2,739 shares during the last quarter. CWM LLC boosted its position in Community Health Systems by 32.1% in the 3rd quarter. CWM LLC now owns 12,191 shares of the company's stock valued at $74,000 after buying an additional 2,961 shares during the last quarter. Signaturefd LLC bought a new position in shares of Community Health Systems during the third quarter worth about $33,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Community Health Systems by 7.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 96,027 shares of the company's stock worth $337,000 after purchasing an additional 6,852 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Community Health Systems Company Profile

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.