Community Health Systems (CYH) is Downgraded by Morgan Stanley to Underweight

Community Health Systems (CYH) was Downgraded by Morgan Stanley to ” Underweight”. Earlier the firm had a rating of “Equal-Weight ” on the company shares. Morgan Stanley advised their investors in a research report released on May 24, 2016.

Many Wall Street Analysts have commented on Community Health Systems. Community Health Systems was Upgraded by Leerink Partners to ” Outperform” on May 4, 2016. Community Health Systems was Downgraded by BofA/Merrill to ” Underperform” on May 3, 2016. Community Health Systems was Downgraded by Raymond James to ” Underperform” on Apr 25, 2016.

On the company’s financial health, Community Health Systems reported $0.56 EPS for the quarter, missing the analyst consensus estimate by $ -0.41 based on the information available during the earnings call on Nov 2, 2015. Analyst had a consensus of $0.97. The company had revenue of $4846.00 million for the quarter, compared to analysts expectations of $4981.49 million. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 EPS.

Community Health Systems opened for trading at $12.59 and hit $12.95 on the upside on Friday, eventually ending the session at $12.75, with a gain of 1.59% or 0.2 points. The heightened volatility saw the trading volume jump to 47,09,068 shares. Company has a market cap of $1,450 M.

In a different news, on Feb 19, 2016, James S. Iii Ely (director) purchased 10,000 shares at $14.69 per share price. According to the SEC, on Nov 5, 2015, John A Clerico (director) purchased 10,000 shares at $27.62 per share price. On Aug 28, 2015, H Mitchell Jr Watson (director) sold 2,000 shares at $54.01 per share price, according to the Form-4 filing with the securities and exchange commission.

Community Health Systems Inc. is a hospital company and an operator of acute care hospitals in communities across the United States. The Company provides healthcare services through the hospitals that it owns and operates in non-urban and selected urban markets throughout the United States. It operates in two operating segments: hospital operations and home care agencies operations. Its hospital operations include the Company’s acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services. Its home care agencies operations provide in-home outpatient care. Services provided through its hospitals and affiliated businesses include general acute care emergency room general and specialty surgery critical care internal medicine obstetrics diagnostic psychiatric and rehabilitation services. It provides a range of hospital healthcare services and other outpatient services to patients in the communities in which the Company is located.

Community Health Systems

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