Price Target Update on Community Health Systems (NYSE:CYH)

Community Health Systems (NYSE:CYH) : 13 Wall Street analysts covering Community Health Systems (NYSE:CYH) believe that the average level the stock could reach for the short term is $16.35. The maximum price target given is $26 and the minimum target for short term is around $11, hence the standard deviation is calculated at $3.82.

Other Equity analysts have also commented on the company shares. Ladenburg Thalmann upgrades their rating on the shares of Community Health Systems (NYSE:CYH). The current rating of the shares is Underperform. Earlier, the shares were rated a Not Rated by the brokerage firm. The rating by the firm was issued on June 13, 2016.

Community Health Systems (NYSE:CYH): stock turned positive on Thursday. Though the stock opened at $13.6, the bulls momentum made the stock top out at $13.9 level for the day. The stock recorded a low of $13.5001 and closed the trading day at $13.89, in the green by 3.81%. The total traded volume for the day was 3,124,046. The stock had closed at $13.38 in the previous days trading.

The company shares have dropped -74.08% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $53.72 and the one year low was seen on Feb 16, 2016. The 50-Day Moving Average price is $13.56 and the 200 Day Moving Average price is recorded at $15.99. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Community Health Systems Inc, Watson H Mitchell Jr had sold 5,600 shares worth of $75,152 in a transaction dated June 13, 2016. In this transaction, 5,600 shares were sold at $13.42 per share.

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 Companys 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.

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