Community Health Systems (CYH) is Upgraded by Mizuho to Neutral, Price Target at $10.50

Community Health Systems (CYH) was Upgraded by Mizuho to ” Neutral” and the brokerage firm has set the Price Target at $10.50. Earlier the firm had a rating of “Underperform ” on the company shares. Mizuho advised their investors in a research report released on Aug 12, 2016.

Many Wall Street Analysts have commented on Community Health Systems. Community Health Systems was Downgraded by Leerink Partners to ” Mkt Perform” on Aug 9, 2016. Credit Suisse Initiated Community Health Systems on Jul 29, 2016 to “Neutral”, Price Target of the shares are set at $14.Community Health Systems was Downgraded by Morgan Stanley to ” Underweight” on May 24, 2016.

On the company’s financial health, Community Health Systems reported $0.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.47 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $0.56. The company had revenue of $4590.00 million for the quarter, compared to analysts expectations of $4529.53 million. The company’s revenue was down -6.0 % compared to the same quarter last year.

Community Health Systems closed down -0.58 points or -4.63% at $11.94 with 41,54,715 shares getting traded on Monday. Post opening the session at $12.6, the shares hit an intraday low of $11.9 and an intraday high of $12.71 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jun 14, 2016, H Mitchell Jr Watson (director) sold 5,600 shares at $13.42 per share price. According to the SEC, on Feb 19, 2016, James S. Iii Ely (director) purchased 10,000 shares at $14.69 per share price. On Nov 5, 2015, John A Clerico (director) purchased 10,000 shares at $27.62 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

Leave a Reply

Community Health Systems - Is it time to Sell?

Top Brokerage Firms are advising their investors on Community Health Systems. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.