UBS Downgrades Community Health Systems to Neutral

Brokerage firm UBS Downgrades its rating on Community Health Systems(NYSE:CYH). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by UBS was issued on Aug 3, 2016.

In a different note, Credit Suisse said it Initiates Coverage on Community Health Systems, according to a research note issued on Jul 29, 2016. The shares have been rated ‘Neutral’ by the firm. On Jun 13, 2016, Ladenburg Thalmann said it Upgrades its rating on Community Health Systems. The shares have been rated ‘Underperform’ by the firm. On May 24, 2016, Morgan Stanley said it Downgrades its rating on Community Health Systems. The shares have been rated ‘Underweight’ by the firm.

Community Health Systems (CYH) made into the market gainers list on Fridays trading session with the shares advancing 1.01% or 0.11 points. Due to strong positive momentum, the stock ended at $10.95, which is also near the day’s high of $11.17. The stock began the session at $11.06 and the volume stood at 47,16,398 shares. The 52-week high of the shares is $49.576096 and the 52 week low is $10.53. The company has a current market capitalization of $1,244 M and it has 11,36,36,956 shares in outstanding.

Community Health Systems(CYH) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $4.59B. Analysts had an estimated revenue of $4.52B. Earnings per share were $0.09. Analysts had estimated an EPS of $0.57.

Several Insider Transactions has been reported to the SEC. On Jun 14, 2016, H Mitchell Jr Watson (director) sold 5,600 shares at $13.42 per share price.Also, 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.

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