Citigroup Maintains Community Health Systems to Neutral with Price Target $12.00

Brokerage firm Citigroup Maintains its rating on Community Health Systems(NYSE:CYH). In a research note issued to the investors, the brokerage major Lowers the price-target to $12.00 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Sep 30, 2016.

In a different note, On Sep 14, 2016, Susquehanna said it Upgrades its rating on Community Health Systems. The shares have been rated ‘Positive’ by the firm. On Aug 12, 2016, Mizuho Securities said it Upgrades its rating on Community Health Systems. The shares have been rated ‘Neutral’ by the firm. On Aug 9, 2016, Leerink Swann said it Downgrades its rating on Community Health Systems. The shares have been rated ‘Market Perform’ by the firm. On Aug 5, 2016, Citigroup said it Maintains its rating on Community Health Systems. In the research note, the firm Lowers the price-target to $17.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 4, 2016, Barclays said it Maintains its rating on Community Health Systems. In the research note, the firm Lowers the price-target to $17.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Aug 3, 2016, UBS said it Downgrades its rating on Community Health Systems. The shares have been rated ‘Neutral’ by the firm.

Community Health Systems (CYH) shares turned negative on Tuesdays trading session with the shares closing down -0.15 points or -1.33% at a volume of 37,52,594. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $11.6034. The peak price level was also seen at $11.6034 while the days lowest was $11. Finally the shares closed at $11.16. The 52-week high of the shares is $37.410486 while the 52-week low is $9.665. According to the latest information available, the market cap of the company is $1,268 M.

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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