Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Community Health Systems (CYH) Share Price

News articles about Community Health Systems (NYSE:CYH) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Community Health Systems earned a news impact score of 0.20 on Accern’s scale. Accern also gave headlines about the company an impact score of 47.0674039007413 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

CYH has been the subject of several recent analyst reports. Vetr upgraded Community Health Systems from a “hold” rating to a “buy” rating and set a $8.62 price target for the company in a research note on Monday, April 24th. Zacks Investment Research downgraded Community Health Systems from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 3rd. Morgan Stanley assumed coverage on Community Health Systems in a research note on Tuesday, June 6th. They set an “underweight” rating and a $9.50 target price for the company. BidaskClub upgraded Community Health Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Piper Jaffray Companies restated a “sell” rating and set a $9.00 target price on shares of Community Health Systems in a research note on Wednesday, July 26th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $7.96.

Shares of Community Health Systems (NYSE:CYH) traded up 2.78% on Friday, reaching $7.03. The company’s stock had a trading volume of 3,125,647 shares. The firm has a 50 day moving average of $8.14 and a 200 day moving average of $8.65. Community Health Systems has a 52-week low of $4.15 and a 52-week high of $13.28. The company’s market cap is $786.90 million.

Community Health Systems (NYSE:CYH) last released its quarterly earnings data on Tuesday, August 1st. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.31. The company had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.14 billion. Community Health Systems had a positive return on equity of 0.07% and a negative net margin of 3.63%. Community Health Systems’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same period last year, the company earned $0.09 EPS. Analysts predict that Community Health Systems will post ($0.33) earnings per share for the current year.

In other Community Health Systems news, major shareholder Tian Qiao Chen purchased 9,766,897 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were acquired at an average price of $7.27 per share, with a total value of $71,005,341.19. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 4.60% of the stock is currently owned by company insiders.

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Community Health Systems Company Profile

Community Health Systems, Inc is an operator of general acute care hospitals and outpatient facilities in communities across the country. The Company operates through hospital operations segment, which includes its general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services.

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