Media stories about Community Health Systems (NYSE:CYH) have trended somewhat positive recently, Accern reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Community Health Systems earned a news impact score of 0.17 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.5682573742409 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
Shares of Community Health Systems (NYSE:CYH) opened at $4.38 on Friday. The company has a debt-to-equity ratio of 10.62, a current ratio of 2.05 and a quick ratio of 1.86. Community Health Systems has a 12 month low of $4.29 and a 12 month high of $10.51.
Community Health Systems (NYSE:CYH) last announced its earnings results on Wednesday, November 1st. The company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.47). The company had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.70 billion. Community Health Systems had a negative net margin of 3.97% and a negative return on equity of 3.10%. Community Health Systems’s quarterly revenue was down 16.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.35) earnings per share. equities research analysts forecast that Community Health Systems will post -1.25 earnings per share for the current fiscal year.
CYH has been the topic of a number of analyst reports. ValuEngine raised Community Health Systems from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research cut Community Health Systems from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 3rd. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $7.00 price objective on shares of Community Health Systems in a research report on Friday, August 4th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $6.00 price objective on shares of Community Health Systems in a research report on Sunday, November 5th. Finally, UBS AG reaffirmed a “neutral” rating and issued a $8.00 price objective (down from $10.00) on shares of Community Health Systems in a research report on Wednesday, August 23rd. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $6.47.
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In related news, major shareholder Tian Qiao Chen acquired 9,766,897 shares of Community Health Systems stock in a transaction dated Monday, August 14th. The stock was purchased at an average cost of $7.27 per share, for a total transaction of $71,005,341.19. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 4.70% of the company’s stock.
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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