Community Health Gets a Hold Rating from Jefferies

By Jason Carr

Jefferies analyst Brian Tanquilut reiterated a Hold rating on Community Health (NYSE: CYH) on July 28 and set a price target of $7. The company’s shares closed on Friday at $7.39.

According to TipRanks.com, Tanquilut is a 4-star analyst with an average return of 3.0% and a 49.5% success rate. Tanquilut covers the Services sector, focusing on stocks such as Walgreens Boots Alliance, Five Star Quality Care, and Quest Diagnostics Inc.

Currently, the analyst consensus on Community Health is Hold and the average price target is $9, representing a 21.8% upside.

In a report issued on July 13, Robert W. Baird also maintained a Hold rating on the stock with a $10 price target.

Based on Community Health’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $4.14 billion and GAAP net loss of $199 million. In comparison, last year the company earned revenue of $4.59 billion and had a GAAP net loss of $1.43 billion.

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Community Health Systems, Inc. engages in management and operation of general acute care hospitals. It operates through the Hospital Operations and Home Care Agency Operations segments. The Hospital Operations segment involves in providing inpatient and outpatient healthcare services.