Downgrade Alert for Community Health Systems (CYH)
Community Health Systems (NYSE:CYH) was downgraded from Buy to Neutral at UBS today. The stock closed yesterday at $12.39 on volume of 15.2 million shares, above average daily volume of 3.5 million.
Community Health Systems (NYSE:CYH) has potential upside of 243.2% based on a current price of $12.39 and analysts' consensus price target of $42.52. Community Health Systems shares should first meet resistance at the 50-day moving average (MA) of $17.62 and find additional resistance at the 200-day MA of $31.40.
Community Health Systems share prices have moved between a 52-week high of $65.00 and a 52-week low of $11.43 and closed yesterday at 8% above that low price at $12.39 per share. The 200-day and 50-day moving averages have moved 2.78% lower and 0.20% higher over the past week, respectively.
Community Health Systems Inc. owns, leases, and operates hospitals in multiple states. The Hospitals services include emergency room services, general surgery, critical care, internal medicine, obstetrics and diagnostic services. Community Health also owns interests in physicians, physician practices, imaging centers, home health agencies and ambulatory surgery centers.
SmarTrend recommended that its subscribers protect gains by selling shares of Community Health Systems on May 3rd, 2016 by issuing a Downtrend alert when the shares were trading at $14.14. Since that call, shares of Community Health Systems have fallen 13.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: analyst upgrades/downgrades Community Health Systems