Community Health Systems Target of Unusually High Options Trading (CYH)
Shares of Community Health Systems (NYSE:CYH) was the recipient of unusually large options trading activity on Friday. Traders purchased 13,168 call options on the stock, AnalystRatings.Net reports. This is an increase of 659% compared to the typical daily volume of 1,736 call options.
CYH has been the subject of a number of recent research reports. Analysts at FBR & Co. initiated coverage on shares of Community Health Systems in a research note to investors on Friday, November 8th. They set an “outperform” rating on the stock. Separately, analysts at FBR Capital Markets initiated coverage on shares of Community Health Systems in a research note to investors on Friday, November 8th. They set an “outperform” rating and a $58.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Community Health Systems in a research note to investors on Thursday, October 31st. They now have a $62.00 price target on the stock. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $52.10.
Shares of Community Health Systems (NYSE:CYH) opened at 42.52 on Monday. Community Health Systems has a 52 week low of $32.11 and a 52 week high of $51.29. The stock has a 50-day moving average of $40.18 and a 200-day moving average of $42.51. The company has a market cap of $3.968 billion and a price-to-earnings ratio of 21.82.
Community Health Systems (NYSE:CYH) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.69 by $0.03. The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter last year, the company posted $0.86 earnings per share. Community Health Systems’s revenue was up .2% compared to the same quarter last year. On average, analysts predict that Community Health Systems will post $2.90 earnings per share for the current fiscal year.
Community Health Systems, Inc, is an operator of hospitals in 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.
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