Momentum Stock Watch: Community Health Systems Inc. (CYH)

Company Profile:

Community Health Systems, Inc., through its subsidiaries, owns, leases, and operates general acute care hospitals in the United States. The company offers general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric, and rehabilitation services, as well as skilled nursing and home care services. It also provides outpatient services at urgent care centers, occupational medicine clinics, imaging centers, cancer centers, and ambulatory surgery centers. As of December 31, 2019, it owned or leased 102 hospitals, including 100 general acute care hospitals and two stand-alone rehabilitation or psychiatric hospitals with an aggregate of 16,240 licensed beds. Community Health Systems, Inc. was founded in 1985 and is headquartered in Franklin, Tennessee.

Recent News:

The Company will provide an online Web simulcast and rebroadcast of its third quarter 2020 conference call. It will issue a press release announcing its results on Tuesday, October 27, 2020, after the regular close of trading. The conference call is scheduled to begin at 10:00 a.m. Central time, 11:00 a.m. Eastern time, on Wednesday, October 28, 2020.

For the second quarter ended June 30, 2020, the company reported net income attributable to Community Health Systems, Inc. common stockholders was $70 million, or $0.61 per share (diluted), compared with net loss of $(167) million, or $(1.47) per share (diluted), for the same period in 2019.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

CYH’s strengths can be seen in its better profitability compared with its peers. Technical indicators signal the bullish signs, as there is a bullish crossover in MACD and Stochastic oscillator. The RSI stands at 61.32 with positive bias. We rate Community Health Systems Inc. (CYH) a STRONG BUY.

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