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Guggenheim Sticks to Its Hold Rating for Community Health (CYH)

Tipranks - Tipranks - Fri Apr 24, 6:34AM CDT

In a report released yesterday, Jason Cassorla from Guggenheim reiterated a Hold rating on Community Health. The company’s shares closed yesterday at $2.71.

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Cassorla covers the Healthcare sector, focusing on stocks such as Cigna, Elevance Health, and Universal Health. According to TipRanks, Cassorla has an average return of -2.5% and a 46.23% success rate on recommended stocks.

In addition to Guggenheim, Community Health also received a Hold from Barclays’s Andrew Mok CFA in a report issued today. However, on April 13, Wells Fargo assigned a Sell rating to Community Health (NYSE: CYH).

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Based on Community Health’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.97 billion and a GAAP net loss of $58 million. In comparison, last year the company earned a revenue of $3.16 billion and had a GAAP net loss of $13 million

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