Media headlines about Cincinnati Bell (NYSE:CBB) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cincinnati Bell earned a news impact score of 0.08 on Accern’s scale. Accern also gave headlines about the utilities provider an impact score of 45.9598167088545 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Cincinnati Bell, Inc. breached its 50 day moving average in a Bearish Manner : CBB-US : September 11, 2017 (finance.yahoo.com)
- Here's Why You Should Offload Cincinnati Bell Stock for Now (finance.yahoo.com)
- Here’s Why You Should Offload Cincinnati Bell Stock for Now (zacks.com)
- Why Is Cincinnati Bell (CBB) Down 1.8% Since the Last Earnings Report? (finance.yahoo.com)
A number of equities research analysts have recently issued reports on the company. ValuEngine lowered Cincinnati Bell from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Morgan Stanley reiterated an “equal weight” rating and issued a $22.00 price objective (down from $25.00) on shares of Cincinnati Bell in a report on Wednesday, June 14th. BidaskClub upgraded Cincinnati Bell from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Gabelli cut Cincinnati Bell from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Cincinnati Bell has a consensus rating of “Hold” and a consensus target price of $23.50.
Cincinnati Bell (NYSE CBB) opened at 19.00 on Tuesday. The company’s 50 day moving average price is $20.39 and its 200-day moving average price is $18.70. The stock has a market cap of $801.33 million, a price-to-earnings ratio of 11.59 and a beta of 1.59. Cincinnati Bell has a 12-month low of $16.05 and a 12-month high of $24.45.
Cincinnati Bell (NYSE:CBB) last issued its earnings results on Friday, August 4th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. The business had revenue of $294 million for the quarter, compared to analyst estimates of $284.28 million. Cincinnati Bell had a net margin of 6.84% and a negative return on equity of 3.87%. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.04 EPS. On average, analysts forecast that Cincinnati Bell will post $1.36 EPS for the current year.
Cincinnati Bell Company Profile
Cincinnati Bell Inc, along with its subsidiaries, provides diversified telecommunications and technology services. The Company operates through two segments: Entertainment and Communications, and IT Services and Hardware. Through its Entertainment and Communications segment, the Company provides high-speed data, video and voice solutions to consumers and businesses over fiber network and a legacy copper network.
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