Cincinnati Bell Inc (CBB) Given Average Rating of “Hold” by Brokerages

Shares of Cincinnati Bell Inc (NYSE:CBB) have earned a consensus rating of “Hold” from the eight research firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $23.50.

A number of equities research analysts have issued reports on CBB shares. BidaskClub upgraded shares of Cincinnati Bell from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Morgan Stanley reiterated an “equal weight” rating and issued a $22.00 target price (down previously from $25.00) on shares of Cincinnati Bell in a research report on Wednesday, June 14th. ValuEngine upgraded shares of Cincinnati Bell from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Gabelli downgraded shares of Cincinnati Bell from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th.

Shares of Cincinnati Bell (NYSE:CBB) opened at 19.30 on Wednesday. The stock’s 50 day moving average is $20.35 and its 200 day moving average is $18.70. Cincinnati Bell has a 52 week low of $16.05 and a 52 week high of $24.45. The stock has a market capitalization of $813.98 million, a PE ratio of 11.77 and a beta of 1.59.

Cincinnati Bell (NYSE:CBB) last released its earnings results on Friday, August 4th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.07. Cincinnati Bell had a net margin of 6.84% and a negative return on equity of 3.87%. The company had revenue of $294.00 million during the quarter, compared to the consensus estimate of $284.28 million. During the same quarter in the prior year, the firm earned $0.04 EPS. The company’s revenue was down 1.7% compared to the same quarter last year. Analysts anticipate that Cincinnati Bell will post $1.36 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Cincinnati Bell Inc (CBB) Given Average Rating of “Hold” by Brokerages” was originally reported by Markets Daily and is the sole property of of Markets Daily. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States and international trademark and copyright legislation. The original version of this story can be accessed at https://www.themarketsdaily.com/2017/09/13/cincinnati-bell-inc-cbb-given-average-rating-of-hold-by-brokerages.html.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in Cincinnati Bell by 58,412.1% in the 1st quarter. BlackRock Inc. now owns 6,270,745 shares of the utilities provider’s stock worth $110,992,000 after buying an additional 6,260,028 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Cincinnati Bell by 4.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,597,132 shares of the utilities provider’s stock worth $31,224,000 after purchasing an additional 62,600 shares during the last quarter. FMR LLC increased its stake in shares of Cincinnati Bell by 80.7% during the 1st quarter. FMR LLC now owns 1,423,672 shares of the utilities provider’s stock worth $25,199,000 after purchasing an additional 635,900 shares during the last quarter. State Street Corp increased its stake in shares of Cincinnati Bell by 4.0% during the 2nd quarter. State Street Corp now owns 1,117,322 shares of the utilities provider’s stock worth $21,837,000 after purchasing an additional 43,375 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. increased its stake in shares of Cincinnati Bell by 44.1% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 1,005,813 shares of the utilities provider’s stock worth $19,664,000 after purchasing an additional 307,951 shares during the last quarter. Institutional investors own 85.21% of the company’s stock.

About Cincinnati Bell

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.

Analyst Recommendations for Cincinnati Bell (NYSE:CBB)

Receive News & Ratings for Cincinnati Bell Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cincinnati Bell Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply