Cincinnati Bell Inc (NYSE:CBB) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.
A number of other equities research analysts have also issued reports on CBB. BidaskClub lowered Cincinnati Bell from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Gabelli lowered Cincinnati Bell from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $23.50.
Shares of Cincinnati Bell (NYSE CBB) traded down $0.30 during trading on Thursday, hitting $19.35. The stock had a trading volume of 415,586 shares, compared to its average volume of 246,210. The firm has a market capitalization of $816.29, a price-to-earnings ratio of 193.50, a PEG ratio of 5.07 and a beta of 1.47. The company has a quick ratio of 0.95, a current ratio of 1.04 and a debt-to-equity ratio of -4.40. Cincinnati Bell has a 12 month low of $16.05 and a 12 month high of $24.45.
Cincinnati Bell (NYSE:CBB) last announced its earnings results on Thursday, November 2nd. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.05. The company had revenue of $289.20 million for the quarter, compared to analyst estimates of $286.22 million. Cincinnati Bell had a negative return on equity of 2.72% and a net margin of 4.13%. Cincinnati Bell’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.38 earnings per share. equities analysts anticipate that Cincinnati Bell will post 1.2 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the stock. Pinebridge Investments L.P. raised its position in Cincinnati Bell by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 5,551 shares of the utilities provider’s stock valued at $108,000 after buying an additional 55 shares during the period. Public Employees Retirement System of Ohio raised its position in Cincinnati Bell by 10.3% during the second quarter. Public Employees Retirement System of Ohio now owns 6,511 shares of the utilities provider’s stock valued at $127,000 after buying an additional 606 shares during the period. State of Alaska Department of Revenue raised its position in Cincinnati Bell by 78.8% during the second quarter. State of Alaska Department of Revenue now owns 8,316 shares of the utilities provider’s stock valued at $162,000 after buying an additional 3,666 shares during the period. Municipal Employees Retirement System of Michigan raised its position in Cincinnati Bell by 4.1% during the second quarter. Municipal Employees Retirement System of Michigan now owns 9,950 shares of the utilities provider’s stock valued at $195,000 after buying an additional 390 shares during the period. Finally, Karp Capital Management Corp acquired a new position in Cincinnati Bell during the first quarter valued at $231,000. 84.34% of the stock is currently owned by hedge funds and other institutional investors.
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.
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