Cincinnati Bell (CBB) Receiving Somewhat Positive News Coverage, Study Finds

News headlines about Cincinnati Bell (NYSE:CBB) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cincinnati Bell earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news articles about the utilities provider an impact score of 47.5366793593508 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:

Shares of Cincinnati Bell (NYSE CBB) traded up $0.40 on Friday, hitting $19.70. The stock had a trading volume of 280,609 shares, compared to its average volume of 325,290. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of -4.26. The stock has a market cap of $831.05, a PE ratio of 189.50, a PEG ratio of 5.61 and a beta of 1.47. Cincinnati Bell has a fifty-two week low of $16.05 and a fifty-two week high of $24.45.

Cincinnati Bell (NYSE:CBB) last announced its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.05. The business had revenue of $289.20 million during the quarter, compared to analysts’ expectations of $286.22 million. Cincinnati Bell had a negative return on equity of 2.69% and a net margin of 4.13%. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 EPS. research analysts forecast that Cincinnati Bell will post 1.13 EPS for the current fiscal year.

Several equities analysts have recently issued reports on the company. ValuEngine upgraded Cincinnati Bell from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. BidaskClub cut Cincinnati Bell from a “buy” rating to a “hold” rating in a research note on Saturday, August 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 assigned a hold rating and one has given a buy rating to the company’s stock. Cincinnati Bell presently has a consensus rating of “Hold” and a consensus price target of $23.50.

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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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