Cincinnati Bell Inc. Reaches New 12-Month Low at $2.76 (CBB)
Shares of Cincinnati Bell (NYSE:CBB) hit a new 52-week low during trading on Wednesday, American Banking and Market News reports. The stock traded as low as $2.76 and last traded at $2.81, with a volume of 1,568,884 shares trading hands. The stock had previously closed at $2.88.
Several analysts have recently commented on the stock. Analysts at Bank of America Corp. upgraded shares of Cincinnati Bell (NYSE:CBB) from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 14th. They now have a $3.50 price target on the stock, up previously from $3.00. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Cincinnati Bell (NYSE:CBB) in a research note to investors on Friday, August 9th. They now have a $3.75 price target on the stock, up previously from $3.25. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Cincinnati Bell (NYSE:CBB) in a research note to investors on Tuesday, July 23rd. They now have a $3.75 price target on the stock.
One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $4.00.
Cincinnati Bell has a one year low of $2.76 and a one year high of $5.89. The stock’s 50-day moving average is $3.07 and its 200-day moving average is $3.2. The company’s market cap is $580.4 million.
Cincinnati Bell (NYSE:CBB) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.01) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.02 by $0.03. The company had revenue of $312.00 million for the quarter, compared to the consensus estimate of $304.26 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was down 15.3% on a year-over-year basis. Analysts expect that Cincinnati Bell will post $-0.08 EPS for the current fiscal year.
Cincinnati Bell Inc is a full-service provider of data and voice communications services over wireline and wireless networks, a full-service provider of data center colocation and related managed services, and a reseller of information technology (NYSE:CBB) and telephony equipment.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.