Cincinnati Bell Now Covered by Analysts at Stephens (CBB)
Equities research analysts at Stephens began coverage on shares of Cincinnati Bell (NYSE:CBB) in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating on the stock.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Cincinnati Bell in a research note to investors on Tuesday. They now have a $4.00 price target on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Cincinnati Bell has an average rating of “Hold” and an average target price of $3.80.
Shares of Cincinnati Bell (NYSE:CBB) remained flat at $3.75 during during mid-day trading trading on Wednesday. 519,085 shares of the company’s stock traded hands. Cincinnati Bell has a 52-week low of $2.62 and a 52-week high of $5.18. The stock’s 50-day moving average is $3.50 and its 200-day moving average is $3.19. The company’s market cap is $780.1 million.
Cincinnati Bell (NYSE:CBB) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.03 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.01) by $0.04. The company had revenue of $310.80 million for the quarter, compared to the consensus estimate of $304.99 million. During the same quarter last year, the company posted $0.01 earnings per share. Cincinnati Bell’s revenue was down 15.6% compared to the same quarter last year. Analysts expect that Cincinnati Bell will post $-0.16 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.
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