Cbeyond Rating Increased to Neutral at Zacks (CBEY)
Cbeyond (NASDAQ:CBEY) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Monday, StockRatingsNetwork.com reports. The firm currently has a $7.30 price objective on the stock. Zacks‘ target price suggests a potential upside of 2.82% from the company’s current price.
Shares of Cbeyond (NASDAQ:CBEY) traded down 0.28% during mid-day trading on Monday, hitting $7.10. 130,677 shares of the company’s stock traded hands. Cbeyond has a 1-year low of $5.39 and a 1-year high of $9.60. The stock’s 50-day moving average is $6.98 and its 200-day moving average is $6.59. The company’s market cap is $212.1 million.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group initiated coverage on shares of Cbeyond in a research note on Thursday, December 19th. They set a “hold” rating on the stock. Separately, analysts at Davidson upgraded shares of Cbeyond to a “buy” rating in a research note on Monday, December 16th. Finally, analysts at DA Davidson upgraded shares of Cbeyond from a “neutral” rating to a “buy” rating in a research note on Monday, December 16th. They now have a $8.00 price target on the stock, up previously from $6.00. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Cbeyond presently has a consensus rating of “Hold” and an average target price of $7.18.
Cbeyond, Inc provides integrated communications services. The Company offers an integrated package of local and long distance telephony services, T-1 Internet access and Internet-based applications to small and medium sized businesses.
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