Cbeyond Given Average Rating of “Hold” by Analysts (NASDAQ:CBEY)
Cbeyond (NASDAQ:CBEY) has earned a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the stock, Stock Ratings News reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $7.18.
CBEY has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Cbeyond from an “underperform” rating to a “neutral” rating in a research note on Monday. They now have a $7.30 price target on the stock. Finally, 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.
Cbeyond (NASDAQ:CBEY) opened at 7.10 on Tuesday. Cbeyond has a one year low of $5.39 and a one year high of $9.60. The stock has a 50-day moving average of $6.98 and a 200-day moving average of $6.59. The company’s market cap is $212.1 million.
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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