Cincinnati Bell (CBB) Releases Quarterly Earnings Results, Misses Expectations By $0.13 EPS
Cincinnati Bell (NYSE:CBB) issued its quarterly earnings data on Thursday. The company reported ($0.15) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.02) by $0.13, Analyst Ratings Network reports. The company had revenue of $308.40 million for the quarter, compared to the consensus estimate of $70.97 million.
A number of research firms have recently commented on CBB. Analysts at Stephens initiated coverage on shares of Cincinnati Bell in a research note on Wednesday, January 22nd. They set an “overweight” rating on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Cincinnati Bell in a research note on Tuesday, January 21st. They now have a $4.00 price target on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. Cincinnati Bell currently has a consensus rating of “Hold” and an average target price of $3.80.
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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