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Cbeyond (NASDAQ:CBEY) was downgraded by DA Davidson from a “buy” rating to a “neutral” rating in a research note issued on Tuesday, American Banking News.com reports. They currently have a $10.00 price objective on the stock, up from their previous price objective of $8.00. DA Davidson’s target price points to a potential upside of 1.21% from the stock’s previous close.

Cbeyond (NASDAQ:CBEY) traded up 0.30% during mid-day trading on Tuesday, hitting $9.88. 939,600 shares of the company’s stock traded hands. Cbeyond has a 52-week low of $5.39 and a 52-week high of $9.91. The stock’s 50-day moving average is $7.64 and its 200-day moving average is $6.89. The company’s market cap is $304.0 million.

Cbeyond (NASDAQ:CBEY) last issued its quarterly earnings data on Thursday, March 13th. The company reported ($0.16) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.14) by $0.02. The company had revenue of $11.52 million for the quarter, compared to the consensus estimate of $111.00 million. During the same quarter in the prior year, the company posted ($0.19) earnings per share. The company’s quarterly revenue was down 6.2% on a year-over-year basis. Analysts expect that Cbeyond will post $-0.81 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Drexel Hamilton downgraded shares of Cbeyond from a “buy” rating to a “hold” rating in a research note on Wednesday, April 23rd. They now have a $10.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Cbeyond in a research note on Tuesday, April 22nd. They now have a $10.00 price target on the stock. Finally, analysts at Bank of America reiterated an “underperform” rating on shares of Cbeyond in a research note on Tuesday, April 22nd. They now have a $6.00 price target on the stock. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $8.34.

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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