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Cbeyond (NASDAQ:CBEY) was downgraded by analysts at DA Davidson from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, American Banking & Market News reports. They currently have a $10.00 price objective on the stock, up from their previous price objective of $8.00. DA Davidson’s price target would indicate a potential upside of 0.70% from the stock’s previous close.

Shares of Cbeyond (NASDAQ:CBEY) traded down 0.10% on Thursday, hitting $9.93. 457,614 shares of the company’s stock traded hands. Cbeyond has a 52-week low of $5.39 and a 52-week high of $9.96. The stock has a 50-day moving average of $8.6 and a 200-day moving average of $7.22. The company’s market cap is $303.7 million. Cbeyond also was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 678,648 shares, an increase of 35.6% from the April 15th total of 500,631 shares. Approximately 2.6% of the shares of the company are short sold. Based on an average daily trading volume, of 2,460,194 shares, the short-interest ratio is currently 0.3 days.

Cbeyond (NASDAQ:CBEY) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.19) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.19). The company had revenue of $108.50 million for the quarter, compared to the consensus estimate of $109.20 million. On average, analysts predict that Cbeyond will post $-0.78 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on CBEY. Analysts at Raymond James downgraded shares of Cbeyond from a “strong-buy” rating to an “underperform” rating in a research note on Monday. Separately, analysts at Drexel Hamilton downgraded shares of Cbeyond from a “buy” rating to a “hold” rating in a research note on Friday, May 9th. They now have a $10.00 price target on the stock. Finally, analysts at Drexel Hamilton downgraded shares of Cbeyond from a “buy” rating to a “hold” rating in a research note on Thursday, May 1st. They now have a $10.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $8.44.

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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