Insider Selling: Christopher J. Wilson Sells 30,907 Shares of Cincinnati Bell Stock (CBB)
Cincinnati Bell (NYSE:CBB) VP Christopher J. Wilson sold 30,907 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $3.80, for a total transaction of $117,446.60. Following the transaction, the vice president now directly owns 76,834 shares in the company, valued at approximately $291,969. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Cincinnati Bell (NYSE:CBB) traded up 1.17% during mid-day trading on Thursday, hitting $3.875. The stock had a trading volume of 831,544 shares. Cincinnati Bell has a one year low of $2.62 and a one year high of $3.98. The stock has a 50-day moving average of $3.60 and a 200-day moving average of $3.50. The company’s market cap is $810.1 million.
Cincinnati Bell (NYSE:CBB) last released its earnings data on Thursday, May 8th. The company reported $0.02 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.02. The company had revenue of $322.50 million for the quarter, compared to the consensus estimate of $303.86 million. During the same quarter last year, the company posted $0.01 earnings per share. Cincinnati Bell’s revenue was down 1.0% compared to the same quarter last year. Analysts expect that Cincinnati Bell will post $0.06 EPS for the current fiscal year.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Cincinnati Bell in a research note on Thursday, April 17th. They now have a $3.50 price target on the stock.
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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