Cincinnati Bell Inc (NYSE:CBB) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Thursday.

A number of other research analysts also recently weighed in on CBB. ValuEngine downgraded Cincinnati Bell from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Morgan Stanley reissued an “equal weight” rating and issued a $22.00 price objective (down from $25.00) on shares of Cincinnati Bell in a research note on Wednesday, June 14th. Six equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Cincinnati Bell currently has an average rating of “Hold” and an average price target of $21.08.

Shares of Cincinnati Bell (CBB) traded up 4.20% during mid-day trading on Thursday, hitting $17.35. The stock had a trading volume of 545,054 shares. The company has a 50-day moving average of $17.77 and a 200 day moving average of $19.60. Cincinnati Bell has a one year low of $16.05 and a one year high of $25.65. The firm has a market cap of $731.72 million, a price-to-earnings ratio of 5.04 and a beta of 1.68.

Cincinnati Bell (NYSE:CBB) last posted its quarterly earnings results on Tuesday, May 9th. The utilities provider reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by $0.60. Cincinnati Bell had a negative return on equity of 3.12% and a net margin of 13.23%. The firm had revenue of $278 million for the quarter, compared to analysts’ expectations of $291.68 million. During the same period last year, the business earned $0.02 earnings per share. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, equities research analysts forecast that Cincinnati Bell will post $1.02 earnings per share for the current year.

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Institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue increased its position in shares of Cincinnati Bell by 78.8% in the second quarter. State of Alaska Department of Revenue now owns 8,316 shares of the utilities provider’s stock valued at $162,000 after buying an additional 3,666 shares during the last quarter. BNP Paribas Arbitrage SA purchased a new stake in Cincinnati Bell during the first quarter worth $161,000. Mason Street Advisors LLC increased its stake in Cincinnati Bell by 7.3% in the first quarter. Mason Street Advisors LLC now owns 9,851 shares of the utilities provider’s stock worth $174,000 after buying an additional 668 shares during the last quarter. Karp Capital Management Corp purchased a new stake in Cincinnati Bell during the first quarter worth $231,000. Finally, Clinton Group Inc. purchased a new stake in Cincinnati Bell during the first quarter worth $259,000. Hedge funds and other institutional investors own 81.74% of the company’s stock.

Cincinnati Bell Company Profile

Cincinnati Bell Inc, along with its subsidiaries, provides diversified telecommunications and technology services. The Company operates through two segments: Entertainment and Communications, and IT Services and Hardware. Through its Entertainment and Communications segment, the Company provides high-speed data, video and voice solutions to consumers and businesses over fiber network and a legacy copper network.

Analyst Recommendations for Cincinnati Bell (NYSE:CBB)

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