Cincinnati Bell Inc (NYSE:CBB) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

Several other equities research analysts have also commented on the stock. ValuEngine lowered shares of Cincinnati Bell from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Morgan Stanley reaffirmed an “equal weight” rating and set a $22.00 price target (down previously from $25.00) on shares of Cincinnati Bell in a research report on Wednesday, June 14th. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $21.08.

Cincinnati Bell (CBB) traded up 2.20% during trading on Wednesday, hitting $18.55. 304,311 shares of the stock traded hands. Cincinnati Bell has a 52-week low of $16.05 and a 52-week high of $25.65. The company has a market cap of $781.59 million, a P/E ratio of 5.38 and a beta of 1.68. The firm has a 50-day moving average price of $18.27 and a 200 day moving average price of $19.20.

Cincinnati Bell (NYSE:CBB) last posted its earnings results on Tuesday, May 9th. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by $0.60. The company had revenue of $278 million for the quarter, compared to the consensus estimate of $291.68 million. Cincinnati Bell had a net margin of 13.23% and a negative return on equity of 3.12%. Cincinnati Bell’s revenue was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.02 EPS. On average, equities analysts expect that Cincinnati Bell will post $1.04 EPS for the current year.

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Several large investors have recently added to or reduced their stakes in the stock. Aperio Group LLC raised its stake in Cincinnati Bell by 49.3% in the second quarter. Aperio Group LLC now owns 19,457 shares of the utilities provider’s stock valued at $380,000 after buying an additional 6,425 shares during the last quarter. State of Alaska Department of Revenue raised its stake in 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. Jane Street Group LLC acquired a new stake in Cincinnati Bell during the first quarter valued at approximately $428,000. Jericho Capital Asset Management L.P. acquired a new stake in Cincinnati Bell during the first quarter valued at approximately $13,143,000. Finally, State Street Corp acquired a new stake in Cincinnati Bell during the first quarter valued at approximately $19,007,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

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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