News headlines about Cincinnati Bell (NYSE:CBB) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cincinnati Bell earned a daily sentiment score of 0.00 on Accern’s scale. Accern also gave media coverage about the utilities provider an impact score of 44.9049276506333 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several brokerages recently issued reports on CBB. ValuEngine lowered shares of Cincinnati Bell from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Morgan Stanley began coverage on shares of Cincinnati Bell in a research note on Thursday, November 30th. They issued an “equal weight” rating and a $24.00 price objective on the stock.
Cincinnati Bell (CBB) traded down $0.15 during trading on Tuesday, hitting $15.05. 225,529 shares of the company’s stock were exchanged, compared to its average volume of 353,162. Cincinnati Bell has a 12-month low of $14.00 and a 12-month high of $22.20. The company has a market capitalization of $648.63, a price-to-earnings ratio of 25.86 and a beta of 1.46. The company has a debt-to-equity ratio of -6.35, a current ratio of 1.99 and a quick ratio of 1.86.
In other news, CFO Andrew R. Kaiser purchased 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average cost of $15.90 per share, with a total value of $47,700.00. Following the completion of the transaction, the chief financial officer now directly owns 24,280 shares of the company’s stock, valued at $386,052. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher J. Wilson purchased 2,959 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were purchased at an average cost of $14.45 per share, for a total transaction of $42,757.55. Following the completion of the transaction, the vice president now directly owns 51,723 shares of the company’s stock, valued at $747,397.35. The disclosure for this purchase can be found here. Insiders acquired 7,334 shares of company stock worth $110,450 over the last ninety days. Insiders own 1.40% 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.
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