Cincinnati Bell Inc (NYSE:CBB) Rating Increased to Hold at ValuEngine

ValuEngine upgraded shares of Cincinnati Bell Inc (NYSE:CBB) from a sell rating to a hold rating in a research report released on Thursday, November 2nd.

A number of other analysts also recently issued reports on CBB. BidaskClub downgraded shares of Cincinnati Bell from a buy rating to a hold rating in a report on Saturday, August 19th. Gabelli downgraded shares of Cincinnati Bell from a buy rating to a hold rating in a report on Tuesday, August 8th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $23.50.

Shares of Cincinnati Bell (CBB) traded down $0.40 during midday trading on Thursday, reaching $18.95. 399,700 shares of the company were exchanged, compared to its average volume of 325,640. Cincinnati Bell has a 12-month low of $16.05 and a 12-month high of $24.45. The stock has a market capitalization of $816.29, a P/E ratio of 193.50, a PEG ratio of 5.72 and a beta of 1.47. The company has a debt-to-equity ratio of -4.26, a current ratio of 1.02 and a quick ratio of 0.94.

Cincinnati Bell (NYSE:CBB) last announced its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.05. Cincinnati Bell had a net margin of 4.13% and a negative return on equity of 2.69%. The firm had revenue of $289.20 million for the quarter, compared to the consensus estimate of $286.22 million. During the same period in the prior year, the firm posted $0.38 earnings per share. The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. equities analysts predict that Cincinnati Bell will post 1.13 earnings per share for the current fiscal year.

WARNING: This story was published by BBNS and is owned by of BBNS. If you are viewing this story on another site, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this story can be viewed at https://baseballnewssource.com/markets/cincinnati-bell-inc-cbb-upgraded-at-valuengine/1752487.html.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. California Public Employees Retirement System lifted its holdings in Cincinnati Bell by 3.8% during the third quarter. California Public Employees Retirement System now owns 198,047 shares of the utilities provider’s stock valued at $3,931,000 after purchasing an additional 7,267 shares in the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new position in Cincinnati Bell during the third quarter valued at $791,000. Dimensional Fund Advisors LP lifted its holdings in Cincinnati Bell by 2.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,628,621 shares of the utilities provider’s stock valued at $32,329,000 after purchasing an additional 31,489 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Cincinnati Bell by 10.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 390,724 shares of the utilities provider’s stock valued at $7,756,000 after purchasing an additional 36,362 shares in the last quarter. Finally, Citadel Advisors LLC lifted its holdings in Cincinnati Bell by 190.4% during the third quarter. Citadel Advisors LLC now owns 62,237 shares of the utilities provider’s stock valued at $1,235,000 after purchasing an additional 40,805 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Cincinnati Bell (NYSE:CBB)

Receive News & Ratings for Cincinnati Bell Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cincinnati Bell Inc and related companies with our FREE daily email newsletter.

 


Latest News

Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts


Leave a Reply

 
© 2006-2017 BBNS.