Cincinnati Bell Inc. (NYSE:CBB) – Equities research analysts at Gabelli issued their FY2017 earnings per share estimates for Cincinnati Bell in a report issued on Thursday. Gabelli analyst S. Dluzhevskiy forecasts that the brokerage will earn $0.05 per share for the year. Gabelli has a “Buy” rating on the stock. Gabelli also issued estimates for Cincinnati Bell’s FY2018 earnings at ($0.05) EPS and FY2020 earnings at $0.30 EPS.

A number of other equities research analysts have also recently weighed in on CBB. Bank of America Corp. set a $16.25 price target on shares of Cincinnati Bell and gave the company a “sell” rating in a research report on Wednesday, August 3rd. Raymond James Financial Inc. reiterated a “market perform” rating on shares of Cincinnati Bell in a research report on Monday, August 8th. Finally, Zacks Investment Research cut shares of Cincinnati Bell from a “buy” rating to a “hold” rating in a research report on Monday, August 29th.

Shares of Cincinnati Bell (NYSE:CBB) traded down 0.10% on Monday, reaching $19.50. 333,910 shares of the company’s stock were exchanged. The firm has a market capitalization of $819.66 million, a P/E ratio of 4.41 and a beta of 1.60. The firm has a 50 day moving average of $20.45 and a 200 day moving average of $20.87. Cincinnati Bell has a one year low of $14.00 and a one year high of $25.65.

Cincinnati Bell (NYSE:CBB) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.01 by $0.35. The firm earned $299 million during the quarter, compared to analyst estimates of $295.79 million. Cincinnati Bell had a net margin of 16.78% and a negative return on equity of 5.73%. Cincinnati Bell’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.01 EPS.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. raised its position in Cincinnati Bell by 5.1% in the second quarter. Ameriprise Financial Inc. now owns 1,039,162 shares of the company’s stock valued at $4,750,000 after buying an additional 50,747 shares during the last quarter. First Trust Advisors LP raised its position in Cincinnati Bell by 3.6% in the second quarter. First Trust Advisors LP now owns 367,637 shares of the company’s stock valued at $1,680,000 after buying an additional 12,731 shares during the last quarter. GSA Capital Partners LLP raised its position in Cincinnati Bell by 90.8% in the second quarter. GSA Capital Partners LLP now owns 430,500 shares of the company’s stock valued at $1,967,000 after buying an additional 204,819 shares during the last quarter. California Public Employees Retirement System raised its position in Cincinnati Bell by 5.6% in the second quarter. California Public Employees Retirement System now owns 1,238,504 shares of the company’s stock valued at $5,660,000 after buying an additional 65,400 shares during the last quarter. Finally, Swiss National Bank raised its position in Cincinnati Bell by 1.8% in the second quarter. Swiss National Bank now owns 315,600 shares of the company’s stock valued at $1,442,000 after buying an additional 5,700 shares during the last quarter. 79.60% of the stock is owned by institutional investors and hedge funds.

In other news, VP Christopher J. Wilson sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $3.70, for a total value of $111,000.00. Following the completion of the transaction, the vice president now owns 74,457 shares of the company’s stock, valued at $275,490.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.00% 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. The Entertainment and Communications segment provides products and services, such as high-speed Internet, data transport local voice, long distance, voice over Internet protocol (VoIP), video and other services.

5 Day Chart for NYSE:CBB

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