Cincinnati Bell Inc. (NYSE:CBB) – Research analysts at Gabelli upped their FY2018 earnings estimates for shares of Cincinnati Bell in a research report issued on Thursday. Gabelli analyst S. Dluzhevskiy now anticipates that the brokerage will post earnings of $0.05 per share for the year, up from their prior estimate of ($0.05). Gabelli currently has a “Buy” rating on the stock. Gabelli also issued estimates for Cincinnati Bell’s FY2019 earnings at $0.20 EPS and FY2020 earnings at $0.35 EPS.

Cincinnati Bell (NYSE:CBB) last issued its earnings results on Wednesday, November 2nd. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.33. The company earned $312.40 million during the quarter, compared to analyst estimates of $300.03 million. Cincinnati Bell had a net margin of 11.43% and a negative return on equity of 4.95%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $0.37 EPS.

CBB has been the topic of several other reports. Zacks Investment Research lowered shares of Cincinnati Bell from a “buy” rating to a “hold” rating in a report on Monday, August 29th. Raymond James Financial Inc. restated a “market perform” rating on shares of Cincinnati Bell in a report on Monday, August 8th. Drexel Hamilton initiated coverage on shares of Cincinnati Bell in a report on Wednesday. They issued a “buy” rating on the stock. Finally, Bank of America Corp. set a $16.25 target price on shares of Cincinnati Bell and gave the company a “sell” rating in a research note on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.38.

Shares of Cincinnati Bell (NYSE:CBB) traded up 3.08% during midday trading on Monday, hitting $21.75. 340,392 shares of the company’s stock were exchanged. The company has a 50-day moving average of $19.39 and a 200-day moving average of $20.86. The firm has a market cap of $914.04 million, a price-to-earnings ratio of 7.34 and a beta of 1.83. Cincinnati Bell has a 52 week low of $14.00 and a 52 week high of $25.65.

A number of large investors have recently modified their holdings of the stock. PineBridge Investments L.P. increased its stake in shares of Cincinnati Bell by 6.0% in the second quarter. PineBridge Investments L.P. now owns 26,640 shares of the company’s stock valued at $121,000 after buying an additional 1,518 shares during the last quarter. BlackRock Group LTD increased its stake in shares of Cincinnati Bell by 8.2% in the first quarter. BlackRock Group LTD now owns 339,137 shares of the company’s stock valued at $1,314,000 after buying an additional 25,775 shares in the last quarter. Mason Street Advisors LLC bought a new stake in shares of Cincinnati Bell during the second quarter valued at about $188,000. Goldman Sachs Group Inc. increased its stake in shares of Cincinnati Bell by 97.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,232,076 shares of the company’s stock valued at $4,768,000 after buying an additional 608,583 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Cincinnati Bell by 2.6% in the second quarter. Principal Financial Group Inc. now owns 1,518,146 shares of the company’s stock valued at $6,938,000 after buying an additional 38,772 shares in the last quarter.

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About Cincinnati Bell

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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