Somewhat Positive Media Coverage Somewhat Unlikely to Impact Cincinnati Bell (NYSE:CBB) Stock Price
News coverage about Cincinnati Bell (NYSE:CBB) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cincinnati Bell earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave media stories about the utilities provider an impact score of 45.7540015630219 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Cincinnati Bell Inc. (NYSE:CBB) Closed 7.5% Above Its 50 Day Moving Average (highlightpress.com)
- 13D Filing: GAMCO Investors and Cincinnati Bell Inc (CBB) (feedproxy.google.com)
- Comparing PLDT (PHI) & Cincinnati Bell (CBB) (americanbankingnews.com)
- Cincinnati Bell Inc (CBB) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
CBB has been the topic of several recent analyst reports. BidaskClub upgraded Cincinnati Bell from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Morgan Stanley reiterated an “equal weight” rating and set a $22.00 target price (down from $25.00) on shares of Cincinnati Bell in a report on Wednesday, June 14th. Gabelli lowered Cincinnati Bell from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, ValuEngine lowered Cincinnati Bell from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $23.50.
Cincinnati Bell (NYSE CBB) traded down 0.73% during mid-day trading on Friday, hitting $20.50. The company’s stock had a trading volume of 277,672 shares. The firm has a 50 day moving average of $19.24 and a 200-day moving average of $18.83. Cincinnati Bell has a 52-week low of $16.05 and a 52-week high of $24.45. The firm has a market cap of $864.59 million, a price-to-earnings ratio of 12.50 and a beta of 1.66.
Cincinnati Bell (NYSE:CBB) last released its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.07. The company had revenue of $294 million for the quarter, compared to analysts’ expectations of $284.28 million. Cincinnati Bell had a net margin of 6.84% and a negative return on equity of 3.87%. The business’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.04 EPS. On average, equities research analysts expect that Cincinnati Bell will post $1.36 EPS for the current fiscal year.
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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