Somewhat Critical Media Coverage Somewhat Unlikely to Affect Cincinnati Bell (CBB) Share Price
Press coverage about Cincinnati Bell (NYSE:CBB) has been trending somewhat negative on Tuesday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cincinnati Bell earned a coverage optimism score of -0.01 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 45.2431275241621 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Cincinnati Bell claims board backing from ISS, Glass Lewis (seekingalpha.com)
- Leading Proxy Advisory Firms ISS and Glass Lewis Recommend That Cincinnati Bell Shareholders Vote the WHITE Proxy Card FOR ALL the Company’s Director Nominees (finance.yahoo.com)
- Cincinnati Bell (CBB) Stock Rating Upgraded by BidaskClub (americanbankingnews.com)
- Cincinnati Bell Inc (NYSE:CBB): Should The Recent Earnings Drop Worry You? (finance.yahoo.com)
- Investors Purchase Large Volume of Cincinnati Bell Put Options (CBB) (americanbankingnews.com)
Several research firms have weighed in on CBB. TheStreet cut shares of Cincinnati Bell from a “c-” rating to a “d+” rating in a research report on Wednesday, March 28th. Morgan Stanley lowered their price objective on shares of Cincinnati Bell from $24.00 to $16.00 and set an “equal weight” rating for the company in a research report on Monday, March 19th. Finally, ValuEngine cut shares of Cincinnati Bell from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $16.00.
Cincinnati Bell (NYSE:CBB) last issued its quarterly earnings results on Thursday, February 15th. The utilities provider reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.24). Cincinnati Bell had a negative return on equity of 0.61% and a net margin of 2.52%. The business had revenue of $427.10 million for the quarter, compared to analyst estimates of $462.31 million. During the same quarter in the prior year, the firm earned $0.01 EPS. The firm’s quarterly revenue was up 49.7% compared to the same quarter last year. equities research analysts anticipate that Cincinnati Bell will post -0.4 earnings per share for the current year.
In other Cincinnati Bell news, VP Christopher J. Wilson purchased 2,959 shares of the stock in a transaction dated Friday, February 23rd. The stock was bought at an average price of $14.45 per share, for a total transaction of $42,757.55. Following the transaction, the vice president now directly owns 51,723 shares in the company, valued at $747,397.35. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andrew R. Kaiser purchased 3,000 shares of the stock in a transaction dated Tuesday, February 27th. The shares were acquired at an average price of $15.90 per share, with a total value of $47,700.00. Following the transaction, the chief financial officer now owns 24,280 shares in the company, valued at $386,052. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 7,334 shares of company stock valued at $110,450. 1.40% of the stock is owned by corporate insiders.
Cincinnati Bell Company Profile
Cincinnati Bell Inc, together with its subsidiaries, provides diversified telecommunications and technology services to residential and business customers in the United States. It operates in two segments, Entertainment and Communications, and IT Services and Hardware. The Entertainment and Communications segment offers data services, including high-speed Internet access, data transport, and interconnection services, as well as metro-Ethernet products; and voice local services, such as Fioptics voice lines, voice over Internet protocol, long distance, digital trunking, switched access, caller identification, voicemail, call waiting, and call return.
Receive News & Ratings for Cincinnati Bell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cincinnati Bell and related companies with MarketBeat.com's FREE daily email newsletter.