Cincinnati Bell (CBB) Given Daily Media Sentiment Rating of 0.06
Media headlines about Cincinnati Bell (NYSE:CBB) have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cincinnati Bell earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned news articles about the utilities provider an impact score of 47.9869347301015 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Ncaa Football: Ferguson Gets First Start, Saunders Posts His First Score (tribune242.com)
- Zacks: Analysts Anticipate Cincinnati Bell Inc. (CBB) Will Post Earnings of -$0.32 Per Share (americanbankingnews.com)
- Cincinnati Bell displeased with streetcar performance (finance.yahoo.com)
- Cincinnati Bell Presenting at the Bank of America Merrill Lynch 2018 Media, Communications & Entertainment Conference (finance.yahoo.com)
Several brokerages have issued reports on CBB. ValuEngine upgraded Cincinnati Bell from a “sell” rating to a “hold” rating in a research report on Wednesday, July 4th. Morgan Stanley cut Cincinnati Bell from an “overweight” rating to an “equal” rating and set a $16.00 target price for the company. in a research note on Friday, May 25th. Wells Fargo & Co raised Cincinnati Bell from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 9th. They noted that the move was a valuation call. Finally, UBS Group cut Cincinnati Bell from a “buy” rating to a “hold” rating and set a $18.00 target price for the company. in a research note on Tuesday, July 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $17.00.
Cincinnati Bell (NYSE:CBB) last released its earnings results on Wednesday, August 8th. The utilities provider reported ($0.19) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.07). The firm had revenue of $296.80 million during the quarter, compared to analyst estimates of $298.03 million. Cincinnati Bell had a negative net margin of 3.98% and a negative return on equity of 0.61%. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period last year, the business posted $0.08 earnings per share. equities research analysts forecast that Cincinnati Bell will post -0.99 earnings per share for the current fiscal year.
In other news, Director Phillip R. Cox sold 14,597 shares of Cincinnati Bell stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $12.60, for a total value of $183,922.20. Following the completion of the sale, the director now directly owns 9,216 shares of the company’s stock, valued at approximately $116,121.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is currently owned by company 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.
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