Shares of Cincinnati Bell Inc (NYSE:CBB) have received an average rating of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $22.00.

Several research analysts have issued reports on the company. Gabelli cut Cincinnati Bell from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. BidaskClub cut Cincinnati Bell from a “buy” rating to a “hold” rating in a research report on Saturday, August 19th. Finally, ValuEngine raised Cincinnati Bell from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd.

Cincinnati Bell (NYSE CBB) opened at $20.95 on Monday. The stock has a market capitalization of $883.80, a PE ratio of 209.50, a price-to-earnings-growth ratio of 6.20 and a beta of 1.47. The company has a debt-to-equity ratio of -4.26, a current ratio of 1.02 and a quick ratio of 0.94. Cincinnati Bell has a 12-month low of $16.05 and a 12-month high of $24.45.

Cincinnati Bell (NYSE:CBB) last announced its earnings results on Thursday, November 2nd. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.05. The business had revenue of $289.20 million for the quarter, compared to analysts’ expectations of $286.22 million. Cincinnati Bell had a negative return on equity of 2.69% and a net margin of 4.13%. The business’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period last year, the firm posted $0.38 earnings per share. equities analysts anticipate that Cincinnati Bell will post 1.13 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Chicago Equity Partners LLC bought a new stake in Cincinnati Bell during the 2nd quarter valued at approximately $1,038,000. Aperio Group LLC raised its stake in Cincinnati Bell by 49.3% during the 2nd quarter. Aperio Group LLC now owns 19,457 shares of the utilities provider’s stock valued at $380,000 after purchasing an additional 6,425 shares during the period. Legal & General Group Plc raised its stake in Cincinnati Bell by 16.8% during the 2nd quarter. Legal & General Group Plc now owns 88,599 shares of the utilities provider’s stock valued at $1,732,000 after purchasing an additional 12,763 shares during the period. Menta Capital LLC bought a new stake in Cincinnati Bell during the 2nd quarter valued at approximately $1,166,000. Finally, Citadel Advisors LLC raised its stake in Cincinnati Bell by 89.8% during the 2nd quarter. Citadel Advisors LLC now owns 21,432 shares of the utilities provider’s stock valued at $419,000 after purchasing an additional 10,139 shares during the period. 82.07% of the stock is currently owned by hedge funds and other institutional investors.

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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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