Cincinnati Bell Inc (NYSE:CBB) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Thursday.

A number of other equities analysts have also weighed in on the stock. BidaskClub lowered shares of Cincinnati Bell from a “buy” rating to a “hold” rating in a report on Saturday, August 19th. Gabelli lowered shares of Cincinnati Bell from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Cincinnati Bell currently has a consensus rating of “Hold” and a consensus price target of $23.50.

Cincinnati Bell (NYSE:CBB) last announced its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Cincinnati Bell had a negative return on equity of 3.87% and a net margin of 6.84%. The firm had revenue of $289.20 million during the quarter, compared to analysts’ expectations of $286.22 million. During the same quarter in the previous year, the firm earned $0.38 earnings per share. Cincinnati Bell’s revenue was down 7.4% on a year-over-year basis.

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Institutional investors and hedge funds have recently made changes to their positions in the business. Pinebridge Investments L.P. raised its stake in Cincinnati Bell by 1.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 5,551 shares of the utilities provider’s stock valued at $108,000 after buying an additional 55 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Cincinnati Bell by 10.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,511 shares of the utilities provider’s stock valued at $127,000 after buying an additional 606 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Cincinnati Bell by 78.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 8,316 shares of the utilities provider’s stock valued at $162,000 after buying an additional 3,666 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Cincinnati Bell by 4.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,950 shares of the utilities provider’s stock valued at $195,000 after buying an additional 390 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new stake in shares of Cincinnati Bell in the 1st quarter worth $231,000. Institutional investors and hedge funds own 84.34% of the company’s stock.

About Cincinnati Bell

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.

Analyst Recommendations for Cincinnati Bell (NYSE:CBB)

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