Somewhat Positive Press Coverage Somewhat Unlikely to Affect Cincinnati Bell (NYSE:CBB) Stock Price

News coverage about Cincinnati Bell (NYSE:CBB) has trended somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cincinnati Bell earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned headlines about the utilities provider an impact score of 47.5366793593508 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news headlines that may have effected Accern Sentiment’s rankings:

A number of equities research analysts have issued reports on CBB shares. BidaskClub downgraded Cincinnati Bell from a “buy” rating to a “hold” rating in a research note on Saturday, August 19th. Morgan Stanley started coverage on Cincinnati Bell in a research note on Thursday. They set an “equal weight” rating and a $24.00 price target for the company. ValuEngine upgraded Cincinnati Bell from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Gabelli downgraded Cincinnati Bell from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $24.00.

Cincinnati Bell (CBB) opened at $21.45 on Monday. The stock has a market capitalization of $904.89, a P/E ratio of 214.50, a P/E/G ratio of 6.35 and a beta of 1.52. The company has a debt-to-equity ratio of -4.26, a quick ratio of 0.94 and a current ratio of 1.02. Cincinnati Bell has a 52 week low of $16.05 and a 52 week high of $24.45.

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

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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.

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