Raymond James Raises Cincinnati Bell to Outperform (CBB)
Cincinnati Bell (NYSE: CBB) was upgraded by equities research analysts at Raymond James (NYSE: RJF) from a “market perform” rating to an “outperform” rating in a research note issued to investors on Friday.
Several other analysts have also recently commented on the stock. Analysts at Benchmark Co. reiterated a “buy” rating on shares of Cincinnati Bell in a research note to investors on Friday. They now have a $6.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Cincinnati Bell in a research note to investors on Thursday, March 29th. They now have a $4.25 price target on the stock. Finally, analysts at Brigantine initiated coverage on shares of Cincinnati Bell in a research note to investors on Wednesday, February 22nd. They set a “buy” rating on the stock.
Cincinnati Bell traded up 2.07% on Friday, hitting $3.95. Cincinnati Bell has a 1-year low of $2.72 and a 1-year high of $4.20. The company has a market cap of $773.1 million and a price-to-earnings ratio of 297.69.
Cincinnati Bell last released its earnings data on Thursday, May 3rd. The company reported $0.05 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.06 by $0.01. Cincinnati Bell’s revenue was up .6% compared to the same quarter last year. Analysts expect that Cincinnati Bell will post $0.05 EPS next quarter.
Cincinnati Bell Inc. is a provider of data and voice communications services over wireline and wireless networks and a provider of data center operations, related managed services and equipment.