News coverage about Cincinnati Bell (NYSE:CBB) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cincinnati Bell earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned press coverage about the utilities provider an impact score of 45.1707456807167 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
Shares of Cincinnati Bell (NYSE:CBB) traded down 0.77% during trading on Friday, hitting $19.45. 7,376 shares of the stock were exchanged. Cincinnati Bell has a 1-year low of $16.05 and a 1-year high of $24.45. The company has a market cap of $820.30 million, a P/E ratio of 11.86 and a beta of 1.51. The firm’s 50-day moving average is $20.00 and its 200 day moving average is $19.05.
Cincinnati Bell (NYSE:CBB) last posted its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.07 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.07. Cincinnati Bell had a net margin of 6.84% and a negative return on equity of 3.87%. The business had revenue of $294.00 million during the quarter, compared to analysts’ expectations of $284.28 million. During the same quarter in the prior year, the business posted $0.04 earnings per share. Cincinnati Bell’s revenue was down 1.7% compared to the same quarter last year. Equities analysts forecast that Cincinnati Bell will post $1.31 earnings per share for the current fiscal year.
A number of analysts have weighed in on the stock. Gabelli downgraded shares of Cincinnati Bell from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. ValuEngine upgraded shares of Cincinnati Bell from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, BidaskClub upgraded shares of Cincinnati Bell from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $23.50.
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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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