Media stories about Cincinnati Bell (NYSE:CBB) have been trending somewhat negative recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cincinnati Bell earned a news impact score of -0.01 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 45.2431275241621 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Cincinnati Bell claims board backing from ISS, Glass Lewis (seekingalpha.com)
- Leading Proxy Advisory Firms ISS and Glass Lewis Recommend That Cincinnati Bell Shareholders Vote the WHITE Proxy Card FOR ALL the Company’s Director Nominees (finance.yahoo.com)
- Cincinnati Bell (CBB) Stock Rating Upgraded by BidaskClub (americanbankingnews.com)
- Cincinnati Bell Inc (NYSE:CBB): Should The Recent Earnings Drop Worry You? (finance.yahoo.com)
- Investors Purchase Large Volume of Cincinnati Bell Put Options (CBB) (americanbankingnews.com)
CBB stock traded up $0.25 during trading on Tuesday, hitting $15.15. 123,396 shares of the stock traded hands, compared to its average volume of 373,371. Cincinnati Bell has a one year low of $13.00 and a one year high of $22.20. The company has a market capitalization of $599.88, a P/E ratio of -188.13 and a beta of 1.55. The company has a quick ratio of 1.86, a current ratio of 1.99 and a debt-to-equity ratio of -6.35.
Cincinnati Bell (NYSE:CBB) last announced its quarterly earnings results on Thursday, February 15th. The utilities provider reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.24). Cincinnati Bell had a net margin of 2.52% and a negative return on equity of 0.61%. The firm had revenue of $427.10 million for the quarter, compared to the consensus estimate of $462.31 million. During the same period in the prior year, the business earned $0.01 earnings per share. The company’s revenue for the quarter was up 49.7% on a year-over-year basis. research analysts expect that Cincinnati Bell will post -0.4 earnings per share for the current year.
Several equities analysts recently issued reports on CBB shares. Morgan Stanley cut their price target on shares of Cincinnati Bell from $24.00 to $16.00 and set an “equal weight” rating for the company in a report on Monday, March 19th. TheStreet downgraded shares of Cincinnati Bell from a “c-” rating to a “d+” rating in a report on Wednesday, March 28th. Finally, ValuEngine downgraded shares of Cincinnati Bell from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating and three have given a hold rating to the company. Cincinnati Bell presently has an average rating of “Hold” and a consensus target price of $16.00.
In related news, CFO Andrew R. Kaiser acquired 3,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was purchased at an average price of $15.90 per share, for a total transaction of $47,700.00. Following the transaction, the chief financial officer now owns 24,280 shares of the company’s stock, valued at approximately $386,052. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, VP Christopher J. Wilson acquired 2,959 shares of the stock in a transaction on Friday, February 23rd. The stock was bought at an average price of $14.45 per share, with a total value of $42,757.55. Following the transaction, the vice president now directly owns 51,723 shares in the company, valued at approximately $747,397.35. The disclosure for this purchase can be found here. Insiders have purchased a total of 7,334 shares of company stock valued at $110,450 over the last three months. 1.40% of the stock is currently owned by insiders.
Cincinnati Bell Company Profile
Cincinnati Bell Inc, together with its subsidiaries, provides diversified telecommunications and technology services to residential and business customers in the United States. It operates in two segments, Entertainment and Communications, and IT Services and Hardware. The Entertainment and Communications segment offers data services, including high-speed Internet access, data transport, and interconnection services, as well as metro-Ethernet products; and voice local services, such as Fioptics voice lines, voice over Internet protocol, long distance, digital trunking, switched access, caller identification, voicemail, call waiting, and call return.
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