Cincinnati Bell (CBB) Receiving Somewhat Negative Press Coverage, Analysis Finds

Media headlines about Cincinnati Bell (NYSE:CBB) have trended somewhat negative recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Cincinnati Bell earned a news impact score of -0.02 on Accern’s scale. Accern also gave news headlines about the utilities provider an impact score of 45.2038450622481 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:

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NYSE:CBB traded up $0.35 during trading hours on Friday, hitting $14.25. 344,258 shares of the company traded hands, compared to its average volume of 464,461. The stock has a market cap of $589.28, a P/E ratio of -178.13 and a beta of 1.55. Cincinnati Bell has a twelve month low of $13.00 and a twelve month high of $22.20. The company has a debt-to-equity ratio of -6.35, a current ratio of 1.99 and a quick ratio of 1.86.

Cincinnati Bell (NYSE:CBB) last released its earnings results on Thursday, February 15th. The utilities provider reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.24). The company had revenue of $427.10 million for the quarter, compared to analyst estimates of $462.31 million. Cincinnati Bell had a net margin of 2.52% and a negative return on equity of 0.61%. Cincinnati Bell’s revenue for the quarter was up 49.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.01 earnings per share. equities research analysts anticipate that Cincinnati Bell will post -0.4 EPS for the current year.

A number of brokerages have recently weighed in on CBB. TheStreet cut shares of Cincinnati Bell from a “c-” rating to a “d+” rating in a research note on Wednesday, March 28th. Morgan Stanley reduced their price objective on shares of Cincinnati Bell from $24.00 to $16.00 and set an “equal weight” rating for the company in a research note on Monday, March 19th. Finally, ValuEngine cut shares of Cincinnati Bell from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $16.00.

In related news, VP Christopher J. Wilson bought 2,959 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was purchased at an average cost of $14.45 per share, for a total transaction of $42,757.55. Following the purchase, the vice president now directly owns 51,723 shares in the company, valued at $747,397.35. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CFO Andrew R. Kaiser bought 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average price of $15.90 per share, with a total value of $47,700.00. Following the completion of the purchase, the chief financial officer now owns 24,280 shares in the company, valued at $386,052. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 7,334 shares of company stock valued at $110,450. Corporate insiders own 1.40% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Cincinnati Bell (NYSE:CBB)

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