Cincinnati Bell (NYSE: CBB) had its target price trimmed by Piper Jaffray from $4.50 to $3.50 in a research note issued to investors on Friday. The firm currently has a neutral rating on the stock.

“We have updated our Cincinnati Bell model to reflect the IPO of CyrusOne and the company’s 4Q12 results. Based on these changes, we’re reducing our price target to $3.50. We continue to rate Cincinnati Bell Neutral. After incorporating 4Q12 results and adjusting for the IPO of CyrusOne, we’re reducing our FY2013 revenue estimate to $1.207B from $1.486B. We’re also reducing our 2013 EBITDA estimate to $393M from $553M. Finally, our FY2013 EPS estimate (before special items) goes to $0.03 from $0.18.,” the firm’s analyst commented.

Several other analysts have also recently commented on the stock. Analysts at Raymond James downgraded shares of Cincinnati Bell from a strong-buy rating to an outperform rating in a research note to investors on Friday, March 1st. They now have a $4.25 price target on the stock, down previously from $6.00. Separately, analysts at Deutsche Bank initiated coverage on shares of Cincinnati Bell in a research note to investors on Tuesday, February 12th. They set a hold rating and a $5.50 price target on the stock. Finally, analysts at Bank of America initiated coverage on shares of Cincinnati Bell in a research note to investors on Tuesday, February 12th. They set an underperform rating and a $4.25 price target on the stock.

Three analysts have rated the stock with a buy rating, one has issued an overweight rating, six have issued a hold rating, and one has issued an underweight rating to the company’s stock. The company currently has a consensus rating of overweight and an average price target of $3.88.

Shares of Cincinnati Bell traded down 1.77% during mid-day trading on Friday, hitting $3.33. Cincinnati Bell has a one year low of $2.84 and a one year high of $5.89. The stock’s 50-day moving average is currently $4.23. The company has a market cap of $674.9 million and a P/E ratio of 847.50.

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.

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