Investment analysts at Morgan Stanley initiated coverage on shares of Cincinnati Bell (NYSE:CBB) in a research report issued to clients and investors on Thursday. The brokerage set an “equal weight” rating on the utilities provider’s stock.

A number of other analysts have also commented on CBB. BidaskClub lowered Cincinnati Bell from a “buy” rating to a “hold” rating in a report on Saturday, August 19th. Gabelli lowered Cincinnati Bell from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, ValuEngine raised Cincinnati Bell from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company. Cincinnati Bell presently has an average rating of “Hold” and an average price target of $22.00.

Shares of Cincinnati Bell (NYSE CBB) opened at $21.90 on Thursday. The company has a market capitalization of $904.88, a price-to-earnings ratio of 214.50, a price-to-earnings-growth ratio of 6.35 and a beta of 1.47. Cincinnati Bell has a fifty-two week low of $16.05 and a fifty-two week high of $24.45. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of -4.26.

Cincinnati Bell (NYSE:CBB) last posted its earnings results on Thursday, November 2nd. The utilities provider reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.05. The business had revenue of $289.20 million during the quarter, compared to analyst estimates of $286.22 million. Cincinnati Bell had a negative return on equity of 2.69% and a net margin of 4.13%. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 EPS. sell-side analysts expect that Cincinnati Bell will post 1.13 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the company. Pinebridge Investments L.P. boosted its stake in shares of Cincinnati Bell by 1.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 5,551 shares of the utilities provider’s stock worth $108,000 after buying an additional 55 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Cincinnati Bell by 10.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,511 shares of the utilities provider’s stock worth $127,000 after buying an additional 606 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Cincinnati Bell in the 3rd quarter worth $136,000. State of Alaska Department of Revenue boosted its stake in shares of Cincinnati Bell by 78.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 8,316 shares of the utilities provider’s stock worth $162,000 after buying an additional 3,666 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of Cincinnati Bell by 4.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,950 shares of the utilities provider’s stock worth $195,000 after buying an additional 390 shares during the last quarter. Hedge funds and other institutional investors own 84.22% of the company’s stock.

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About Cincinnati Bell

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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