Cincinnati Bell (CBB) is Downgraded by Raymond James to Mkt Perform

Cincinnati Bell (CBB) was Downgraded by Raymond James to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Raymond James advised their investors in a research report released on Aug 8, 2016.

On the company’s financial health, Cincinnati Bell reported $0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.35 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.01. The company had revenue of $299.20 million for the quarter, compared to analysts expectations of $295.29 million. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 EPS.

Cincinnati Bell opened for trading at $4.74 and hit $4.89 on the upside on Friday, eventually ending the session at $4.8, with a gain of 1.27% or 0.06 points. The heightened volatility saw the trading volume jump to 6,10,095 shares. Company has a market cap of $1,009 M.

In a different news, on May 26, 2016, Leigh R. Fox (CFO) purchased 3,212 shares at $3.07 per share price. According to the SEC, on May 26, 2016, Theodore H. Torbeck (CEO) purchased 33,033 shares at $3.05 per share price. On Nov 12, 2015, Phillip R Cox (director) sold 60,525 shares at $3.72 per share price, according to the Form-4 filing with the securities and exchange commission.

Cincinnati Bell Inc. along with its consolidated subsidiaries is a provider of integrated communications solutions in the Greater Cincinnati area. The Company has operations within three segments: Wireline IT Services and Hardware and Wireless. The Wireline segment provides products and services such as data transport high-speed internet entertainment local voice long distance VoIP and other services. The IT Services and Hardware segment provides managed IT solutions including managed infrastructure services IT and telephony equipment sales and professional IT staffing services. Cincinnati Bell Wireless LLC provides digital wireless voice and data communications services through the operation of a Global System for Mobile Communications/General Packet Radio Service network with a 3G Universal Mobile Telecommunications System and 4G High Speed Packet Access+ network overlay which is able to provide high-speed data services such as streaming video.

Cincinnati Bell

Leave a Reply

Cincinnati Bell - Is it time to Sell?

Top Brokerage Firms are advising their investors on Cincinnati Bell. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.