NYSE:CBBCincinnati Bell Stock Price, Forecast & News

Cincinnati Bell's stock was trading at $14.80 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CBB shares have decreased by 1.1% and is now trading at $14.64. View which stocks have been most impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cincinnati Bell in the last year. There are currently 1 sell rating and 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Cincinnati Bell.

Cincinnati Bell is scheduled to release its next quarterly earnings announcement on Wednesday, May 13th 2020. View our earnings forecast for Cincinnati Bell.

Cincinnati Bell Inc. (NYSE:CBB) issued its earnings results on Thursday, February, 13th. The utilities provider reported ($0.46) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.11) by $0.35. The utilities provider earned $390.40 million during the quarter, compared to analysts' expectations of $388.57 million. The firm's revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.55) earnings per share. View Cincinnati Bell's earnings history.

Shares of Cincinnati Bell reverse split on the morning of Wednesday, October 5th 2016. The 1-5 reverse split was announced on Tuesday, August 2nd 2016. The number of shares owned by shareholders was adjusted after the closing bell on Tuesday, October 4th 2016. An investor that had 100 shares of Cincinnati Bell stock prior to the reverse split would have 20 shares after the split.

5 brokerages have issued 12-month target prices for Cincinnati Bell's stock. Their forecasts range from $8.00 to $13.00. On average, they anticipate Cincinnati Bell's stock price to reach $10.50 in the next year. This suggests that the stock has a possible downside of 28.3%. View analysts' price targets for Cincinnati Bell.

Headlines about CBB stock have trended very negative recently, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cincinnati Bell earned a daily sentiment score of -3.3 on InfoTrie's scale. They also assigned media stories about the utilities provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news aboutCincinnati Bell.

Cincinnati Bell saw a drop in short interest in March. As of March 13th, there was short interest totaling 4,585,200 shares, a drop of 24.0% from the February 27th total of 6,030,000 shares. Based on an average daily volume of 975,900 shares, the short-interest ratio is presently 4.7 days. Currently, 9.6% of the shares of the company are sold short. View Cincinnati Bell's Current Options Chain.

Some companies that are related to Cincinnati Bell include Verizon Communications (VZ), AT&T (T), Centurylink (CTL), ATN International (ATNI), Consolidated Communications (CNSL), IDT (IDT) and Frontier Communications (FTR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Cincinnati Bell investors own include Energy Transfer LP Unit (ET), Freeport-McMoRan (FCX), FireEye (FEYE), TerraForm Power (TERP), Bank of America (BAC), Ford Motor (F), Macquarie Infrastructure (MIC), Rite Aid (RAD), Verizon Communications (VZ) and BGC Partners (BGCP).

Cincinnati Bell trades on the New York Stock Exchange (NYSE) under the ticker symbol "CBB."

Cincinnati Bell's stock is owned by a number of institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.09%). Company insiders that own Cincinnati Bell stock include Andrew R Kaiser, Christopher J Wilson, Jeremy R Sussman, Leigh R Fox, Martin Yudkovitz, Phillip R Cox and Theodore H Torbeck. View institutional ownership trends for Cincinnati Bell.

CBB stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. Company insiders that have bought Cincinnati Bell stock in the last two years include Andrew R Kaiser, Christopher J Wilson, Jeremy R Sussman, Leigh R Fox, and Martin Yudkovitz. View insider buying and selling activity for Cincinnati Bell.

Shares of CBB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CBB stock can currently be purchased for approximately $14.64.

Cincinnati Bell has a market capitalization of $740.20 million and generates $1.54 billion in revenue each year. The utilities provider earns $-66,600,000.00 in net income (profit) each year or ($1.13) on an earnings per share basis. Cincinnati Bell employs 4,400 workers across the globe. View additional information about Cincinnati Bell.

The official website for Cincinnati Bell is http://www.cincinnatibell.com/.

Cincinnati Bell's mailing address is 221 EAST FOURTH STREET, CINCINNATI OH, 45201. The utilities provider can be reached via phone at 513-397-9900 or via email at [email protected]