Zacks reissued their neutral rating on shares of Cincinnati Bell (NYSE:CBB) in a research note released on Tuesday morning, StockRatingsNetwork.com reports. They currently have a $3.75 target price on the stock.
Zacks’ analyst wrote, “We believe that Cincinnati Bell is poised to generate high revenues and earnings in the months ahead, owing to its strong industry position, attractively priced service bundles, proactive marketing steps and well-connected network of distribution channels. The company’s wireline segment stands as the prime growth driver with strength in the Fioptics business. On the wireless front, the launch of new smartphones and lucrative data plans are expected to drive profitability. However, erosion in local access lines, fierce competition and rising maintenance expenses pose major roadblocks in the company’s growth path. Hence, we expect the stock to perform at par with the broader market and adhere to our Neutral recommendation.”
Separately, analysts at Deutsche Bank reiterated a hold rating on shares of Cincinnati Bell in a research note to investors on Monday, May 13th. They now have a $3.75 price target on the stock, up previously from $3.50.
Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $4.13.
Shares of Cincinnati Bell (NYSE: CBB) opened at 3.44 on Tuesday. Cincinnati Bell has a one year low of $2.83 and a one year high of $5.89. The stock’s 50-day moving average is currently $3.19. The company’s market cap is $715.3 million.
Cincinnati Bell Inc is a full-service provider of data and voice communications services over wireline and wireless networks, a full-service provider of data center colocation and related managed services, and a reseller of information technology (NYSE: CBB) and telephony equipment.
To view Zacks’ full report, visit www.zacks.com