Cincinnati Bell (CBB) Price Target Raised to $13.00

Cincinnati Bell (NASDAQ:CBB) had its price objective lifted by Wells Fargo & Co to $13.00 in a research note issued to investors on Thursday morning, MarketBeat reports. They currently have an outperform rating on the stock.

Shares of Cincinnati Bell traded down $0.55, hitting $11.55, during trading hours on Thursday, MarketBeat reports. 710,117 shares of the company’s stock traded hands, compared to its average volume of 479,016. Cincinnati Bell has a 1 year low of $9.90 and a 1 year high of $22.20.

Cincinnati Bell (NASDAQ:CBB) last announced its earnings results on Wednesday, August 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.06). The business had revenue of $296.80 million during the quarter, compared to analyst estimates of $297.96 million.

Cincinnati Bell Company Profile

Cincinnati Bell Inc, together with its subsidiaries, provides diversified telecommunications and technology services to residential and business customers in the United States. It operates in two segments, Entertainment and Communications, and IT Services and Hardware. The Entertainment and Communications segment offers data services, including high-speed Internet access, data transport, and interconnection services, as well as metro-Ethernet products; and voice local services, such as Fioptics voice lines, voice over Internet protocol, long distance, digital trunking, switched access, caller identification, voicemail, call waiting, and call return.

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