Today, a Director at Cincinnati Bell (NYSE: CBB), Phillip Cox, sold shares of CBB for $183.9K.
This is Cox’s first transaction since reporting a Sell transaction on DBD back in May 2017
See today’s analyst top recommended stocks >>
Based on Cincinnati Bell’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $297 million and GAAP net loss of $13.8 million. In comparison, last year the company earned revenue of $294 million and had a net profit of $2.1 million. Currently, Cincinnati Bell has an average volume of 189.5K.
Based on 3 analyst ratings, the analyst consensus is Hold with an average price target of $15.00, reflecting a -17.0% downside. Three different firms, including Merrill Lynch and Morgan Stanley, currently also have a Sell rating on the stock.
The insider sentiment on Cincinnati Bell has been positive according to 31 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Phillip Cox’s trades have generated a 2.3% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Cincinnati Bell, Inc. is engaged in providing entertainment, data and voice communications services over wire line and wireless networks. It operates through Entertainment and Communications and Information Technology Services and Hardware segments.
