In a report released today, Jennifer Fritzsche from Wells Fargo maintained a Buy rating on Cincinnati Bell (NYSE: CBB), with a price target of $15. The company’s shares closed yesterday at $13.10.
According to TipRanks.com, Fritzsche is a 4-star analyst with an average return of 14.1% and a 74.2% success rate. Fritzsche covers the Technology sector, focusing on stocks such as Frontier Communications Corporation, T Mobile US, and AT&T Inc.
Currently, the analyst consensus on Cincinnati Bell is a Moderate Buy with an average price target of $16.50.
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Based on Cincinnati Bell’s latest earnings release for the quarter ending June 30, the company reported a quarterly 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.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock.
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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.
