UBS Maintains a 'Buy' on Cincinnati Bell (CBB); Unleash The CyrusOne

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UBS maintains a 'Buy' on Cincinnati Bell (NYSE: CBB) price target of $6.00 (from $4.25).

Analyst, Batya Levi, sees the company's recent move to spin-off its data center business, CyrusOne, by means of IPO (and assigning it as a REIT) will have positive implications. Levi expects Cincinnati Bell to use the approx. $300 million proceeds to pay down debt and possibly implement a dividend or buyback. Overall, the sum-of-the-parts suggests upside to the current stock price.

For an analyst ratings summary and ratings history on Cincinnati Bell click here. For more ratings news on Cincinnati Bell click here.

Shares of Cincinnati Bell closed at $4.45 yesterday, with a 52 week range of $2.74-$4.50.

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