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

August 14, 2012 1:30 PM EDT
Get Alerts CBB Hot Sheet
Price: $23.05 --0%

Rating Summary:
    3 Buy, 5 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
Trade CBB Now!
Join SI Premium – FREE
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.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst PT Change, IPOs

Related Entities

UBS, Dividend

Add Your Comment