Benchmark Starts Cincinnati Bell (CBB) at Buy; Leveraged Transition Toward Colocation
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Price: $15.48 --0%
Rating Summary:
1 Buy, 8 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 32 | New: 21
Rating Summary:
1 Buy, 8 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 32 | New: 21
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Benchmark initiates coverage on Cincinnati Bell (NYSE: CBB) with a Buy. PT $5.00.
Benchmark analyst says, "CBB is investing cash flow from its steady telecom businesses into faster growing and more strategic data centers. Data center EBITDA represents 19% of total EBITDA, and growing. Yet the company trades below RLEC peers at 5.9x EBITDA, discounting the data center cash flow. A successful transition towards data center colocation should offset cash flow declines and enhance value."
For more ratings news on Cincinnati Bell click here and for the rating history of Cincinnati Bell click here.
Shares of Cincinnati Bell closed at $3.05 yesterday.
Benchmark analyst says, "CBB is investing cash flow from its steady telecom businesses into faster growing and more strategic data centers. Data center EBITDA represents 19% of total EBITDA, and growing. Yet the company trades below RLEC peers at 5.9x EBITDA, discounting the data center cash flow. A successful transition towards data center colocation should offset cash flow declines and enhance value."
For more ratings news on Cincinnati Bell click here and for the rating history of Cincinnati Bell click here.
Shares of Cincinnati Bell closed at $3.05 yesterday.
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