Gabelli & Company Reiterates Buy Rating On

Gabelli & Company is reiterating its Buy recommendation on shares of Cincinnati Bell Inc. (NYSE: CBB) “due to attractive valuation and solid growth prospects in the data center colocation business.” CBB is trading at 5.6x 2012P EBITDA.

“Our 2011 PMV estimate is $5.40 per share, growing to $6.80 per share in 2012 (based on the following EBITDA multiples: 5.5x wireline, 7.0x wireless, ~9x technology solutions),” Gabelli & Company writes.

Cincinnati Bell closed Wednesday at $2.46.