Gabelli & Company Reiterates Buy Rating On

Gabelli & Company is reiterating its Buy recommendation on shares of Cincinnati Bell Inc. 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.