Cincinnati Bell Inc (NYSE:CBB) : 6 analysts are covering Cincinnati Bell Inc (NYSE:CBB) and their average rating on the stock is 2.67, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Cincinnati Bell Inc (NYSE:CBB) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Cincinnati Bell Inc (NYSE:CBB) : The consensus price target for Cincinnati Bell Inc (NYSE:CBB) is $3.63 for the short term with a standard deviation of $0.53. The most optimist securities analyst among the 2 who monitor the stock believes that the stock can reach $4, however, the pessimist price target for the company is $3.
Company shares have received an average consensus rating of Hold for the current week
Cincinnati Bell Inc (NYSE:CBB): stock turned positive on Tuesday. Though the stock opened at $4.22, the bulls momentum made the stock top out at $4.32 level for the day. The stock recorded a low of $4.21 and closed the trading day at $4.25, in the green by 2.41%. The total traded volume for the day was 1,057,874. The stock had closed at $4.15 in the previous days trading.
In an insider trading activity, Fox Leigh R., CFO of Cincinnati Bell Inc had purchased 3,212 shares on February 22, 2016 in a transaction. The price per share was $3.07 and the total amount of the disclosed transaction was $9,861.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
Cincinnati Bell Inc., along with its consolidated subsidiaries, is a provider of integrated communications solutions in the Greater Cincinnati area. The Company has operations within three segments: Wireline, IT Services and Hardware, and Wireless. The Wireline segment provides products and services, such as data transport, high-speed internet, entertainment, local voice, long distance, VoIP, and other services. The IT Services and Hardware segment provides managed IT solutions, including managed infrastructure services, IT and telephony equipment sales, and professional IT staffing services. Cincinnati Bell Wireless LLC provides digital wireless voice and data communications services through the operation of a Global System for Mobile Communications/General Packet Radio Service network with a 3G Universal Mobile Telecommunications System and 4G High Speed Packet Access+ network overlay, which is able to provide high-speed data services, such as streaming video.