Brokerage Firm Rating Update on Cincinnati Bell Inc (CBB)

Cincinnati Bell Inc (CBB) : The consensus on Cincinnati Bell Inc (CBB) based on 6 analyst recommendation on the company stock is 3.17, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Cincinnati Bell Inc (CBB).

Cincinnati Bell Inc (CBB) : Average target price received by Cincinnati Bell Inc (CBB) is $4.13 with an expected standard deviation of $1.24. The most aggressive target on the stock is $5, whereas the most downbeat target is $3. 2 financial analysts are currently covering the stock.


Company shares have received an average consensus rating of Hold for the current week Also, Raymond James downgrades its view on Cincinnati Bell Inc (NYSE:CBB) according to the research report released by the firm to its investors. The shares have now been rated Market Perform by the stock experts at the ratings house. Earlier, the shares had a rating of Outperform. The rating by the firm was issued on August 8, 2016.

Cincinnati Bell Inc (NYSE:CBB): stock was range-bound between the intraday low of $4.12 and the intraday high of $4.25 after having opened at $4.22 on Wednesdays session. The stock finally closed in the red at $4.22, a loss of -1.19%. The stock remained in the red for the whole trading day. The total traded volume was 626,575 shares. The stock failed to cross $4.25 in Wednesdays trading. The stocks closing price on Thursday was $4.21.

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.

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