Cincinnati Bell Inc. (NYSE:CBB) has been upgraded to Buy in a report by Gabelli earlier today.
- Updated: October 5, 2016
Gabelli has upgraded Cincinnati Bell Inc. (NYSE:CBB) to Buy in a statement released on 10/6/2016.
Boasting a price of $19.71, Cincinnati Bell Inc. (NYSE:CBB) traded -0.76% lower on the day. With the last stock price close down -6.10% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. CBB has recorded a 50-day average of $20.64 and a two hundred day average of $20.83. Trade Volume was down over the average, with 33,189 shares of CBB changing hands under the typical 167,563
Recent Performance Chart
Cincinnati Bell Inc. has price-earnings ratio of 4.42 with a one year low of $14.00 and a one year high of $25.65 and has a total market value of $0.
More About Cincinnati Bell Inc. (NYSE:CBB)
Cincinnati Bell Inc., along with its subsidiaries, provides diversified telecommunications and technology services. The Company operates through two segments. The Entertainment and Communications segment provides products and services, such as high-speed Internet, data transport local voice, long distance, voice over Internet protocol (VoIP), video and other services. Cincinnati Bell Telephone Company LLC, a subsidiary of the Company, is the incumbent local exchange carrier (ILEC) for a geography that covers a radius of approximately 25 miles around Cincinnati, Ohio, and includes parts of northern Kentucky and southeastern Indiana. The IT Services and Hardware segment provides a range of managed IT solutions, including managed telephony, network and infrastructure services, equipment sales and professional IT staffing services. The Company has interest in CyrusOne Inc., which operates carrier-neutral data center properties.
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