Cincinnati Bell Inc (CBB) Receives Price Target

Cincinnati Bell Inc (CBB) : The highest short term price target forecast on Cincinnati Bell Inc (CBB) is $5 and the lowest target price is $3. A total of 2 equity analysts are currently covering the company. The average price of all the analysts is $4.13 with a standard deviation of $1.24.

Cincinnati Bell Inc (CBB) : 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Cincinnati Bell Inc (CBB). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 6 Wall Street Analysts endorse the stock as a Hold with a rating of 3.17.


Also, Raymond James downgrades its rating on Cincinnati Bell Inc (NYSE:CBB). Analysts at the Raymond James have a current rating of Market Perform on the shares. The shares were previously rated Outperform. The rating by the firm was issued on August 8, 2016.

Cincinnati Bell Inc (NYSE:CBB): The stock opened at $4.21 on Thursday but the bulls could not build on the opening and the stock topped out at $4.24 for the day. The stock traded down to $4.14 during the day, due to lack of any buying support eventually closed down at $4.14 with a loss of -0.96% for the day. The stock had closed at $4.18 on the previous day. The total traded volume was 1,381,092 shares.

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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