Cincinnati Bell Inc (CBB) : During the past 4 weeks, traders have been relatively bearish on Cincinnati Bell Inc (CBB), hence the stock is down -14.1% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -6.14% relative to the S&P 500. The 4-week change in the price of the stock is -13.77% and the stock has fallen -6.17% in the past 1 week.
Cincinnati Bell Inc. is up 16.39% in the last 3-month period. Year-to-Date the stock performance stands at 18.33%. The stock has recorded a 20-day Moving Average of 9.98% and the 50-Day Moving Average is 7.13%.
Cincinnati Bell Inc (NYSE:CBB): The stock opened at $4.33 on Friday but the bulls could not build on the opening and the stock topped out at $4.34 for the day. The stock traded down to $4.23 during the day, due to lack of any buying support eventually closed down at $4.26 with a loss of -2.29% for the day. The stock had closed at $4.36 on the previous day. The total traded volume was 807,927 shares.
Also, Equity Analysts at the Raymond James downgrades the rating on Cincinnati Bell Inc (NYSE:CBB). The brokerage firm has issued a Market Perform rating on the shares. The shares were previously rated Outperform. The rating by the firm was issued on August 8, 2016.
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.