Cincinnati Bell Inc. (NYSE:CBB) reached a new 52-week high on Friday . The company traded as high as $4.72 and last traded at $4.69, with a volume of 247,711 shares trading hands. The stock had previously closed at $4.56.

A number of equities research analysts have recently weighed in on CBB shares. Zacks Investment Research raised Cincinnati Bell from a “hold” rating to a “buy” rating and set a $4.50 price target on the stock in a report on Monday, April 25th. Bank of America Corp. reaffirmed a “sell” rating and set a $3.25 price target on shares of Cincinnati Bell in a report on Wednesday, May 4th.

The stock has a market cap of $988.79 million and a PE ratio of 3.3033. The company has a 50 day moving average of $4.12 and a 200 day moving average of $3.67.

Cincinnati Bell (NYSE:CBB) last announced its quarterly earnings data on Thursday, May 5th. The company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.01. The firm had revenue of $289 million for the quarter, compared to analyst estimates of $295.04 million. During the same period in the prior year, the company earned ($0.01) earnings per share. The business’s revenue was down 1.1% compared to the same quarter last year. Equities analysts expect that Cincinnati Bell Inc. will post $0.18 EPS for the current year.

Several hedge funds and institutional investors recently made changes to their positions in the stock. Rhumbline Advisers raised its position in shares of Cincinnati Bell by 1.8% in the fourth quarter. Rhumbline Advisers now owns 336,816 shares of the company’s stock worth $1,213,000 after buying an additional 5,935 shares in the last quarter. Teton Advisors Inc. raised its position in shares of Cincinnati Bell by 2.2% in the fourth quarter. Teton Advisors Inc. now owns 1,328,115 shares of the company’s stock worth $4,781,000 after buying an additional 28,067 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Cincinnati Bell by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,034,533 shares of the company’s stock worth $25,324,000 after buying an additional 153,328 shares in the last quarter. Finally, Numeric Investors LLC raised its position in shares of Cincinnati Bell by 59.9% in the fourth quarter. Numeric Investors LLC now owns 722,500 shares of the company’s stock worth $2,601,000 after buying an additional 270,600 shares in the last quarter.

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.

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