Cincinnati Bell Inc. (NYSE:CBB) fell 2.4% on Monday . The company traded as low as $4.88 and last traded at $4.90, with a volume of 441,575 shares changing hands. The stock had previously closed at $5.02.

A number of brokerages have weighed in on CBB. Gabelli lowered Cincinnati Bell from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Zacks Investment Research raised Cincinnati Bell from a “hold” rating to a “buy” rating and set a $4.50 price objective on the stock in a report on Monday, April 25th. Finally, Bank of America Corp. reaffirmed a “sell” rating and issued a $3.25 price objective on shares of Cincinnati Bell in a report on Wednesday, May 4th.

The company has a market capitalization of $1.01 billion and a P/E ratio of 3.38. The stock’s 50 day moving average price is $4.37 and its 200-day moving average price is $3.75.

Cincinnati Bell (NYSE:CBB) last issued its earnings results on Thursday, May 5th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the business posted ($0.01) EPS. The business’s quarterly revenue was down 1.1% on a year-over-year basis. Analysts anticipate that Cincinnati Bell Inc. will post $0.08 earnings per share for the current year.

A hedge fund recently raised its stake in Cincinnati Bell stock. Rhumbline Advisers increased its position in shares of Cincinnati Bell Inc. (NYSE:CBB) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 336,816 shares of the company’s stock after buying an additional 5,935 shares during the period. Rhumbline Advisers owned approximately 0.16% of Cincinnati Bell worth $1,213,000 as of its most recent filing with the SEC.

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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