Price Change to Note: What’s Next for Cincinnati Bell Inc. After Today’s Big Increase?

Price Change to Note: What's Next for Cincinnati Bell Inc. After Today's Big Increase?

The stock of Cincinnati Bell Inc. (NYSE:CBB) is a huge mover today! The stock increased 4.98% or $1 during the last trading session, hitting $21.1. About 277,102 shares traded hands or 29.20% up from the average. Cincinnati Bell Inc. (NYSE:CBB) has risen 3.08% since April 20, 2016 and is uptrending. It has underperformed by 1.48% the S&P500.
The move comes after 6 months positive chart setup for the $891.16M company. It was reported on Nov, 22 by Barchart.com. We have $21.73 PT which if reached, will make NYSE:CBB worth $26.73M more.

According to Zacks Investment Research, “Cincinnati Bell provides a wide range of telecommunications products and services to residential and business customers in Ohio, Kentucky and Indiana.”

Insitutional Activity: The institutional sentiment decreased to 0.88 in 2016 Q2. Its down 0.14, from 1.02 in 2016Q1. The ratio is negative, as 14 funds sold all Cincinnati Bell Inc. shares owned while 46 reduced positions. 8 funds bought stakes while 53 increased positions. They now own 165.49 million shares or 0.06% more from 165.39 million shares in 2016Q1.
The Massachusetts-based State Street has invested 0% in Cincinnati Bell Inc. (NYSE:CBB). Pdt Prtnrs Limited Liability Co last reported 89,707 shares in the company. Rhumbline Advisers last reported 307,179 shares in the company. Ameriprise Fin has 0% invested in the company for 1.04M shares. Pnc Financial Services accumulated 1,883 shares or 0% of the stock. Blackrock Institutional Trust Na reported 5.43 million shares or 0% of all its holdings. Northern reported 2.48 million shares or 0% of all its holdings. Gabelli Funds Limited Liability Company, a New York-based fund reported 10.86M shares. Susquehanna Group Llp accumulated 0% or 42,974 shares. First Manhattan has invested 0% of its portfolio in Cincinnati Bell Inc. (NYSE:CBB). Millennium Management Ltd Liability last reported 146,633 shares in the company. Renaissance Technologies Lc has invested 0.01% of its portfolio in Cincinnati Bell Inc. (NYSE:CBB). The Maryland-based Campbell Invest Adviser Ltd Liability has invested 0.46% in Cincinnati Bell Inc. (NYSE:CBB). First Tru Advsr Lp holds 0.01% or 367,637 shares in its portfolio. Comerica Financial Bank, a Michigan-based fund reported 209,816 shares.

Insider Transactions: Since August 8, 2016, the stock had 0 insider buys, and 1 insider sale for $111,000 net activity. The insider WILSON CHRISTOPHER J sold 30,000 shares worth $111,000.

More important recent Cincinnati Bell Inc. (NYSE:CBB) news were published by: Globenewswire.com which released: “Cincinnati Bell to Present at UBS 44th Annual Global Media and Communications …” on November 21, 2016, also Globenewswire.com published article titled: “Cincinnati Bell Inc. Announces Third Quarter 2016 Earnings Release Date”, Globenewswire.com published: “Cincinnati Bell Inc. named Independent Operator of the Year” on July 27, 2016. More interesting news about Cincinnati Bell Inc. (NYSE:CBB) was released by: Globenewswire.com and their article: “Cincinnati Bell Inc. Announces Tender Offer” with publication date: September 13, 2016.

CBB Company Profile

Cincinnati Bell Inc., incorporated on February 4, 1983, along with its subsidiaries provides diversified telecommunications and technology services. The Firm serves clients in the Greater Cincinnati and Dayton, Ohio areas. The Firm operates through two divisions: Entertainment and Communications, and IT Services and Hardware. Through its Entertainment and Communications segment, the Company provides high-speed data, video and voice solutions to clients and businesses over fiber network and a legacy copper network. The IT Services and Hardware divisions operates through its subsidiary, Cincinnati Bell Technology Solutions Inc. (CBTS), which is engaged in the sale and service of end-to-end communications and information technology (IT) systems and solutions for business clients across the United States. The Firm has interest in CyrusOne Inc., which operates carrier-neutral data center properties.

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