Cincinnati Bell Stock Hits New 52-Week High (CBB)
NEW YORK (
) --
(NYSE:
) hit a new 52-week high Thursday as it is currently trading at $3.68, above its previous 52-week high of $3.64 with 1.1 million shares traded as of 11:10 a.m. ET. Average volume has been 1.2 million shares over the past 30 days.
Cincinnati Bell has a market cap of $687.2 million and is part of the
sector and
industry. Shares are up 16.5% year to date as of the close of trading on Wednesday.
Cincinnati Bell Inc., together with its subsidiaries, provides telecommunications and technology services. The company has a P/E ratio of 31.4, below the average telecommunications industry P/E ratio of 35.1 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Cincinnati Bell as a
. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. You can view the full
Cincinnati Bell Ratings Report
.
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