Cincinnati Bell Stock Hits New 52-Week High (CBB)

NEW YORK ( TheStreet) -- Cincinnati Bell (NYSE: CBB) hit a new 52-week high Thursday as it is currently trading at $3.99, above its previous 52-week high of $3.97 with 1.3 million shares traded as of 2:55 p.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 technology sector and telecommunications industry. Shares are up 29.7% 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 94.8, above the average telecommunications industry P/E ratio of 35.1 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cincinnati Bell as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and feeble growth in the company's earnings per share. You can view the full Cincinnati Bell Ratings Report.

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