Raymond James cut shares of Cincinnati Bell (NYSE: CBB) from a strong-buy rating to an outperform rating in a research note issued to investors on Friday. The firm currently has $4.25 target price on the stock, down from their previous target price of $6.00.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank initiated coverage on shares of Cincinnati Bell in a research note to investors on Tuesday, February 12th. They set a hold rating and a $5.50 price target on the stock. Separately, analysts at Bank of America initiated coverage on shares of Cincinnati Bell in a research note to investors on Tuesday, February 12th. They set an underperform rating and a $4.25 price target on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of Cincinnati Bell in a research note to investors on Tuesday, February 12th. They set an equal weight rating on the stock.
Three investment analysts have rated the stock with a buy rating, one has issued an overweight rating, six have given a hold rating, and one has given an underweight rating to the stock. The company has a consensus rating of overweight and an average target price of $4.04.
Shares of Cincinnati Bell traded down 1.02% during mid-day trading on Friday, hitting $2.91. Cincinnati Bell has a 52 week low of $2.92 and a 52 week high of $5.89. The stock’s 50-day moving average is currently $4.54. The company has a market cap of $589.3 million and a P/E ratio of 735.00.
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