Shares of Cincinnati Bell Inc. (NYSE:CBB) reached a new 52-week low during trading on Tuesday . The stock traded as low as $15.70 and last traded at $15.72, with a volume of 211277 shares traded. The stock had previously closed at $16.00.

CBB has been the subject of several research reports. Morgan Stanley initiated coverage on shares of Cincinnati Bell in a research note on Thursday, November 30th. They set an “equal weight” rating and a $24.00 price objective for the company. ValuEngine cut shares of Cincinnati Bell from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd.

The firm has a market cap of $666.53, a P/E ratio of 158.00, a PEG ratio of 43.17 and a beta of 1.45. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of -4.26.

Several hedge funds and other institutional investors have recently made changes to their positions in CBB. Fondren Management LP purchased a new stake in shares of Cincinnati Bell during the 2nd quarter valued at $2,346,000. Parametric Portfolio Associates LLC boosted its position in Cincinnati Bell by 55.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 211,538 shares of the utilities provider’s stock worth $4,136,000 after purchasing an additional 75,169 shares during the period. Dimensional Fund Advisors LP boosted its position in Cincinnati Bell by 4.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,597,132 shares of the utilities provider’s stock worth $31,224,000 after purchasing an additional 62,600 shares during the period. First Quadrant L P CA purchased a new stake in Cincinnati Bell during the 3rd quarter worth $901,000. Finally, State Street Corp boosted its position in Cincinnati Bell by 4.0% during the 2nd quarter. State Street Corp now owns 1,117,322 shares of the utilities provider’s stock worth $21,837,000 after purchasing an additional 43,375 shares during the period. 83.51% of the stock is owned by institutional investors.

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About Cincinnati Bell

Cincinnati Bell Inc, along with its subsidiaries, provides diversified telecommunications and technology services. The Company operates through two segments: 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 consumers and businesses over fiber network and a legacy copper network.

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