Is Cincinnati Bell Inc. (CBB) a Sell? The Stock Formed Bearish Multiple Bottom Pattern

July 18, 2017 - By Marguerite Chambers

Investors sentiment decreased to 0 in Q4 2016. Its down 0.88, from 0.88 in 2016Q3. It fall, as 127 investors sold Cincinnati Bell Inc. shares while 1 reduced holdings. 0 funds opened positions while 0 raised stakes. 4,477 shares or 100.00% less from 162.57 million shares in 2016Q3 were reported.
Ohio-based Fifth Third State Bank has invested 0% in Cincinnati Bell Inc. (NYSE:CBB). Alphamark Advisors Ltd Liability invested in 1,080 shares or 0.01% of the stock.

Since March 6, 2017, it had 3 insider buys, and 0 sales for $47,290 activity. Kaiser Andrew R. had bought 1,000 shares worth $19,100 on Thursday, March 16. Another trade for 500 shares valued at $9,420 was bought by Fox Leigh R..

The stock of Cincinnati Bell Inc. (CBB) shows a multiple bottoms pattern with $17.04 target or 4.00 % below today’s $17.75 share price. The 6 months chart pattern indicates high risk for the $765.12M company. It was reported on Jul, 18 by Finviz.com. If the $17.04 price target is reached, the company will be worth $30.60M less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock increased 2.60% or $0.45 on July 17, reaching $17.75. About shares traded. Cincinnati Bell Inc. (NYSE:CBB) has declined 3.61% since July 18, 2016 and is downtrending. It has underperformed by 20.31% the S&P500.

Cincinnati Bell Inc. (NYSE:CBB) Ratings Coverage

Among 2 analysts covering Cincinnati Bell (NYSE:CBB), 1 have Buy rating, 1 Sell and 0 Hold. Therefore 50% are positive. Cincinnati Bell had 4 analyst reports since August 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Gabelli given on Thursday, October 6. The rating was maintained by Gabelli on Friday, August 21 with “Buy”. The stock of Cincinnati Bell Inc. (NYSE:CBB) has “Underperform” rating given on Tuesday, December 6 by Raymond James.

More notable recent Cincinnati Bell Inc. (NYSE:CBB) news were published by: Globenewswire.com which released: “Cincinnati Bell Inc. Announces Second Quarter 2017 Earnings Release Date” on July 17, 2017, also Seekingalpha.com with their article: “Cincinnati Bell: Hidden Long-Term Value In Its Fioptics Network” published on June 20, 2017, Bizjournals.com published: “Cincinnati Bell CEO: Merger, acquisition all about growth” on July 11, 2017. More interesting news about Cincinnati Bell Inc. (NYSE:CBB) were released by: Nasdaq.com and their article: “Here’s Why You Should Buy Cincinnati Bell (CBB) Amid Losses” published on July 05, 2017 as well as Valuewalk.com‘s news article titled: “Cincinnati Bell Inc. (CBB) – Valuation Analysis” with publication date: June 21, 2017.

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