Cable One, Inc. (NYSE:CABO) Given Average Rating of “Reduce” by Brokerages

Cable One, Inc. (NYSE:CABO) has earned an average recommendation of “Reduce” from the eight analysts that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $114.25.

A number of research analysts recently commented on CABO shares. Wells Fargo & Company decreased their price target on shares of Cable One from $107.00 to $90.00 and set an “underweight” rating on the stock in a research note on Friday, February 27th. Zacks Research upgraded shares of Cable One from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. BNP Paribas Exane downgraded Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 target price on the stock. in a research report on Tuesday, February 24th. TD Cowen lowered their target price on Cable One from $260.00 to $142.00 and set a “hold” rating on the stock in a research note on Friday, February 27th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Cable One in a report on Wednesday, January 21st.

Cable One Trading Up 2.0%

Shares of Cable One stock opened at $97.02 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.40 and a quick ratio of 0.40. The business has a fifty day simple moving average of $98.14 and a two-hundred day simple moving average of $126.04. Cable One has a 1 year low of $70.37 and a 1 year high of $277.96. The company has a market capitalization of $550.09 million, a price-to-earnings ratio of -1.51 and a beta of 0.70.

Cable One (NYSE:CABO) last released its quarterly earnings data on Thursday, February 26th. The company reported ($1.35) EPS for the quarter, missing the consensus estimate of $7.60 by ($8.95). The company had revenue of $363.74 million during the quarter, compared to analyst estimates of $368.59 million. Cable One had a negative net margin of 23.74% and a positive return on equity of 7.36%. Research analysts forecast that Cable One will post 32.08 EPS for the current year.

Institutional Investors Weigh In On Cable One

A number of hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its position in shares of Cable One by 180.0% in the third quarter. EverSource Wealth Advisors LLC now owns 140 shares of the company’s stock valued at $25,000 after acquiring an additional 90 shares during the period. Quarry LP increased its position in Cable One by 1,011.1% during the third quarter. Quarry LP now owns 200 shares of the company’s stock worth $35,000 after acquiring an additional 182 shares during the period. Parallel Advisors LLC increased its position in Cable One by 2,288.9% during the third quarter. Parallel Advisors LLC now owns 215 shares of the company’s stock worth $38,000 after acquiring an additional 206 shares during the period. Quantbot Technologies LP acquired a new stake in Cable One in the 3rd quarter worth about $39,000. Finally, Hantz Financial Services Inc. raised its stake in Cable One by 107.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock worth $45,000 after purchasing an additional 132 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

About Cable One

Cable One, Inc (NYSE:CABO) is an American provider of broadband communications services, offering a suite of residential and business solutions over a hybrid fiber-coaxial network. The company delivers high-speed internet access, digital video, voice communications and mobile services, alongside advanced managed Wi-Fi and cybersecurity tools. Cable One’s infrastructure supports both traditional cable offerings and converged IP-based platforms designed to meet evolving customer needs.

In addition to consumer-focused services, Cable One caters to small and medium-sized enterprises with dedicated business-class connectivity, Ethernet solutions and cloud-based voice applications.