Analysts Set Cable One, Inc. (NYSE:CABO) Target Price at $85.40

Cable One, Inc. (NYSE:CABO) has been assigned an average recommendation of “Reduce” from the six analysts that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $85.40.

Several research firms have recently commented on CABO. TD Cowen reduced their target price on Cable One from $111.00 to $86.00 and set a “hold” rating for the company in a research note on Friday, August 7th. BNP Paribas Exane upgraded Cable One from an “underperform” rating to a “neutral” rating and decreased their price target for the stock from $60.00 to $40.00 in a research note on Tuesday, July 14th. Zacks Research lowered Cable One from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th. Williams Trading set a $86.00 price objective on Cable One in a research note on Friday, August 7th. Finally, Weiss Ratings downgraded shares of Cable One from a “sell (d-)” rating to a “sell (e)” rating in a research report on Tuesday, August 11th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc acquired a new stake in shares of Cable One in the 2nd quarter worth about $30,000. Quarry LP increased its position in Cable One by 1,011.1% in the 3rd quarter. Quarry LP now owns 200 shares of the company’s stock valued at $35,000 after acquiring an additional 182 shares during the period. Parallel Advisors LLC boosted its position in Cable One by 2,288.9% during the 3rd 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 bought a new position in shares of Cable One in the third quarter worth $39,000. Finally, State of Wyoming bought a new stake in shares of Cable One during the second quarter valued at about $50,000. 89.92% of the stock is currently owned by institutional investors.

Cable One Trading Down 0.3%

NYSE:CABO opened at $22.75 on Monday. The stock has a market cap of $128.99 million, a price-to-earnings ratio of -0.12 and a beta of 0.54. Cable One has a one year low of $22.62 and a one year high of $180.74. The company has a debt-to-equity ratio of 9.27, a quick ratio of 0.48 and a current ratio of 0.48. The business’s 50-day simple moving average is $40.47 and its 200 day simple moving average is $69.67.

Cable One Company Profile

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.