Cable One, Inc. (NYSE:CABO) Stock Has Consensus Target Price of $80.00 According to Brokerages

Cable One, Inc. (NYSE:CABO) has been assigned a consensus recommendation of “Reduce” from the six ratings firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $80.00.

A number of research analysts recently weighed in on CABO shares. Weiss Ratings raised Cable One from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, October 2nd. BNP Paribas Exane decreased their target price on Cable One from $40.00 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, September 29th. Williams Trading set a $86.00 price target on Cable One in a report on Friday, August 7th. Wall Street Zen downgraded Cable One from a “hold” rating to a “sell” rating in a report on Saturday, September 19th. Finally, Zacks Research lowered shares of Cable One from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CABO. Legal & General Group Plc acquired a new position in shares of Cable One during the 2nd quarter worth about $30,000. Integrated Wealth Concepts LLC bought a new stake in shares of Cable One in the 2nd quarter valued at about $34,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Cable One in the 2nd quarter valued at approximately $52,000. Fifth Third Bancorp raised its position in shares of Cable One by 3,100.0% in the 1st quarter. Fifth Third Bancorp now owns 1,120 shares of the company’s stock valued at $102,000 after acquiring an additional 1,085 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Cable One in the 2nd quarter valued at approximately $113,000. Institutional investors own 89.92% of the company’s stock.

Cable One Stock Performance

Shares of CABO stock opened at $11.40 on Tuesday. The company has a debt-to-equity ratio of 9.27, a current ratio of 0.48 and a quick ratio of 0.48. Cable One has a fifty-two week low of $9.84 and a fifty-two week high of $168.54. The stock’s 50-day moving average is $23.00 and its two-hundred day moving average is $48.10. The firm has a market cap of $64.66 million, a P/E ratio of -0.06 and a beta of 0.52.

Cable One Company Profile

Cable One, Inc (NYSE: CABO) is a broadband communications provider serving residential and business customers in communities across the United States. The company operates primarily through the Sparklight brand and provides high-speed internet, video and voice services, along with related communications solutions.

For residential customers, Cable One offers broadband internet access, television programming and digital phone services. Its business operations provide internet connectivity, data transport, voice services, managed solutions and other telecommunications products to small and medium-sized businesses, enterprise customers and institutions.