Cable One, Inc. (NYSE:CABO) Given Consensus Recommendation of “Hold” by Brokerages

Cable One, Inc. (NYSE:CABOGet Rating) has been assigned a consensus rating of “Hold” from the eight research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $2,054.33.

A number of research firms have commented on CABO. Zacks Investment Research cut Cable One from a “hold” rating to a “sell” rating in a research note on Friday. Cowen cut their price objective on Cable One from $2,000.00 to $1,800.00 in a report on Friday, February 25th. KeyCorp cut their price objective on Cable One from $2,480.00 to $2,326.00 and set an “overweight” rating on the stock in a report on Monday, February 28th. StockNews.com began coverage on Cable One in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Truist Financial cut their price objective on Cable One from $2,300.00 to $2,000.00 in a report on Friday, February 25th.

Shares of NYSE CABO opened at $1,166.20 on Monday. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.86 and a quick ratio of 1.86. The stock has a market capitalization of $7.01 billion, a P/E ratio of 24.95 and a beta of 0.62. Cable One has a 1-year low of $1,161.66 and a 1-year high of $2,136.14. The business has a fifty day moving average price of $1,441.48 and a 200 day moving average price of $1,601.41.

Cable One (NYSE:CABOGet Rating) last issued its quarterly earnings data on Thursday, February 24th. The company reported $10.54 earnings per share for the quarter, missing analysts’ consensus estimates of $12.09 by ($1.55). Cable One had a return on equity of 17.15% and a net margin of 18.17%. The company had revenue of $432.60 million for the quarter, compared to analysts’ expectations of $431.99 million. During the same quarter last year, the company earned $9.80 earnings per share. The company’s revenue for the quarter was up 28.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Cable One will post 50.95 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 4th. Shareholders of record on Tuesday, February 15th were given a dividend of $2.75 per share. The ex-dividend date of this dividend was Monday, February 14th. This represents a $11.00 dividend on an annualized basis and a yield of 0.94%. Cable One’s dividend payout ratio is currently 23.53%.

A number of hedge funds have recently modified their holdings of CABO. Ilmarinen Mutual Pension Insurance Co lifted its position in shares of Cable One by 38.0% in the third quarter. Ilmarinen Mutual Pension Insurance Co now owns 690 shares of the company’s stock valued at $1,251,000 after acquiring an additional 190 shares in the last quarter. EP Wealth Advisors LLC lifted its position in shares of Cable One by 5,503.5% in the third quarter. EP Wealth Advisors LLC now owns 41,186 shares of the company’s stock valued at $1,331,000 after acquiring an additional 40,451 shares in the last quarter. Yousif Capital Management LLC purchased a new position in shares of Cable One in the fourth quarter valued at approximately $4,520,000. Kestra Advisory Services LLC lifted its position in shares of Cable One by 275.6% in the fourth quarter. Kestra Advisory Services LLC now owns 462 shares of the company’s stock valued at $815,000 after acquiring an additional 339 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC purchased a new position in shares of Cable One in the fourth quarter valued at approximately $559,000. Institutional investors own 89.51% of the company’s stock.

About Cable One (Get Rating)

Cable One, Inc, together with its subsidiaries, provides data, video, and voice services in the United States. The company offers residential data services, a service to enhance Wi-Fi signal throughout the home. It also provides residential video services, such as local networks; local community programming that includes governmental and public access; and other channels, as well as digital video services, including national and regional cable networks, music channels, and an interactive and electronic programming guide with parental controls.

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Analyst Recommendations for Cable One (NYSE:CABO)

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