Cable One (NYSE:CABO) Upgraded to Buy by Zacks Investment Research

Zacks Investment Research upgraded shares of Cable One (NYSE:CABOGet Rating) from a hold rating to a buy rating in a report released on Monday, Zacks.com reports. They currently have $1,262.00 target price on the stock.

According to Zacks, “Cable One, Inc. is a cable company. The Company provides internet, cable television and telephone service primarily in the United States. Cable One, Inc. is based in Phoenix, United States. “

CABO has been the subject of several other research reports. Cowen dropped their price target on Cable One from $2,000.00 to $1,800.00 in a research report on Friday, February 25th. Wells Fargo & Company dropped their price target on Cable One from $2,100.00 to $1,800.00 in a research report on Friday. KeyCorp dropped their price target on Cable One from $2,326.00 to $1,896.00 in a research report on Friday. StockNews.com began coverage on Cable One in a research report on Thursday, March 31st. They issued a hold rating for the company. Finally, Truist Financial lowered their price objective on Cable One from $2,000.00 to $1,400.00 in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Buy and a consensus price target of $1,751.14.

Cable One stock opened at $1,113.64 on Monday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.86 and a current ratio of 1.86. The stock has a fifty day moving average of $1,404.82 and a two-hundred day moving average of $1,573.94. The company has a market capitalization of $6.70 billion, a price-to-earnings ratio of 17.85 and a beta of 0.74. Cable One has a fifty-two week low of $1,084.53 and a fifty-two week high of $2,136.14.

Cable One (NYSE:CABOGet Rating) last released its quarterly earnings results on Thursday, May 5th. The company reported $26.85 earnings per share for the quarter, topping the consensus estimate of $12.03 by $14.82. The company had revenue of $426.70 million during the quarter, compared to the consensus estimate of $427.97 million. Cable One had a return on equity of 22.75% and a net margin of 23.34%. Cable One’s revenue was up 25.0% compared to the same quarter last year. During the same quarter last year, the business posted $11.19 earnings per share. On average, analysts forecast that Cable One will post 50.95 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in CABO. Harbour Investments Inc. grew its position in Cable One by 33.3% during the fourth quarter. Harbour Investments Inc. now owns 28 shares of the company’s stock valued at $49,000 after acquiring an additional 7 shares during the period. US Bancorp DE grew its holdings in shares of Cable One by 1.5% during the 3rd quarter. US Bancorp DE now owns 532 shares of the company’s stock worth $965,000 after purchasing an additional 8 shares during the period. Raymond James Trust N.A. grew its holdings in shares of Cable One by 4.8% during the 4th quarter. Raymond James Trust N.A. now owns 176 shares of the company’s stock worth $310,000 after purchasing an additional 8 shares during the period. RE Advisers Corp increased its position in Cable One by 25.0% during the 4th quarter. RE Advisers Corp now owns 40 shares of the company’s stock worth $71,000 after purchasing an additional 8 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in Cable One by 12.0% in the first quarter. Signaturefd LLC now owns 84 shares of the company’s stock valued at $123,000 after buying an additional 9 shares during the period. Institutional investors and hedge funds own 89.51% of the company’s stock.

Cable One Company Profile (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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