Cable One (NYSE:CABO) Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Cable One (NYSE:CABOGet Rating) from a buy rating to a hold rating in a research note released on Tuesday, Zacks.com reports.

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. “

Other research analysts have also recently issued research reports about the stock. KeyCorp cut their price objective on shares of Cable One from $2,326.00 to $1,896.00 in a research report on Friday, May 6th. StockNews.com started coverage on shares of Cable One in a research report on Thursday, March 31st. They set a hold rating on the stock. Truist Financial cut their price objective on shares of Cable One from $2,000.00 to $1,400.00 in a research report on Friday, May 6th. Cowen cut their price target on shares of Cable One from $2,000.00 to $1,800.00 in a report on Friday, February 25th. Finally, Wells Fargo & Company cut their price target on shares of Cable One from $2,100.00 to $1,800.00 in a report on Friday, May 6th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Cable One has a consensus rating of Buy and an average price target of $1,751.14.

Shares of CABO opened at $1,102.03 on Tuesday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.86 and a current ratio of 1.86. Cable One has a fifty-two week low of $1,078.30 and a fifty-two week high of $2,136.14. The stock has a market capitalization of $6.63 billion, a PE ratio of 17.66 and a beta of 0.74. The company’s fifty day moving average is $1,398.11 and its 200 day moving average is $1,570.64.

Cable One (NYSE:CABOGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The company reported $26.85 earnings per share for the quarter, beating analysts’ consensus estimates of $12.03 by $14.82. Cable One had a net margin of 23.34% and a return on equity of 22.75%. The business had revenue of $426.70 million for the quarter, compared to analysts’ expectations of $427.97 million. During the same quarter in the previous year, the business posted $11.19 earnings per share. The business’s revenue was up 25.0% compared to the same quarter last year. As a group, research analysts forecast that Cable One will post 50.95 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in Cable One by 5.4% in the fourth quarter. BlackRock Inc. now owns 736,160 shares of the company’s stock worth $1,298,179,000 after acquiring an additional 37,780 shares during the period. Wellington Management Group LLP lifted its stake in Cable One by 19.6% in the third quarter. Wellington Management Group LLP now owns 339,424 shares of the company’s stock worth $615,421,000 after acquiring an additional 55,691 shares during the period. Rothschild & Co Wealth Management UK Ltd lifted its stake in Cable One by 4.0% in the first quarter. Rothschild & Co Wealth Management UK Ltd now owns 182,391 shares of the company’s stock worth $267,064,000 after acquiring an additional 6,952 shares during the period. State Street Corp lifted its stake in Cable One by 1.6% in the fourth quarter. State Street Corp now owns 173,750 shares of the company’s stock worth $306,399,000 after acquiring an additional 2,748 shares during the period. Finally, Capital International Investors lifted its stake in Cable One by 0.3% in the fourth quarter. Capital International Investors now owns 116,782 shares of the company’s stock worth $206,079,000 after acquiring an additional 371 shares during the period. 89.51% of the stock is owned by institutional investors.

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.

Recommended Stories

Get a free copy of the Zacks research report on Cable One (CABO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Cable One (NYSE:CABO)

Receive News & Ratings for Cable One Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cable One and related companies with MarketBeat.com's FREE daily email newsletter.