Cable One, Inc. (NYSE:CABO) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Cable One, Inc. (NYSE:CABO) have received a consensus recommendation of “Reduce” from the seven research firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $256.75.

Several research analysts have issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cable One in a research note on Wednesday, January 21st. Zacks Research raised shares of Cable One from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. JPMorgan Chase & Co. dropped their target price on shares of Cable One from $175.00 to $145.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. Finally, Wells Fargo & Company reduced their price target on shares of Cable One from $120.00 to $107.00 and set an “underweight” rating on the stock in a research report on Friday, November 7th.

Institutional Investors Weigh In On Cable One

Large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its holdings in Cable One by 180.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 140 shares of the company’s stock valued at $25,000 after purchasing an additional 90 shares in the last quarter. Quarry LP grew its holdings in shares of Cable One by 1,011.1% during the third quarter. Quarry LP now owns 200 shares of the company’s stock worth $35,000 after purchasing an additional 182 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Cable One by 2,288.9% in the third quarter. Parallel Advisors LLC now owns 215 shares of the company’s stock valued at $38,000 after buying an additional 206 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Cable One in the third quarter valued at about $39,000. Finally, Hantz Financial Services Inc. lifted its position in Cable One by 107.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock worth $45,000 after buying an additional 132 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

Cable One Stock Up 0.3%

NYSE CABO opened at $105.47 on Monday. Cable One has a 1-year low of $70.37 and a 1-year high of $290.48. The company has a market capitalization of $594.85 million, a price-to-earnings ratio of -1.30 and a beta of 0.75. The stock’s 50 day moving average is $103.09 and its two-hundred day moving average is $132.09. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 1.88.

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.