Cable One (NYSE:CABO) Upgraded at Zacks Research

Zacks Research upgraded shares of Cable One (NYSE:CABO) from a hold rating to a strong-buy rating in a research note released on Thursday morning,Zacks.com reports.

Several other equities research analysts have also recently commented on CABO. BNP Paribas Exane cut shares of Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 price objective on the stock. in a research report on Tuesday, February 24th. Wells Fargo & Company dropped their price target on Cable One from $107.00 to $90.00 and set an “underweight” rating on the stock in a research note on Friday, February 27th. TD Cowen cut their price target on Cable One from $260.00 to $142.00 and set a “hold” rating on the stock in a report on Friday, February 27th. JPMorgan Chase & Co. reduced their price objective on 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, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cable One in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $114.25.

Cable One Stock Performance

NYSE:CABO opened at $113.29 on Thursday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market cap of $642.35 million, a price-to-earnings ratio of -1.77 and a beta of 0.70. The firm’s 50-day moving average is $98.10 and its 200-day moving average is $127.46. Cable One has a 52-week low of $70.37 and a 52-week high of $277.96.

Cable One (NYSE:CABO) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($1.35) earnings per share for the quarter, missing analysts’ consensus estimates of $7.60 by ($8.95). Cable One had a negative net margin of 23.74% and a positive return on equity of 7.36%. The company had revenue of $363.74 million during the quarter, compared to the consensus estimate of $368.59 million. Equities research analysts anticipate that Cable One will post 32.08 earnings per share for the current year.

Institutional Trading of Cable One

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

About Cable One

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.