Brokerages Set Cable One, Inc. (NYSE:CABO) Price Target at $85.40

Shares of Cable One, Inc. (NYSE:CABO) have been given an average recommendation of “Reduce” by the six research firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $85.40.

Several equities analysts recently weighed in on CABO shares. Wells Fargo & Company cut their price objective on shares of Cable One from $90.00 to $70.00 and set an “underweight” rating on the stock in a research report on Friday, May 1st. BNP Paribas Exane raised shares of Cable One from an “underperform” rating to a “neutral” rating and decreased their target price for the stock from $60.00 to $40.00 in a research report on Tuesday, July 14th. Zacks Research lowered shares of Cable One from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. TD Cowen cut their price target on shares of Cable One from $111.00 to $86.00 and set a “hold” rating on the stock in a report on Friday, August 7th. Finally, Weiss Ratings lowered shares of Cable One from a “sell (d-)” rating to a “sell (e)” rating in a research note on Tuesday, August 11th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Legal & General Group Plc acquired a new stake in Cable One during the second quarter valued at approximately $30,000. Quarry LP increased its holdings in shares of Cable One by 1,011.1% in the third quarter. Quarry LP now owns 200 shares of the company’s stock valued at $35,000 after purchasing an additional 182 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Cable One by 2,288.9% during the third quarter. Parallel Advisors LLC now owns 215 shares of the company’s stock worth $38,000 after acquiring an additional 206 shares during the last quarter. Quantbot Technologies LP acquired a new position in Cable One during the 3rd quarter valued at about $39,000. Finally, State of Wyoming bought a new position in Cable One in the second quarter valued at approximately $50,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Cable One Trading Down 13.2%

Shares of CABO stock opened at $22.75 on Monday. The stock has a 50-day simple moving average of $40.47 and a 200 day simple moving average of $69.79. Cable One has a fifty-two week low of $22.62 and a fifty-two week high of $180.74. The stock has a market capitalization of $128.99 million, a P/E ratio of -0.12 and a beta of 0.54. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 9.27.

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.