Cable One (NYSE:CABO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Cable One (NYSE:CABO) from a sell rating to a hold rating in a research report report published on Saturday morning,Wall Street Zen reports.

CABO has been the topic of a number of other reports. TD Cowen lowered their price objective on shares of Cable One from $111.00 to $86.00 and set a “hold” rating on the stock in a research report on Friday, August 7th. Williams Trading set a $86.00 target price on shares of Cable One in a research report on Friday, August 7th. BNP Paribas Exane cut their target price on shares of Cable One from $40.00 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, September 29th. Zacks Research raised shares of Cable One from a “strong sell” rating to a “hold” rating in a research note on Friday, October 9th. Finally, Weiss Ratings raised shares of Cable One from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, October 2nd. Four investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $80.00.

Cable One Price Performance

Shares of CABO opened at $6.17 on Friday. The business’s 50-day moving average is $19.75 and its 200-day moving average is $45.07. The company has a debt-to-equity ratio of 9.27, a current ratio of 0.48 and a quick ratio of 0.48. The company has a market capitalization of $35.00 million, a price-to-earnings ratio of -0.03 and a beta of 0.52. Cable One has a fifty-two week low of $6.01 and a fifty-two week high of $168.54.

Hedge Funds Weigh In On Cable One

Several institutional investors have recently bought and sold shares of CABO. Legal & General Group Plc bought a new stake in shares of Cable One during the 2nd quarter worth about $30,000. Integrated Wealth Concepts LLC acquired a new position in shares of Cable One during the 2nd quarter valued at about $34,000. Public Employees Retirement System of Ohio acquired a new position in shares of Cable One during the 2nd quarter valued at about $52,000. Fifth Third Bancorp increased its holdings in shares of Cable One by 3,100.0% during the 1st quarter. Fifth Third Bancorp now owns 1,120 shares of the company’s stock valued at $102,000 after acquiring an additional 1,085 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in shares of Cable One in the 2nd quarter valued at approximately $113,000. 89.92% of the stock is currently owned by institutional investors.

About Cable One

Cable One, Inc (NYSE: CABO) is a broadband communications provider serving residential and business customers in communities across the United States. The company operates primarily through the Sparklight brand and provides high-speed internet, video and voice services, along with related communications solutions.

For residential customers, Cable One offers broadband internet access, television programming and digital phone services. Its business operations provide internet connectivity, data transport, voice services, managed solutions and other telecommunications products to small and medium-sized businesses, enterprise customers and institutions.