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

Cable One, Inc. (NYSE:CABO) has earned an average recommendation of “Reduce” from the six analysts that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $101.50.

Several equities analysts recently weighed in on the stock. Wells Fargo & Company cut their price target on shares of Cable One from $90.00 to $70.00 and set an “underweight” rating on the stock in a report on Friday, May 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cable One in a report on Monday, April 20th. BNP Paribas Exane downgraded shares of Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 price target on the stock. in a report on Tuesday, February 24th. TD Cowen cut their price target on shares of Cable One from $142.00 to $111.00 and set a “hold” rating on the stock in a report on Friday, May 1st. Finally, Zacks Research downgraded shares of Cable One from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 16th.

Institutional Investors Weigh In On Cable One

Hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its position in Cable One by 180.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 140 shares of the company’s stock worth $25,000 after purchasing an additional 90 shares in the last quarter. Quarry LP boosted its position in Cable One by 1,011.1% in 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 boosted its position in Cable One by 2,288.9% in 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 purchased a new stake in Cable One in the 3rd quarter worth approximately $39,000. Finally, Hantz Financial Services Inc. boosted its position in Cable One by 107.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock worth $45,000 after purchasing an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Cable One Price Performance

Shares of NYSE:CABO opened at $62.21 on Friday. Cable One has a twelve month low of $53.94 and a twelve month high of $180.74. The company’s 50 day moving average is $98.15 and its 200 day moving average is $108.83. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.09. The company has a market cap of $352.72 million, a PE ratio of -1.07 and a beta of 0.68.

Cable One (NYSE:CABO) last issued its quarterly earnings results on Thursday, April 30th. The company reported $6.12 earnings per share for the quarter, missing the consensus estimate of $7.77 by ($1.65). Cable One had a positive return on equity of 5.36% and a negative net margin of 21.94%.The business had revenue of $352.96 million during the quarter, compared to analyst estimates of $359.59 million. On average, sell-side analysts forecast that Cable One will post 30.57 EPS for the current year.

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.