Cable One, Inc. (NYSE:CABO) Stock Has Consensus Target Price of $80.00 According to Brokerages

Cable One, Inc. (NYSE:CABO) has earned a consensus recommendation of “Reduce” from the six analysts that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $80.00.

CABO has been the subject of a number of recent research reports. Weiss Ratings upgraded Cable One from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, October 2nd. BNP Paribas Exane cut their target price on Cable One from $40.00 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, September 29th. TD Cowen reduced their price target on 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 price target on Cable One in a research note on Friday, August 7th. Finally, Wall Street Zen upgraded Cable One from a “sell” rating to a “hold” rating in a research report on Saturday, October 17th.

Cable One Price Performance

Shares of NYSE:CABO opened at $5.26 on Friday. The firm has a market cap of $29.84 million, a PE ratio of -0.03 and a beta of 0.61. The firm’s fifty day moving average is $14.11 and its 200-day moving average is $55.92. The company has a debt-to-equity ratio of 9.27, a quick ratio of 0.48 and a current ratio of 0.48. Cable One has a 52 week low of $4.36 and a 52 week high of $145.22.

Institutional Trading of Cable One

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CABO. Legal & General Group Plc acquired a new stake in Cable One in the second quarter worth $30,000. Integrated Wealth Concepts LLC bought a new stake in Cable One in the second quarter valued at $34,000. Public Employees Retirement System of Ohio bought a new stake in Cable One in the second quarter valued at $52,000. Fifth Third Bancorp raised its holdings in shares of Cable One by 3,100.0% during the first quarter. Fifth Third Bancorp now owns 1,120 shares of the company’s stock valued at $102,000 after purchasing an additional 1,085 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in shares of Cable One during the second quarter valued at about $113,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Cable One Company Profile

Cable One, Inc is a broadband communications provider serving residential and business customers in smaller cities and rural communities across the United States. The company operates primarily under the Sparklight brand and provides connectivity services over its cable and fiber networks.

Its consumer offerings include high-speed internet, video entertainment and traditional voice services, along with related products such as Wi-Fi solutions and streaming-oriented television options. For business customers, Cable One provides internet access, data connectivity, communications services and other technology solutions designed for organizations of various sizes.

Cable One traces its history to the cable operations of Graham Holdings Company and became an independent publicly traded company in 2015.