Cable One (NYSE:CABO) Price Target Cut to $70.00 by Analysts at Wells Fargo & Company

Cable One (NYSE:CABO) had its price target decreased by Wells Fargo & Company from $90.00 to $70.00 in a report released on Friday morning,Benzinga reports. Wells Fargo & Company currently has an underweight rating on the stock.

Several other equities research analysts have also issued reports on CABO. TD Cowen dropped their price objective on shares of Cable One from $260.00 to $142.00 and set a “hold” rating for the company in a research report on Friday, February 27th. Zacks Research cut shares of Cable One from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cable One in a research report on Monday, April 20th. Finally, BNP Paribas Exane cut Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 price objective on the stock. in a research note on Tuesday, February 24th. Three equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $101.50.

Cable One Trading Down 18.1%

Shares of NYSE CABO traded down $16.60 during midday trading on Friday, hitting $74.89. The stock had a trading volume of 364,209 shares, compared to its average volume of 120,892. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.81. Cable One has a 1-year low of $70.37 and a 1-year high of $196.64. The company has a market capitalization of $424.77 million, a price-to-earnings ratio of -1.17 and a beta of 0.69. The company has a fifty day moving average price of $100.54 and a 200 day moving average price of $111.62.

Cable One (NYSE:CABO) last posted its earnings results on Thursday, April 30th. The company reported $6.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.77 by ($1.65). Cable One had a positive return on equity of 5.44% and a negative net margin of 21.94%.The business had revenue of $352.96 million for the quarter, compared to analyst estimates of $359.59 million. On average, analysts predict that Cable One will post 33.39 earnings per share for the current year.

Institutional Investors Weigh In On Cable One

A number of large investors have recently added to or reduced their stakes in CABO. 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 valued at $25,000 after buying an additional 90 shares during the last quarter. Quarry LP increased its position in shares of Cable One by 1,011.1% during the third quarter. Quarry LP now owns 200 shares of the company’s stock worth $35,000 after acquiring an additional 182 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Cable One by 2,288.9% in the third quarter. Parallel Advisors LLC now owns 215 shares of the company’s stock worth $38,000 after acquiring an additional 206 shares in the last quarter. Quantbot Technologies LP purchased a new position in Cable One in the third quarter valued at about $39,000. Finally, Hantz Financial Services Inc. boosted its holdings in Cable One by 107.3% in the third quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $45,000 after purchasing an additional 132 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Cable One

Here are the key news stories impacting Cable One this week:

• Positive Sentiment: Cable One expects multi‑gig capability in most markets by year‑end and is targeting a $2–$5 back‑book price reset — a constructive tactic to rebuild ARPU if execution and churn trends stabilize. Multi‑gig rollout and price reset
• Neutral Sentiment: Earnings and call transcripts are available for investor review — useful to parse management commentary on churn, capex, and margin remediation. Q1 earnings transcript (Yahoo) Earnings call transcript (Seeking Alpha)
• Neutral Sentiment: Zacks and other writeups summarize the miss and key metrics vs. estimates — helpful for investors modeling near‑term earnings and margin recovery scenarios. Zacks: Key metrics
• Negative Sentiment: CABO reported Q1 EPS of $6.12 vs. consensus $7.77 and revenue $352.96M vs. $359.59M, with a negative net margin — a clear near‑term earnings and profitability setback. Press release / earnings
• Negative Sentiment: Analysts reacted: Wells Fargo cut its price target to $70 and set an “underweight” rating, and TD Cowen lowered its target to $111 and kept a “hold” — both moves increase sell‑side pressure. Analyst target changes (Benzinga)
• Negative Sentiment: Third‑party coverage highlights subscriber losses and margin pressure prompting a strategic overhaul — these operational challenges explain investor concerns about near‑term growth and profitability. Deep dive on subscriber losses (MSN)
• Negative Sentiment: Market/ETF positioning (Russell 1000 reweighting) and coverage noting the revenue miss have contributed to additional selling pressure. Russell 1000 ETF impact

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.