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

Shares of Cable One, Inc. (NYSE:CABO) have been assigned an average rating of “Reduce” from the six analysts that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $85.40.

CABO has been the topic of several research reports. Wells Fargo & Company lowered 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. TD Cowen reduced their target price on shares of Cable One from $111.00 to $86.00 and set a “hold” rating for the company in a research report on Friday, August 7th. BNP Paribas Exane upgraded shares of Cable One from an “underperform” rating to a “neutral” rating and decreased their price target for the stock from $60.00 to $40.00 in a research note on Tuesday, July 14th. Williams Trading set a $86.00 price target on shares of Cable One in a report on Friday, August 7th. Finally, Zacks Research downgraded Cable One from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th.

Cable One Price Performance

CABO opened at $34.20 on Monday. The firm has a market cap of $193.91 million, a P/E ratio of -0.18 and a beta of 0.54. The firm has a 50-day moving average of $42.14 and a 200 day moving average of $71.50. 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 fifty-two week low of $33.00 and a fifty-two week high of $180.74.

Institutional Trading of Cable One

Several hedge funds have recently made changes to their positions in CABO. Wallace Capital Management Inc. purchased a new position in shares of Cable One during the 2nd quarter valued at $614,000. Man Group plc purchased a new stake in Cable One in the 2nd quarter worth about $4,972,000. Hsbc Holdings PLC purchased a new stake in Cable One in the 2nd quarter worth about $1,072,000. Canada Pension Plan Investment Board bought a new stake in Cable One in the 2nd quarter valued at about $786,000. Finally, Legal & General Group Plc bought a new stake in Cable One in the 2nd quarter valued at about $30,000. 89.92% of the stock is currently owned by institutional investors.

About Cable One

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.