Cable One (NYSE:CABO) Stock Rating Upgraded by Wall Street Zen

Cable One (NYSE:CABO) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday, Wall Street Zen reports.

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

Cable One Price Performance

NYSE CABO opened at $7.23 on Friday. Cable One has a 12-month low of $7.19 and a 12-month high of $168.54. The firm’s fifty day simple moving average is $20.33 and its two-hundred day simple moving average is $46.02. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 9.27. The firm has a market capitalization of $40.99 million, a P/E ratio of -0.04 and a beta of 0.52.

Institutional Trading of Cable One

A number of hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC acquired a new stake in shares of Cable One in the second quarter valued at approximately $34,000. Squarepoint Ops LLC acquired a new stake in shares of Cable One during the 2nd quarter worth about $1,203,000. Corient Private Wealth LP increased its position in shares of Cable One by 34.9% during the second quarter. Corient Private Wealth LP now owns 16,807 shares of the company’s stock valued at $893,000 after acquiring an additional 4,351 shares during the last quarter. Susquehanna International Group LLP lifted its holdings in shares of Cable One by 626.5% in the 2nd quarter. Susquehanna International Group LLP now owns 40,336 shares of the company’s stock worth $2,142,000 after acquiring an additional 34,784 shares during the last quarter. Finally, Private Management Group Inc. raised its position in Cable One by 55.1% in the second quarter. Private Management Group Inc. now owns 471,990 shares of the company’s stock valued at $25,067,000 after purchasing an additional 167,590 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

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.