Cable One (NYSE:CABO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Cable One, Inc. is a cable company. The Company provides internet, cable television and telephone service primarily in the United States. Cable One, Inc. is based in Phoenix, United States. “

A number of other analysts also recently weighed in on CABO. Wells Fargo & Co restated a “market perform” rating and issued a $741.00 target price (up from $700.00) on shares of Cable One in a report on Thursday, January 4th. SunTrust Banks restated a “buy” rating and issued a $815.00 target price on shares of Cable One in a report on Friday, November 10th. BidaskClub upgraded shares of Cable One from a “hold” rating to a “buy” rating in a report on Friday, October 13th. Finally, JPMorgan Chase & Co. downgraded shares of Cable One from a “neutral” rating to an “underweight” rating in a report on Monday, November 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $789.50.

Cable One (NYSE:CABO) traded up $2.68 during trading on Tuesday, hitting $697.00. 72,090 shares of the stock were exchanged, compared to its average volume of 33,332. Cable One has a 12-month low of $615.98 and a 12-month high of $788.00. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market cap of $4,023.74, a P/E ratio of 34.03, a PEG ratio of 9.50 and a beta of 0.15.

Cable One (NYSE:CABO) last posted its earnings results on Wednesday, November 8th. The company reported $5.48 earnings per share for the quarter, topping analysts’ consensus estimates of $5.20 by $0.28. Cable One had a net margin of 12.95% and a return on equity of 23.97%. The firm had revenue of $253.85 million for the quarter, compared to the consensus estimate of $255.68 million. During the same period in the previous year, the firm posted $3.63 EPS. The business’s quarterly revenue was up 23.5% on a year-over-year basis. sell-side analysts forecast that Cable One will post 22.14 earnings per share for the current year.

In related news, insider Thomas O. Might sold 6,288 shares of the company’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $681.20, for a total transaction of $4,283,385.60. Following the transaction, the insider now directly owns 37,702 shares in the company, valued at approximately $25,682,602.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Thomas O. Might sold 2,793 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $676.44, for a total transaction of $1,889,296.92. Following the transaction, the chairman now owns 37,702 shares in the company, valued at $25,503,140.88. The disclosure for this sale can be found here. Insiders have sold a total of 11,904 shares of company stock worth $8,223,705 over the last quarter. 1.30% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in CABO. Palisade Asset Management LLC purchased a new stake in Cable One in the 3rd quarter valued at about $202,000. Virtu KCG Holdings LLC purchased a new stake in Cable One in the 2nd quarter valued at about $209,000. Sterling Capital Management LLC purchased a new stake in Cable One in the 2nd quarter valued at about $217,000. State of Alaska Department of Revenue purchased a new stake in Cable One in the 4th quarter valued at about $281,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in Cable One in the 4th quarter valued at about $298,000. 73.17% of the stock is owned by institutional investors.

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Cable One Company Profile

Cable One, Inc is a provider of data, video and voice services. The Company offers products, including Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. As of May 1, 2017, the Company provided data, video and voice services in 21 Western, Midwestern and Southern states.

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