Cable One (NYSE:CABO) Upgraded to Hold at Zacks Research

Cable One (NYSE:CABO) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. cut their price target on shares of Cable One from $175.00 to $145.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cable One in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company reduced their target price on Cable One from $120.00 to $107.00 and set an “underweight” rating for the company in a report on Friday, November 7th. Six analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $256.75.

Cable One Stock Down 9.2%

Shares of Cable One stock opened at $92.59 on Monday. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 1.88. Cable One has a 12-month low of $91.25 and a 12-month high of $345.39. The firm has a market capitalization of $522.19 million, a PE ratio of -1.14 and a beta of 0.76. The stock’s fifty day moving average is $116.88 and its 200-day moving average is $140.41.

Cable One (NYSE:CABO) last issued its quarterly earnings results on Thursday, November 6th. The company reported $5.17 earnings per share for the quarter, missing analysts’ consensus estimates of $9.25 by ($4.08). Cable One had a positive return on equity of 7.96% and a negative net margin of 29.78%.The company had revenue of $376.01 million during the quarter, compared to analysts’ expectations of $378.96 million. Equities analysts anticipate that Cable One will post 32.08 earnings per share for the current year.

Institutional Trading of Cable One

Institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in Cable One by 180.0% during the third quarter. EverSource Wealth Advisors LLC now owns 140 shares of the company’s stock valued at $25,000 after acquiring an additional 90 shares in the last quarter. Quarry LP raised its holdings in shares of Cable One by 1,011.1% during the 3rd quarter. Quarry LP now owns 200 shares of the company’s stock valued at $35,000 after purchasing an additional 182 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Cable One by 2,288.9% in the 3rd quarter. Parallel Advisors LLC now owns 215 shares of the company’s stock valued at $38,000 after purchasing an additional 206 shares during the last quarter. Quantbot Technologies LP bought a new stake in Cable One in the third quarter worth $39,000. Finally, Signaturefd LLC increased its position in Cable One by 171.2% during the second quarter. Signaturefd LLC now owns 320 shares of the company’s stock worth $43,000 after buying an additional 202 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

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.