Cable One (NYSE:CABO) Upgraded at BNP Paribas Exane

Cable One (NYSE:CABO) was upgraded by BNP Paribas Exane from an “underperform” rating to a “neutral” rating in a report issued on Tuesday, MarketBeat reports. The firm currently has a $40.00 target price on the stock. BNP Paribas Exane’s price objective would indicate a potential upside of 5.35% from the stock’s previous close.

Several other brokerages also recently commented on CABO. Wells Fargo & Company reduced their target price on Cable One from $90.00 to $70.00 and set an “underweight” rating for the company in a research note on Friday, May 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cable One in a report on Monday, April 20th. Zacks Research raised shares of Cable One from a “strong sell” rating to a “hold” rating in a research report on Friday, July 3rd. Finally, TD Cowen decreased their price objective on shares of Cable One from $142.00 to $111.00 and set a “hold” rating on the stock in a report on Friday, May 1st. Four equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Cable One presently has a consensus rating of “Reduce” and a consensus target price of $91.50.

Cable One Stock Up 4.9%

NYSE:CABO opened at $37.97 on Tuesday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.75 and a current ratio of 1.75. Cable One has a 52-week low of $33.38 and a 52-week high of $180.74. The company has a market cap of $215.28 million, a PE ratio of -0.65 and a beta of 0.53. The stock has a 50-day simple moving average of $48.19 and a 200 day simple moving average of $81.60.

Cable One (NYSE:CABO) last released its earnings results on Thursday, April 30th. The company reported $6.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.77 by ($1.65). Cable One had a positive return on equity of 5.36% and a negative net margin of 21.94%.The company had revenue of $352.96 million for the quarter, compared to the consensus estimate of $359.59 million. On average, sell-side analysts expect that Cable One will post 29.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Cable One

Institutional investors have recently modified their holdings of the business. Quarry LP grew its position in Cable One by 1,011.1% during the 3rd 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 boosted its stake in shares of Cable One by 2,288.9% during the third quarter. Parallel Advisors LLC now owns 215 shares of the company’s stock valued at $38,000 after purchasing an additional 206 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Cable One during the third quarter valued at about $39,000. US Bancorp DE grew its holdings in shares of Cable One by 128.1% during the third quarter. US Bancorp DE now owns 308 shares of the company’s stock worth $55,000 after purchasing an additional 173 shares during the last quarter. Finally, State of Wyoming bought a new stake in shares of Cable One during the second quarter worth about $50,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

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.