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

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

A number of other research analysts have also weighed in on the stock. Weiss Ratings raised shares of Cable One from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, October 2nd. BNP Paribas Exane reduced their price target on shares of Cable One from $40.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 29th. Zacks Research raised shares of Cable One from a “strong sell” rating to a “hold” rating in a research note on Friday, October 9th. TD Cowen decreased their price target on shares of Cable One from $111.00 to $86.00 and set a “hold” rating on the stock in a research note on Friday, August 7th. Finally, Williams Trading set a $86.00 price objective on shares of Cable One in a research report on Friday, August 7th. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $80.00.

Cable One Stock Performance

NYSE:CABO opened at $7.23 on Friday. The company has a debt-to-equity ratio of 9.27, a current ratio of 0.48 and a quick ratio of 0.48. Cable One has a 1 year low of $7.19 and a 1 year high of $168.54. The stock’s 50 day simple moving average is $20.33 and its two-hundred day simple moving average is $45.67. The company has a market cap of $40.99 million, a price-to-earnings ratio of -0.04 and a beta of 0.52.

Institutional Investors Weigh In On Cable One

Several institutional investors have recently made changes to their positions in CABO. Integrated Wealth Concepts LLC bought a new position in Cable One during the 2nd quarter valued at about $34,000. Squarepoint Ops LLC purchased a new stake in Cable One in the 2nd quarter worth about $1,203,000. Corient Private Wealth LP lifted its stake in Cable One by 34.9% in the second quarter. Corient Private Wealth LP now owns 16,807 shares of the company’s stock worth $893,000 after purchasing an additional 4,351 shares during the last quarter. Susquehanna International Group LLP lifted its stake in Cable One by 626.5% in the second quarter. Susquehanna International Group LLP now owns 40,336 shares of the company’s stock worth $2,142,000 after purchasing an additional 34,784 shares during the last quarter. Finally, Private Management Group Inc. lifted its stake in Cable One by 55.1% in the second quarter. Private Management Group Inc. now owns 471,990 shares of the company’s stock worth $25,067,000 after purchasing an additional 167,590 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Cable One Company Profile

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.