Wells Fargo & Company Issues Pessimistic Forecast for Cable One (NYSE:CABO) Stock Price

Cable One (NYSE:CABOGet Free Report) had its price objective cut by stock analysts at Wells Fargo & Company from $107.00 to $90.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Wells Fargo & Company‘s target price points to a potential downside of 2.49% from the stock’s previous close.

Several other brokerages have also commented on CABO. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cable One in a report on Wednesday, January 21st. JPMorgan Chase & Co. lowered 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. BNP Paribas Exane cut Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 price objective for the company. in a research report on Tuesday. Finally, Zacks Research raised shares of Cable One from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Four equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $241.25.

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Cable One Price Performance

Shares of NYSE:CABO traded up $1.40 on Friday, reaching $92.30. The company’s stock had a trading volume of 77,754 shares, compared to its average volume of 160,037. The company has a market cap of $520.09 million, a P/E ratio of -1.12 and a beta of 0.74. Cable One has a 52-week low of $70.37 and a 52-week high of $290.48. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.38 and a current ratio of 0.38. The company has a 50-day simple moving average of $99.99 and a 200 day simple moving average of $131.00.

Cable One (NYSE:CABOGet Free Report) last announced its earnings results on Thursday, February 26th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing the consensus estimate of $7.60 by ($8.95). The business had revenue of $363.74 million for the quarter, compared to analysts’ expectations of $368.59 million. Cable One had a negative net margin of 29.78% and a positive return on equity of 7.96%. As a group, equities research analysts anticipate that Cable One will post 32.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Cable One

A number of hedge funds have recently modified their holdings of CABO. Baupost Group LLC MA acquired a new stake in Cable One during the 3rd quarter worth approximately $12,068,000. Private Management Group Inc. raised its stake in Cable One by 103.9% during the second quarter. Private Management Group Inc. now owns 311,131 shares of the company’s stock worth $42,255,000 after acquiring an additional 158,564 shares during the period. Goldentree Asset Management LP acquired a new position in shares of Cable One during the third quarter valued at $13,033,000. Burgundy Asset Management Ltd. raised its holdings in shares of Cable One by 18.0% during the second quarter. Burgundy Asset Management Ltd. now owns 474,730 shares of the company’s stock valued at $64,473,000 after buying an additional 72,327 shares during the last quarter. Finally, Norges Bank bought a new position in Cable One in the 2nd quarter worth approximately $8,336,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Cable One News Summary

Here are the key news stories impacting Cable One this week:

Cable One Company Profile

(Get Free Report)

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.

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