Cable One (NYSE:CABO) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Cable One (NYSE:CABO) from a hold rating to a strong-buy rating in a report released on Thursday,Zacks.com reports.

A number of other research firms have also issued reports on CABO. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cable One in a research note on Wednesday, January 21st. Wells Fargo & Company cut their target price on shares of Cable One from $107.00 to $90.00 and set an “underweight” rating for the company in a research report on Friday, February 27th. TD Cowen decreased their price target on shares of Cable One from $260.00 to $142.00 and set a “hold” rating for the company in a report on Friday, February 27th. JPMorgan Chase & Co. lowered their price target on Cable One from $175.00 to $145.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. Finally, BNP Paribas Exane lowered Cable One from a “neutral” rating to an “underperform” rating and set a $80.00 price objective on the stock. in a research note on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $114.25.

Cable One Stock Up 1.0%

Shares of Cable One stock opened at $113.29 on Thursday. The stock has a market capitalization of $642.35 million, a P/E ratio of -1.77 and a beta of 0.70. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.81. The stock has a 50 day moving average price of $98.10 and a two-hundred day moving average price of $127.67. Cable One has a 12-month low of $70.37 and a 12-month high of $277.96.

Cable One (NYSE:CABO) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($1.35) EPS for the quarter, missing the consensus estimate of $7.60 by ($8.95). Cable One had a negative net margin of 23.74% and a positive return on equity of 7.36%. The company had revenue of $363.74 million for the quarter, compared to analyst estimates of $368.59 million. Equities analysts expect that Cable One will post 32.08 earnings per share for the current year.

Hedge Funds Weigh In On Cable One

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased 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 worth $25,000 after acquiring an additional 90 shares during the period. Police & Firemen s Retirement System of New Jersey boosted its holdings in Cable One by 7.9% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 1,312 shares of the company’s stock valued at $178,000 after purchasing an additional 96 shares during the period. AlphaQuest LLC grew its position in Cable One by 9.2% in the 3rd quarter. AlphaQuest LLC now owns 1,218 shares of the company’s stock worth $216,000 after purchasing an additional 103 shares during the last quarter. Federated Hermes Inc. grew its position in Cable One by 11.5% in the 3rd quarter. Federated Hermes Inc. now owns 1,117 shares of the company’s stock worth $198,000 after purchasing an additional 115 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in shares of Cable One by 107.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock worth $45,000 after purchasing an additional 132 shares during the period. Institutional investors 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.