Cable One, Inc. (NYSE:CABO) Given Average Recommendation of "Reduce" by Brokerages

Key Points

• Analysts broadly remain bearish on Cable One: Three of six analysts rate the stock a sell and three recommend holding it, resulting in an average “Reduce” rating and a 12-month price target of $85.40.
• Several brokerages recently cut their price targets, including TD Cowen to $86, Wells Fargo to $70, and BNP Paribas Exane to $40; ratings range from sell and underweight to neutral.
• Cable One shares opened at $34.20, near their 52-week low of $33.00 and well below the 52-week high of $180.74. The company also carries substantial leverage, with a debt-to-equity ratio of 9.27 and current and quick ratios of 0.48.

Shares of Cable One, Inc. (NYSE:CABO - Get Free Report) have earned an average rating of "Reduce" from the six analysts that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $85.40.

Several analysts have recently commented on the company. TD Cowen lowered their price objective on Cable One from $111.00 to $86.00 and set a "hold" rating for the company in a research note on Friday, August 7th. Wells Fargo & Company dropped their price objective on Cable One from $90.00 to $70.00 and set an "underweight" rating on the stock in a research note on Friday, May 1st. BNP Paribas Exane raised shares of Cable One from an "underperform" rating to a "neutral" rating and cut their price objective for the stock from $60.00 to $40.00 in a report on Tuesday, July 14th. Weiss Ratings lowered shares of Cable One from a "sell (d-)" rating to a "sell (e)" rating in a research note on Tuesday, August 11th. Finally, Williams Trading set a $86.00 target price on shares of Cable One in a report on Friday, August 7th.

Cable One Price Performance

Shares of NYSE CABO opened at $34.20 on Monday. Cable One has a fifty-two week low of $33.00 and a fifty-two week high of $180.74. The stock has a market cap of $193.91 million, a price-to-earnings ratio of -0.18 and a beta of 0.54. The company has a debt-to-equity ratio of 9.27, a quick ratio of 0.48 and a current ratio of 0.48. The firm's 50-day simple moving average is $42.14 and its 200 day simple moving average is $71.50.

Hedge Funds Weigh In On Cable One

Hedge funds have recently modified their holdings of the company. Wallace Capital Management Inc. purchased a new position in shares of Cable One in the 2nd quarter worth approximately $614,000. Man Group plc purchased a new stake in shares of Cable One during the second quarter valued at approximately $4,972,000. Hsbc Holdings PLC bought a new stake in Cable One during the second quarter worth $1,072,000. Canada Pension Plan Investment Board bought a new stake in Cable One during the second quarter worth $786,000. Finally, Legal & General Group Plc purchased a new position in Cable One in the second quarter worth $30,000. Institutional investors 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.

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