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

Key Points

• Analysts have a bearish-to-neutral view of Cable One: six firms collectively rate the stock “Reduce,” with three sells and three holds. The average 12-month price target is $85.40.
• Recent research actions included target-price cuts from BNP Paribas Exane and TD Cowen, while Zacks Research downgraded the stock to “strong sell.”
• Cable One shares opened at $21.52, near their 52-week low of $20.71 and sharply below the 52-week high of $180.74; institutional investors own approximately 89.92% of the company.

Cable One, Inc. (NYSE:CABO - Get Free Report) has received a consensus recommendation of "Reduce" from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $85.40.

Several research firms have commented on CABO. BNP Paribas Exane upgraded Cable One from an "underperform" rating to a "neutral" rating and lowered their price target for the company from $60.00 to $40.00 in a report on Tuesday, July 14th. Zacks Research lowered shares of Cable One from a "hold" rating to a "strong sell" rating in a report on Friday, August 7th. Weiss Ratings raised shares of Cable One from a "sell (e)" rating to a "sell (e+)" rating in a research report on Wednesday, August 26th. TD Cowen lowered their target price on shares of Cable One from $111.00 to $86.00 and set a "hold" rating for the company in a report on Friday, August 7th. Finally, Williams Trading set a $86.00 target price on shares of Cable One in a report on Friday, August 7th.

Institutional Trading of Cable One

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Man Group plc purchased a new position in Cable One in the second quarter valued at about $4,972,000. Private Management Group Inc. increased its holdings in Cable One by 55.1% during the 2nd 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. Pacer Advisors Inc. purchased a new stake in Cable One during the 1st quarter worth approximately $3,395,000. Lee Danner & Bass Inc. raised its position in shares of Cable One by 218.7% in the 1st quarter. Lee Danner & Bass Inc. now owns 21,350 shares of the company's stock valued at $1,947,000 after purchasing an additional 14,650 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new position in shares of Cable One during the 2nd quarter valued at approximately $1,072,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Cable One Price Performance

Shares of NYSE:CABO opened at $21.52 on Friday. The company has a market cap of $122.02 million, a P/E ratio of -0.12 and a beta of 0.48. The business has a fifty day simple moving average of $34.32 and a 200-day simple moving average of $61.68. Cable One has a 52 week low of $20.71 and a 52 week high of $180.74. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 9.27.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.