Cable One, Inc. (NYSE:CABO) Stock Has Consensus Price Target of $80.00

Key Points

• Analysts are bearish on Cable One: Six analysts give the stock a consensus “Reduce” rating, including three sells and three holds, with an average 12-month price target of $80.00.
• Recent coverage included downgrades from Wall Street Zen and Zacks Research, while TD Cowen cut its price target from $111 to $86 and maintained a hold rating.
• Institutional investors own 89.92% of the company, although Cable One shares opened at $11.23 and have traded between $9.90 and $180.74 over the past year; the company also carries substantial leverage with a debt-to-equity ratio of 9.27.

Cable One, Inc. (NYSE:CABO - Get Free Report) has been given an average rating of "Reduce" by the six analysts that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $80.00.

CABO has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of Cable One from a "hold" rating to a "sell" rating in a research report on Saturday, September 19th. Weiss Ratings upgraded Cable One from a "sell (e)" rating to a "sell (e+)" rating in a research report on Friday. Zacks Research downgraded Cable One from a "hold" rating to a "strong sell" rating in a research note on Friday, August 7th. TD Cowen reduced their price target on 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 price target on Cable One in a research note on Friday, August 7th.

Institutional Trading of Cable One

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc purchased a new stake in shares of Cable One during the 2nd quarter worth approximately $30,000. Integrated Wealth Concepts LLC purchased a new position in Cable One in the 2nd quarter valued at approximately $34,000. Public Employees Retirement System of Ohio acquired a new position in Cable One during the second quarter worth $52,000. Fifth Third Bancorp raised its holdings in Cable One by 3,100.0% during the first quarter. Fifth Third Bancorp now owns 1,120 shares of the company's stock worth $102,000 after purchasing an additional 1,085 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in Cable One during the second quarter worth $113,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Cable One Stock Performance

Shares of CABO opened at $11.23 on Tuesday. The stock has a market capitalization of $63.69 million, a P/E ratio of -0.06 and a beta of 0.52. The company has a debt-to-equity ratio of 9.27, a quick ratio of 0.48 and a current ratio of 0.48. Cable One has a 1 year low of $9.90 and a 1 year high of $180.74. The company's fifty day moving average is $25.92 and its two-hundred day moving average is $50.97.

About Cable One

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.

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.