KeyCorp Trims Cable One (NYSE:CABO) Target Price to $881.00

Cable One (NYSE:CABO - Get Free Report) had its price target dropped by KeyCorp from $900.00 to $881.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. KeyCorp's price target would indicate a potential upside of 114.72% from the stock's previous close.

Several other brokerages have also weighed in on CABO. Moffett Nathanson raised Cable One from a "neutral" rating to a "buy" rating and set a $615.00 price objective for the company in a report on Tuesday, March 5th. Wells Fargo & Company decreased their price objective on Cable One from $550.00 to $460.00 and set an "underweight" rating for the company in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $639.80.

Cable One Stock Performance

Shares of Cable One stock traded down $0.90 during trading hours on Thursday, hitting $410.30. 70,970 shares of the company's stock traded hands, compared to its average volume of 84,598. Cable One has a 12-month low of $405.75 and a 12-month high of $768.75. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 9.33 and a beta of 0.80. The company has a fifty day simple moving average of $469.84 and a 200-day simple moving average of $535.50. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.69 and a quick ratio of 1.69.

Cable One (NYSE:CABO - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $10.66 earnings per share for the quarter, missing the consensus estimate of $12.86 by ($2.20). Cable One had a return on equity of 13.65% and a net margin of 15.94%. The firm had revenue of $411.82 million during the quarter, compared to analysts' expectations of $417.66 million. Equities research analysts anticipate that Cable One will post 43.36 EPS for the current fiscal year.

Insider Buying and Selling at Cable One

In other news, insider Christopher D. Boone sold 204 shares of Cable One stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $460.00, for a total transaction of $93,840.00. Following the completion of the sale, the insider now owns 1,854 shares in the company, valued at approximately $852,840. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company's stock.

Institutional Trading of Cable One

A number of large investors have recently modified their holdings of CABO. Bfsg LLC bought a new stake in Cable One in the 4th quarter worth approximately $28,000. Spire Wealth Management bought a new stake in Cable One in the 4th quarter worth approximately $46,000. KBC Group NV lifted its position in Cable One by 987.5% in the 4th quarter. KBC Group NV now owns 87 shares of the company's stock worth $49,000 after buying an additional 79 shares during the last quarter. Principal Securities Inc. bought a new stake in Cable One in the 4th quarter worth approximately $53,000. Finally, 1832 Asset Management L.P. bought a new stake in Cable One in the 1st quarter worth approximately $58,000. Institutional investors own 89.92% of the company's stock.

About Cable One

Cable One, Inc, together with its subsidiaries, provides data, video, and voice services in the United States. The company offers residential data services, a service to enhance Wi-Fi signal throughout the home. It also provides various residential video services from basic video service to digital services with access to hundreds of channels; and provides a cloud-based DVR feature that does not require the use of a set-top boxes.