Cable One - CABO Stock Forecast, Price & News

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 residential video services, such as local networks; local community programming that includes governmental and public access; and other channels, as well as digital video services, including national and regional cable networks, music channels, and an interactive and electronic programming guide with parental controls. In addition, the company offers premium channels that offer movies, original programming, live sporting events, and concerts and other features; and advanced video services, such as whole-home DVRs and high-definition set-top boxes, as well as TV Everywhere product, which enables its video customers to stream various channels and shows to mobile devices and computers. Further, it provides residential voice services comprising local and long-distance calling, voicemail, call waiting, three-way calling, caller ID, anonymous call rejection, and other features, as well as international calling by the minute services. Additionally, the company offers data, voice, and video products to business customers, including small to mid-markets, enterprises, and wholesale and carrier customers. As of December 31, 2021, it served approximately 1.2 million residential and business customers in 24 states through its Sparklight, Fidelity, and Clearwave brands. Cable One, Inc. was incorporated in 1980 and is headquartered in Phoenix, Arizona.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CABO. Truist Financial raised their target price on shares of Cable One from $1,400.00 to $1,600.00 and gave the company a "buy" rating in a research note on Friday, June 10th. KeyCorp reduced their target price on Cable One from $1,896.00 to $1,725.00 and set an "overweight" rating on the stock in a research note on Friday, August 5th. Cowen lifted their price target on Cable One to $1,550.00 in a research note on Tuesday. Finally, Wells Fargo & Company reduced their price objective on Cable One from $2,100.00 to $1,800.00 in a research report on Friday, May 6th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Cable One presently has a consensus rating of "Moderate Buy" and an average price target of $1,745.83.

Cable One Trading Up 3.4 %

CABO traded up $44.31 on Wednesday, hitting $1,363.00. 981 shares of the company were exchanged, compared to its average volume of 46,529. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.87 and a current ratio of 1.68. The firm has a fifty day simple moving average of $1,320.73 and a two-hundred day simple moving average of $1,369.99. The stock has a market capitalization of $8.17 billion, a PE ratio of 23.20 and a beta of 0.69. Cable One has a 12 month low of $1,049.81 and a 12 month high of $2,136.14.

Cable One Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Tuesday, May 31st were issued a $2.75 dividend. This represents a $11.00 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend was Friday, May 27th. Cable One's dividend payout ratio is 19.36%.

Insider Buying and Selling

In other news, Director Thomas Sinnickson Gayner purchased 50 shares of the business's stock in a transaction on Wednesday, May 25th. The shares were acquired at an average price of $1,257.97 per share, with a total value of $62,898.50. Following the acquisition, the director now directly owns 7,469 shares in the company, valued at $9,395,777.93. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Christopher D. Boone sold 131 shares of the company's stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $1,280.00, for a total transaction of $167,680.00. Following the completion of the transaction, the insider now owns 1,047 shares in the company, valued at $1,340,160. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Thomas Sinnickson Gayner purchased 50 shares of the business's stock in a transaction that occurred on Wednesday, May 25th. The stock was bought at an average price of $1,257.97 per share, for a total transaction of $62,898.50. Following the acquisition, the director now owns 7,469 shares of the company's stock, valued at $9,395,777.93. The disclosure for this purchase can be found here. 1.20% of the stock is owned by insiders.