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.

Cable One Price Performance

Shares of CABO traded up $25.57 during mid-day trading on Monday, hitting $1,395.01. The company's stock had a trading volume of 28,107 shares, compared to its average volume of 46,010. The firm has a 50-day moving average price of $1,324.99 and a 200 day moving average price of $1,366.23. The stock has a market capitalization of $8.20 billion, a price-to-earnings ratio of 24.10 and a beta of 0.69. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.68 and a quick ratio of 1.68. Cable One has a fifty-two week low of $1,049.81 and a fifty-two week high of $2,136.14.

Cable One Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Tuesday, May 31st were paid a $2.75 dividend. The ex-dividend date was Friday, May 27th. This represents a $11.00 annualized dividend and a dividend yield of 0.79%. Cable One's dividend payout ratio is currently 19.36%.

Analysts Set New Price Targets

Several equities analysts have commented on CABO shares. Wells Fargo & Company lowered their target price on shares of Cable One from $2,100.00 to $1,800.00 in a research note on Friday, May 6th. KeyCorp lowered their target price on shares of 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 raised their target price on shares of Cable One to $1,550.00 in a research note on Tuesday, August 9th. Finally, 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. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,745.83.

Insider Transactions at Cable One

In other news, SVP Eric Michael Lardy sold 530 shares of the business's stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $1,346.64, for a total transaction of $713,719.20. Following the sale, the senior vice president now owns 2,015 shares in the company, valued at $2,713,479.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Thomas Sinnickson Gayner purchased 50 shares of the business's stock in a transaction dated Wednesday, May 25th. The shares were acquired at an average price of $1,257.97 per share, for a total transaction of $62,898.50. Following the completion of the acquisition, the director now directly owns 7,469 shares of the company's stock, valued at $9,395,777.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Eric Michael Lardy sold 530 shares of the business's stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $1,346.64, for a total transaction of $713,719.20. Following the sale, the senior vice president now owns 2,015 shares in the company, valued at approximately $2,713,479.60. The disclosure for this sale can be found here. Insiders have sold a total of 1,037 shares of company stock valued at $1,373,959 over the last ninety days. Corporate insiders own 1.20% of the company's stock.