Cable One, Inc. (NYSE:CABO) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday. The brokerage currently has a $787.00 price target on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 17.46% from the company’s current price.
According to Zacks, “Cable One, Inc. is a cable company. The Company provides internet, cable television and telephone service primarily in the United States. Cable One, Inc. is based in Phoenix, United States. “
CABO has been the subject of a number of other reports. BidaskClub raised shares of Cable One from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Raymond James Financial, Inc. boosted their target price on shares of Cable One from $785.00 to $815.00 and gave the company an “outperform” rating in a research note on Wednesday, August 9th. Wells Fargo & Company reissued a “market perform” rating and set a $700.00 target price (down from $761.00) on shares of Cable One in a research note on Monday. J P Morgan Chase & Co lowered shares of Cable One from a “neutral” rating to an “underweight” rating in a research note on Monday. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $815.00 price target on shares of Cable One in a research note on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Cable One presently has an average rating of “Hold” and a consensus target price of $705.00.
Cable One (NYSE:CABO) opened at $670.00 on Monday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market cap of $3,840.75, a PE ratio of 32.73, a price-to-earnings-growth ratio of 10.06 and a beta of 0.24. Cable One has a one year low of $564.26 and a one year high of $788.00.
Cable One (NYSE:CABO) last posted its earnings results on Wednesday, November 8th. The company reported $5.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.20 by $0.28. The firm had revenue of $253.85 million during the quarter, compared to analyst estimates of $255.68 million. Cable One had a net margin of 12.95% and a return on equity of 23.97%. Cable One’s revenue was up 23.5% on a year-over-year basis. During the same period in the previous year, the business posted $3.63 EPS. equities research analysts predict that Cable One will post 22.2 earnings per share for the current fiscal year.
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In other Cable One news, CFO Kevin P. Coyle sold 450 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $740.91, for a total value of $333,409.50. Following the transaction, the chief financial officer now owns 4,440 shares in the company, valued at approximately $3,289,640.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Michael E. Bowker sold 1,244 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $740.59, for a total transaction of $921,293.96. Following the completion of the transaction, the chief operating officer now owns 7,104 shares in the company, valued at approximately $5,261,151.36. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Blair William & Co. IL boosted its holdings in shares of Cable One by 0.3% during the 2nd quarter. Blair William & Co. IL now owns 1,036 shares of the company’s stock worth $736,000 after buying an additional 3 shares during the period. World Asset Management Inc boosted its holdings in Cable One by 4.3% in the 2nd quarter. World Asset Management Inc now owns 338 shares of the company’s stock valued at $240,000 after purchasing an additional 14 shares during the period. Sei Investments Co. boosted its holdings in Cable One by 3.1% in the 2nd quarter. Sei Investments Co. now owns 638 shares of the company’s stock valued at $453,000 after purchasing an additional 19 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Cable One by 3.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 594 shares of the company’s stock valued at $422,000 after purchasing an additional 21 shares during the period. Finally, Texas Permanent School Fund boosted its holdings in Cable One by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 3,424 shares of the company’s stock valued at $2,434,000 after purchasing an additional 28 shares during the period. Institutional investors own 70.35% of the company’s stock.
About Cable One
Cable One, Inc is a provider of data, video and voice services. The Company offers products, including Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. As of May 1, 2017, the Company provided data, video and voice services in 21 Western, Midwestern and Southern states.
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