Cable One (NYSE:CABO) Rating Lowered to “Sell” at Wall Street Zen

Cable One (NYSE:CABO) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Several other equities analysts also recently commented on the company. Zacks Research downgraded Cable One from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. TD Cowen lowered their target price on Cable One from $111.00 to $86.00 and set a “hold” rating on the stock in a research note on Friday, August 7th. BNP Paribas Exane raised Cable One from an “underperform” rating to a “neutral” rating and dropped their price target for the company from $60.00 to $40.00 in a research report on Tuesday, July 14th. Weiss Ratings lowered Cable One from a “sell (e+)” rating to a “sell (e)” rating in a report on Wednesday. Finally, Williams Trading set a $86.00 price objective on Cable One in a research note on Friday, August 7th. Three investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Cable One presently has an average rating of “Reduce” and a consensus target price of $85.40.

Cable One Trading Down 0.4%

Shares of Cable One stock opened at $17.30 on Friday. The firm has a market cap of $98.10 million, a PE ratio of -0.09 and a beta of 0.48. Cable One has a 1 year low of $16.99 and a 1 year high of $180.74. The company has a debt-to-equity ratio of 9.27, a current ratio of 0.48 and a quick ratio of 0.48. The stock has a fifty day moving average price of $31.59 and a 200-day moving average price of $58.44.

Hedge Funds Weigh In On Cable One

A number of institutional investors have recently added to or reduced their stakes in CABO. Legal & General Group Plc purchased a new position in shares of Cable One during the second quarter worth about $30,000. Integrated Wealth Concepts LLC purchased a new position in Cable One in the 2nd quarter worth approximately $34,000. Public Employees Retirement System of Ohio purchased a new position in Cable One in the 2nd quarter worth approximately $52,000. Hantz Financial Services Inc. increased its holdings in shares of Cable One by 138.4% in the 4th quarter. Hantz Financial Services Inc. now owns 608 shares of the company’s stock worth $69,000 after buying an additional 353 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in Cable One by 3,100.0% in the first quarter. Fifth Third Bancorp now owns 1,120 shares of the company’s stock worth $102,000 after acquiring an additional 1,085 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

Cable One Company Profile

Cable One, Inc is a broadband communications provider headquartered in Phoenix, Arizona. Through its Sparklight brand, the company delivers internet, video and voice services to residential customers, as well as broadband and communications solutions for businesses.

The company focuses primarily on serving smaller cities and rural communities. Its consumer offerings include high-speed internet, Wi-Fi services, traditional and digital video programming, and voice services. Cable One also provides business customers with internet access, data connectivity, phone services and other managed communications solutions.

Cable One traces its history to the cable television operations of The Washington Post Company and became an independent publicly traded company in 2015 following the separation of those assets from Graham Holdings Company.