Cable One Inc. (NYSE:CABO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

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. “

Separately, TheStreet initiated coverage on shares of Cable One in a report on Wednesday, July 13th. They issued a “hold” rating for the company.

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Cable One (NYSE:CABO) traded down 2.37% during midday trading on Tuesday, reaching $584.80. 67,455 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $561.47 and its 200 day moving average is $510.59. Cable One has a 52 week low of $390.00 and a 52 week high of $601.01. The firm has a market capitalization of $3.35 billion, a P/E ratio of 34.40 and a beta of 0.28.

Cable One (NYSE:CABO) last released its earnings results on Wednesday, August 3rd. The company reported $4.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.43 by $0.19. Cable One had a net margin of 12.26% and a return on equity of 23.07%. The firm earned $204.56 million during the quarter, compared to the consensus estimate of $202.03 million. During the same period in the previous year, the firm earned $3.67 earnings per share. Cable One’s revenue was up .9% compared to the same quarter last year. On average, analysts expect that Cable One will post $19.68 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in CABO. LS Investment Advisors LLC increased its stake in Cable One by 67.7% in the second quarter. LS Investment Advisors LLC now owns 265 shares of the company’s stock valued at $136,000 after buying an additional 107 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Cable One during the second quarter valued at about $169,000. Savant Capital LLC acquired a new stake in Cable One during the second quarter valued at about $215,000. Shelton Capital Management acquired a new stake in Cable One during the second quarter valued at about $215,000. Finally, Jefferies Group LLC acquired a new stake in Cable One during the second quarter valued at about $219,000. Institutional investors own 69.46% of the company’s stock.

Cable One Company Profile

Cable One, Inc is a provider of data, video and voice services in approximately 20 Western, Midwestern and Southern states. The Company’s products include Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. It provides these broadband services to residential and business customers in approximately 40 cable systems covering over 400 cities and towns.

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