Cable One Inc. (CABO) Given Average Recommendation of “Hold” by Brokerages
Shares of Cable One Inc. (NYSE:CABO) have been given a consensus broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating.
Brokerages have set a 12 month consensus target price of $532.00 for the company and are anticipating that the company will post $4.94 earnings per share for the current quarter, according to Zacks. Zacks has also given Cable One an industry rank of 74 out of 265 based on the ratings given to its competitors.
Several equities research analysts have issued reports on CABO shares. TheStreet started coverage on shares of Cable One in a research report on Wednesday, July 13th. They set a “hold” rating for the company. Zacks Investment Research downgraded shares of Cable One from a “buy” rating to a “hold” rating in a research report on Tuesday, October 11th.
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Several large investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc increased its stake in Cable One by 1.8% in the second quarter. Legal & General Group Plc now owns 507 shares of the company’s stock worth $259,000 after buying an additional 9 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in Cable One by 3.6% in the second quarter. Ameritas Investment Partners Inc. now owns 690 shares of the company’s stock worth $353,000 after buying an additional 24 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Cable One by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 1,524 shares of the company’s stock worth $890,000 after buying an additional 30 shares during the last quarter. Public Employees Retirement Association of Colorado increased its stake in Cable One by 3.2% in the second quarter. Public Employees Retirement Association of Colorado now owns 1,244 shares of the company’s stock worth $636,000 after buying an additional 39 shares during the last quarter. Finally, Comerica Bank increased its stake in Cable One by 1.6% in the second quarter. Comerica Bank now owns 3,050 shares of the company’s stock worth $1,591,000 after buying an additional 48 shares during the last quarter. Institutional investors own 69.43% of the company’s stock.
Cable One (NYSE:CABO) traded up 0.23% on Wednesday, reaching $581.00. The company’s stock had a trading volume of 10,868 shares. The firm has a market cap of $3.32 billion, a P/E ratio of 34.18 and a beta of 0.28. Cable One has a 12 month low of $390.00 and a 12 month high of $601.01. The firm’s 50 day moving average is $568.49 and its 200-day moving average is $516.16.
Cable One (NYSE:CABO) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $4.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.43 by $0.19. The firm earned $204.56 million during the quarter, compared to the consensus estimate of $202.03 million. Cable One had a net margin of 12.26% and a return on equity of 23.07%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the business posted $3.67 earnings per share. On average, equities research analysts anticipate that Cable One will post $19.68 EPS for the current year.
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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