Cable One (NYSE:CABO)‘s stock had its “market perform” rating reiterated by research analysts at Wells Fargo & Co in a research report issued on Thursday, The Fly reports. They currently have a $741.00 price objective on the stock, up from their prior price objective of $700.00. Wells Fargo & Co’s price objective would suggest a potential upside of 4.78% from the stock’s current price.

A number of other research firms have also commented on CABO. BidaskClub lowered Cable One from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 14th. Zacks Investment Research raised Cable One from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. SunTrust Banks reaffirmed a “buy” rating and set a $815.00 price target on shares of Cable One in a research report on Friday, November 10th. Finally, JPMorgan Chase & Co. downgraded Cable One from a “neutral” rating to an “underweight” rating in a report on Monday, November 13th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $713.20.

Cable One (NYSE CABO) opened at $707.17 on Thursday. Cable One has a fifty-two week low of $564.26 and a fifty-two week high of $788.00. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 2.21. The stock has a market capitalization of $4,057.78, a PE ratio of 34.53, a PEG ratio of 9.58 and a beta of 0.20.

Cable One (NYSE:CABO) last released its earnings results on Wednesday, November 8th. The company reported $5.48 earnings per share for the quarter, beating analysts’ consensus estimates of $5.20 by $0.28. Cable One had a return on equity of 23.97% and a net margin of 12.95%. The company had revenue of $253.85 million during the quarter, compared to analyst estimates of $255.68 million. During the same quarter in the previous year, the company posted $3.63 EPS. Cable One’s revenue for the quarter was up 23.5% on a year-over-year basis. research analysts anticipate that Cable One will post 22.14 earnings per share for the current fiscal year.

In related news, insider Thomas O. Might sold 6,288 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $681.20, for a total value of $4,283,385.60. Following the sale, the insider now owns 37,702 shares in the company, valued at approximately $25,682,602.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Thomas O. Might sold 2,793 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $676.44, for a total value of $1,889,296.92. Following the completion of the sale, the chairman now owns 37,702 shares in the company, valued at approximately $25,503,140.88. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of CABO. Victory Capital Management Inc. lifted its holdings in shares of Cable One by 28.3% during the 2nd quarter. Victory Capital Management Inc. now owns 163 shares of the company’s stock valued at $116,000 after buying an additional 36 shares during the period. Quantbot Technologies LP bought a new position in shares of Cable One during the 1st quarter valued at $115,000. US Bancorp DE lifted its holdings in shares of Cable One by 2.6% during the 3rd quarter. US Bancorp DE now owns 198 shares of the company’s stock valued at $116,000 after buying an additional 5 shares during the period. LS Investment Advisors LLC lifted its holdings in shares of Cable One by 67.7% during the 2nd quarter. LS Investment Advisors LLC now owns 265 shares of the company’s stock valued at $136,000 after buying an additional 107 shares during the period. Finally, Palisade Asset Management LLC bought a new position in shares of Cable One during the 3rd quarter valued at $202,000. Institutional investors own 73.10% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This story was originally posted by American Banking News and is the property of of American Banking News. If you are reading this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright laws. The legal version of this story can be viewed at https://www.americanbankingnews.com/2018/01/04/cable-one-cabo-receives-market-perform-rating-from-wells-fargo-co.html.

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.

The Fly

Analyst Recommendations for Cable One (NYSE:CABO)

Receive News & Ratings for Cable One Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cable One and related companies with MarketBeat.com's FREE daily email newsletter.