Cable One (NYSE:CABO) Rating Increased to Neutral at BNP Paribas Exane

BNP Paribas Exane upgraded shares of Cable One (NYSE:CABO) from an underperform rating to a neutral rating in a research note published on Tuesday morning, MarketBeat reports. The firm currently has $40.00 price target on the stock, down from their previous price target of $60.00.

Several other research firms have also weighed in on CABO. Wells Fargo & Company dropped their price objective on shares of Cable One from $90.00 to $70.00 and set an “underweight” rating for the company in a report on Friday, May 1st. TD Cowen reduced their target price on Cable One from $142.00 to $111.00 and set a “hold” rating on the stock in a report on Friday, May 1st. Weiss Ratings restated a “sell (d-)” rating on shares of Cable One in a research report on Monday, April 20th. Finally, Zacks Research upgraded Cable One from a “strong sell” rating to a “hold” rating in a research report on Friday, July 3rd. Four investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Cable One has an average rating of “Reduce” and an average target price of $91.50.

Cable One Price Performance

Shares of CABO stock opened at $43.12 on Tuesday. The stock’s fifty day simple moving average is $47.78 and its 200 day simple moving average is $81.07. Cable One has a one year low of $33.38 and a one year high of $180.74. The firm has a market cap of $244.59 million, a price-to-earnings ratio of -0.74 and a beta of 0.53. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.75 and a quick ratio of 1.75.

Cable One (NYSE:CABO) last issued its earnings results on Thursday, April 30th. The company reported $6.12 EPS for the quarter, missing the consensus estimate of $7.77 by ($1.65). The firm had revenue of $352.96 million during the quarter, compared to analyst estimates of $359.59 million. Cable One had a negative net margin of 21.94% and a positive return on equity of 5.36%. On average, analysts expect that Cable One will post 29.89 earnings per share for the current fiscal year.

Institutional Trading of Cable One

Hedge funds have recently modified their holdings of the stock. Nordea Investment Management AB increased its holdings in shares of Cable One by 31.7% during the fourth quarter. Nordea Investment Management AB now owns 72,159 shares of the company’s stock worth $8,316,000 after purchasing an additional 17,353 shares during the period. Goldentree Asset Management LP bought a new stake in shares of Cable One in the third quarter valued at approximately $13,033,000. Caprock Group LLC grew its position in Cable One by 107.2% during the fourth quarter. Caprock Group LLC now owns 21,860 shares of the company’s stock worth $2,467,000 after buying an additional 11,310 shares in the last quarter. SG Americas Securities LLC grew its position in Cable One by 129.7% during the fourth quarter. SG Americas Securities LLC now owns 10,123 shares of the company’s stock worth $1,142,000 after buying an additional 5,716 shares in the last quarter. Finally, Lee Danner & Bass Inc. increased its stake in Cable One by 218.7% during the 1st quarter. Lee Danner & Bass Inc. now owns 21,350 shares of the company’s stock worth $1,947,000 after acquiring an additional 14,650 shares during the period. 89.92% of the stock is owned by institutional investors.

About Cable One

Cable One, Inc (NYSE:CABO) is an American provider of broadband communications services, offering a suite of residential and business solutions over a hybrid fiber-coaxial network. The company delivers high-speed internet access, digital video, voice communications and mobile services, alongside advanced managed Wi-Fi and cybersecurity tools. Cable One’s infrastructure supports both traditional cable offerings and converged IP-based platforms designed to meet evolving customer needs.

In addition to consumer-focused services, Cable One caters to small and medium-sized enterprises with dedicated business-class connectivity, Ethernet solutions and cloud-based voice applications.