Cable One (NYSE:CABO) Lifted to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Cable One (NYSE:CABO) from a hold rating to a buy rating in a research report released on Tuesday morning, Zacks.com reports. Zacks Investment Research currently has $1,414.00 price objective on the stock.

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. “

CABO has been the topic of several other reports. Wolfe Research upgraded Cable One from an underperform rating to a peer perform rating in a report on Tuesday, July 23rd. Stephens assumed coverage on shares of Cable One in a report on Wednesday, June 26th. They set an equal weight rating and a $1,200.00 target price on the stock. KeyCorp restated an overweight rating and set a $1,482.00 target price (up previously from $1,316.00) on shares of Cable One in a report on Wednesday, September 4th. B. Riley set a $1,400.00 target price on shares of Cable One and gave the company a buy rating in a report on Thursday, August 29th. Finally, ValuEngine lowered shares of Cable One from a buy rating to a hold rating in a report on Wednesday, October 2nd. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Cable One presently has a consensus rating of Hold and an average price target of $1,303.20.



NYSE:CABO opened at $1,285.31 on Tuesday. The firm has a market capitalization of $7.30 billion, a price-to-earnings ratio of 44.68 and a beta of 0.40. Cable One has a 1 year low of $767.15 and a 1 year high of $1,321.49. The business has a 50 day simple moving average of $1,268.63 and a 200-day simple moving average of $1,166.60. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.09 and a quick ratio of 1.09.

Cable One (NYSE:CABO) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $6.35 earnings per share for the quarter, missing the consensus estimate of $7.76 by ($1.41). Cable One had a return on equity of 21.26% and a net margin of 14.10%. The business had revenue of $285.70 million during the quarter, compared to analysts’ expectations of $283.61 million. During the same quarter in the previous year, the company posted $7.65 earnings per share. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, analysts expect that Cable One will post 30.03 earnings per share for the current fiscal year.

In other Cable One news, CEO Julia M. Laulis sold 662 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $1,255.32, for a total value of $831,021.84. Following the transaction, the chief executive officer now owns 2,899 shares in the company, valued at approximately $3,639,172.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Michael E. Bowker sold 300 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,246.80, for a total transaction of $374,040.00. Following the completion of the transaction, the chief operating officer now owns 1,718 shares in the company, valued at approximately $2,142,002.40. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

A number of hedge funds have recently modified their holdings of CABO. Advisory Services Network LLC lifted its holdings in Cable One by 450.0% in the 2nd quarter. Advisory Services Network LLC now owns 22 shares of the company’s stock worth $26,000 after buying an additional 18 shares in the last quarter. Machina Capital S.A.S. purchased a new stake in shares of Cable One in the second quarter worth approximately $35,000. Atria Investments LLC purchased a new stake in shares of Cable One in the second quarter worth approximately $175,000. NEXT Financial Group Inc purchased a new stake in shares of Cable One in the second quarter worth approximately $180,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Cable One by 7.0% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 168 shares of the company’s stock worth $197,000 after buying an additional 11 shares during the period. Hedge funds and other institutional investors own 80.81% of the company’s stock.

About Cable One

Cable One, Inc owns and operates cable systems that provide data, video, and voice services. The company offers residential data services, including WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home. It also provides residential video services, such as local networks; local community programming that includes governmental and public access; and other channels, which comprise weather, shopping, and religious channels, as well as digital video services, including national and regional cable networks, music channels, and an interactive electronic programming guide with parental controls.

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