Cable One (NYSE:CABO – Get Free Report) had its price target lowered by equities researchers at BNP Paribas Exane from $40.00 to $13.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. BNP Paribas Exane’s target price indicates a potential upside of 11.24% from the company’s previous close.
A number of other equities analysts also recently commented on CABO. Williams Trading set a $86.00 price objective on Cable One in a report on Friday, August 7th. Zacks Research cut Cable One from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. Weiss Ratings downgraded shares of Cable One from a “sell (e+)” rating to a “sell (e)” rating in a research report on Wednesday, September 16th. Wall Street Zen downgraded shares of Cable One from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Finally, TD Cowen cut their price target on shares of Cable One from $111.00 to $86.00 and set a “hold” rating on the stock in a report on Friday, August 7th. Three research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $80.00.
Get Our Latest Analysis on Cable One
Cable One Trading Down 7.0%
Institutional Investors Weigh In On Cable One
Several institutional investors and hedge funds have recently made changes to their positions in the company. Hantz Financial Services Inc. boosted its stake in shares of Cable One by 138.4% in the 4th quarter. Hantz Financial Services Inc. now owns 608 shares of the company’s stock valued at $69,000 after purchasing an additional 353 shares in the last quarter. Legal & General Group Plc bought a new stake in shares of Cable One during the 2nd quarter valued at approximately $30,000. Integrated Wealth Concepts LLC acquired a new position in Cable One during the 2nd quarter worth approximately $34,000. Public Employees Retirement System of Ohio acquired a new position in Cable One during the 2nd quarter worth approximately $52,000. Finally, Fifth Third Bancorp lifted its stake in Cable One by 3,100.0% in the 1st quarter. Fifth Third Bancorp now owns 1,120 shares of the company’s stock valued at $102,000 after purchasing an additional 1,085 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.
About Cable One
Cable One, Inc is a broadband communications provider headquartered in Phoenix, Arizona. Through its Sparklight brand, the company delivers internet, video and voice services to residential customers, as well as broadband and communications solutions for businesses.
The company focuses primarily on serving smaller cities and rural communities. Its consumer offerings include high-speed internet, Wi-Fi services, traditional and digital video programming, and voice services. Cable One also provides business customers with internet access, data connectivity, phone services and other managed communications solutions.
Cable One traces its history to the cable television operations of The Washington Post Company and became an independent publicly traded company in 2015 following the separation of those assets from Graham Holdings Company.
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