KeyCorp Initiates Coverage on Cable One (CABO)

Research analysts at KeyCorp assumed coverage on shares of Cable One (NYSE:CABO) in a research report issued on Wednesday, Marketbeat Ratings reports. The firm set an “equal weight” rating on the stock.

A number of other analysts also recently issued reports on CABO. Zacks Investment Research downgraded shares of Cable One from a “strong-buy” rating to a “hold” rating in a report on Monday, May 7th. ValuEngine downgraded shares of Cable One from a “hold” rating to a “sell” rating in a report on Friday, April 27th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Cable One currently has a consensus rating of “Hold” and a consensus price target of $779.75.

Shares of Cable One opened at $660.01 on Wednesday, according to Marketbeat. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 1.65. The stock has a market cap of $3.88 billion, a PE ratio of 31.89, a P/E/G ratio of 7.24 and a beta of 0.24. Cable One has a 52-week low of $680.87 and a 52-week high of $690.76.

Cable One (NYSE:CABO) last announced its quarterly earnings results on Wednesday, May 9th. The company reported $7.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.68 by $0.40. The firm had revenue of $265.76 million for the quarter, compared to the consensus estimate of $258.47 million. Cable One had a net margin of 23.95% and a return on equity of 22.33%. The business’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter last year, the firm posted $5.60 EPS. equities research analysts forecast that Cable One will post 31.21 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its holdings in shares of Cable One by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 38,778 shares of the company’s stock worth $27,274,000 after buying an additional 1,108 shares during the last quarter. Two Sigma Securities LLC purchased a new position in shares of Cable One in the fourth quarter worth approximately $536,000. Tower Research Capital LLC TRC boosted its holdings in shares of Cable One by 236.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 451 shares of the company’s stock worth $317,000 after buying an additional 317 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Cable One by 4.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 26,236 shares of the company’s stock worth $18,454,000 after buying an additional 1,100 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Cable One by 2.7% in the fourth quarter. Swiss National Bank now owns 7,477 shares of the company’s stock worth $5,259,000 after buying an additional 200 shares during the last quarter. 75.57% of the stock is currently owned by institutional investors.

Cable One Company Profile

Cable One, Inc owns and operates cable systems that provide data, video, and voice services in the United States. The company offers data services, including home.cableone.net, an Internet portal that provides various email addresses; and WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home.

Analyst Recommendations for Cable One (NYSE:CABO)

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