Press coverage about Cable One (NYSE:CABO) has been trending somewhat positive on Wednesday, according to Accern. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cable One earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.6594607983823 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
A number of research firms have recently issued reports on CABO. Zacks Investment Research upgraded shares of Cable One from a “hold” rating to a “buy” rating and set a $781.00 target price for the company in a research note on Tuesday, March 6th. Wells Fargo & Co reiterated a “market perform” rating and issued a $741.00 target price (up previously from $700.00) on shares of Cable One in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Cable One currently has a consensus rating of “Hold” and a consensus target price of $788.00.
Cable One (NYSE:CABO) opened at $714.14 on Wednesday. Cable One has a one year low of $616.06 and a one year high of $788.00. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 1.73. The stock has a market cap of $4,140.00 and a P/E ratio of 33.91.
The company also recently announced a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Tuesday, February 20th were paid a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, February 16th. Cable One’s dividend payout ratio (DPR) is currently 33.24%.
In related news, Chairman Thomas O. Might sold 2,793 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $676.44, for a total value of $1,889,296.92. Following the completion of the transaction, the chairman now owns 37,702 shares in the company, valued at approximately $25,503,140.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas O. Might sold 2,823 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $726.54, for a total transaction of $2,051,022.42. Following the completion of the transaction, the director now owns 15,140 shares of the company’s stock, valued at approximately $10,999,815.60. The disclosure for this sale can be found here. Insiders sold 11,904 shares of company stock valued at $8,223,705 in the last quarter. 1.30% of the stock is currently owned by corporate insiders.
Cable One Company Profile
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.
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