BNP Paribas Exane Cuts Cable One (NYSE:CABO) Price Target to $13.00

Cable One (NYSE:CABO) had its target price trimmed by BNP Paribas Exane from $40.00 to $13.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities analysts also recently issued research reports about the stock. Williams Trading set a $86.00 price objective on shares of Cable One in a research report on Friday, August 7th. Weiss Ratings cut shares of Cable One from a “sell (e+)” rating to a “sell (e)” rating in a 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. Zacks Research lowered Cable One from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. Finally, TD Cowen cut their target price on Cable One from $111.00 to $86.00 and set a “hold” rating for the company in a research note on Friday, August 7th. Three analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $80.00.

Cable One Price Performance

Cable One stock opened at $10.37 on Tuesday. Cable One has a 12 month low of $9.90 and a 12 month high of $180.74. The company has a debt-to-equity ratio of 9.27, a current ratio of 0.48 and a quick ratio of 0.48. The business has a 50 day simple moving average of $26.99 and a 200-day simple moving average of $52.32. The stock has a market capitalization of $58.80 million, a PE ratio of -0.06 and a beta of 0.53.

Institutional Investors Weigh In On Cable One

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Hantz Financial Services Inc. raised its stake in 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 during the last quarter. Legal & General Group Plc acquired a new stake in shares of Cable One during the 2nd quarter worth about $30,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Cable One during the second quarter worth about $34,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Cable One during the second quarter worth about $52,000. Finally, Fifth Third Bancorp lifted its stake in shares of Cable One by 3,100.0% during the first quarter. Fifth Third Bancorp now owns 1,120 shares of the company’s stock valued at $102,000 after buying an additional 1,085 shares during the period. 89.92% of the stock is currently 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.