Wells Fargo & Company Has Lowered Expectations for Cable One (NYSE:CABO) Stock Price

Cable One (NYSE:CABO) had its target price decreased by equities research analysts at Wells Fargo & Company from $340.00 to $240.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential downside of 5.27% from the company’s previous close.

CABO has been the topic of a number of other research reports. JPMorgan Chase & Co. decreased their target price on shares of Cable One from $480.00 to $470.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. KeyCorp dropped their target price on Cable One from $825.00 to $650.00 and set an “overweight” rating for the company in a research report on Friday. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $486.20.

Cable One Price Performance

Cable One stock traded down $13.31 during midday trading on Friday, reaching $253.35. The company’s stock had a trading volume of 89,364 shares, compared to its average volume of 123,406. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84. The stock has a market cap of $1.42 billion, a PE ratio of 5.85 and a beta of 0.89. Cable One has a 52 week low of $250.08 and a 52 week high of $475.00. The business has a 50-day moving average price of $322.08 and a 200-day moving average price of $350.59.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. AlphaQuest LLC acquired a new stake in shares of Cable One in the fourth quarter valued at about $49,000. Sound Income Strategies LLC acquired a new stake in Cable One during the 4th quarter valued at approximately $50,000. KBC Group NV increased its position in Cable One by 45.5% during the 3rd quarter. KBC Group NV now owns 160 shares of the company’s stock valued at $56,000 after purchasing an additional 50 shares during the period. Federated Hermes Inc. lifted its position in shares of Cable One by 201.8% in the 4th quarter. Federated Hermes Inc. now owns 166 shares of the company’s stock worth $60,000 after purchasing an additional 111 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Cable One by 20.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company’s stock valued at $60,000 after purchasing an additional 29 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

About Cable One

Cable One, Inc, together with its subsidiaries, provides data, video, and voice services in the United States. The company offers residential data services, a service to enhance Wi-Fi signal throughout the home. It also provides various residential video services from basic video service to digital services with access to hundreds of channels; and provides a cloud-based DVR feature that does not require the use of a set-top boxes.