KeyCorp Cuts Cable One (NYSE:CABO) Price Target to $650.00

Cable One (NYSE:CABO) had its price target decreased by analysts at KeyCorp from $825.00 to $650.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s target price suggests a potential upside of 143.01% from the company’s previous close.

Separately, JPMorgan Chase & Co. lowered their price objective on shares of Cable One from $480.00 to $470.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $508.20.

Cable One Stock Up 0.3 %

Shares of CABO traded up $0.83 during trading hours on Friday, reaching $267.48. 18,160 shares of the stock traded hands, compared to its average volume of 121,580. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 6.17 and a beta of 0.89. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84. Cable One has a 52 week low of $250.08 and a 52 week high of $475.00. The stock has a fifty day simple moving average of $322.08 and a 200 day simple moving average of $350.59.

Hedge Funds Weigh In On Cable One

Several hedge funds and other institutional investors have recently bought and sold shares of CABO. Speece Thorson Capital Group Inc. lifted its stake in shares of Cable One by 24.6% in the 3rd quarter. Speece Thorson Capital Group Inc. now owns 27,348 shares of the company’s stock worth $9,566,000 after purchasing an additional 5,394 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of Cable One by 116.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 4,497 shares of the company’s stock worth $1,573,000 after purchasing an additional 2,419 shares during the period. Kingsview Wealth Management LLC lifted its stake in shares of Cable One by 5.8% in the 4th quarter. Kingsview Wealth Management LLC now owns 23,660 shares of the company’s stock worth $8,568,000 after purchasing an additional 1,297 shares during the period. MetLife Investment Management LLC lifted its stake in shares of Cable One by 129.0% in the 3rd quarter. MetLife Investment Management LLC now owns 3,259 shares of the company’s stock worth $1,140,000 after purchasing an additional 1,836 shares during the period. Finally, Private Management Group Inc. lifted its stake in shares of Cable One by 2.1% in the 3rd quarter. Private Management Group Inc. now owns 115,999 shares of the company’s stock worth $40,575,000 after purchasing an additional 2,358 shares during the period. Institutional investors own 89.92% of the company’s stock.

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.