KeyCorp Has Lowered Expectations for Cable One (NYSE:CABO) Stock Price

Cable One (NYSE:CABO) had its price target reduced by research analysts at KeyCorp from $825.00 to $650.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s target price points to a potential upside of 149.83% from the stock’s previous close.

Separately, JPMorgan Chase & Co. dropped their price target on 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 issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $486.20.

Cable One Price Performance

Shares of Cable One stock opened at $260.18 on Friday. Cable One has a 1-year low of $250.08 and a 1-year high of $475.00. The firm’s 50-day moving average price is $319.90 and its two-hundred day moving average price is $349.54. 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 capitalization of $1.46 billion, a price-to-earnings ratio of 6.02 and a beta of 0.89.

Institutional Trading of Cable One

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. AlphaQuest LLC acquired a new position in Cable One during the 4th quarter worth $49,000. Sound Income Strategies LLC bought a new stake in shares of Cable One during the fourth quarter worth $50,000. KBC Group NV lifted its stake in shares of Cable One by 45.5% during the third quarter. KBC Group NV now owns 160 shares of the company’s stock valued at $56,000 after acquiring an additional 50 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Cable One by 20.4% in the third quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company’s stock valued at $60,000 after acquiring an additional 29 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in Cable One by 201.8% in the fourth 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. Institutional investors and hedge funds 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.