Is Buying Cable One Incorporated (NYSE:CABO) Here Good Idea?

September 17, 2017 - By Maria Brooks

 Is Buying Cable One Incorporated (NYSE:CABO) Here Good Idea?

The stock of Cable One Incorporated (NYSE:CABO) registered an increase of 17.75% in short interest. CABO’s total short interest was 202,300 shares in September as published by FINRA. Its up 17.75% from 171,800 shares, reported previously. With 25,000 shares average volume, it will take short sellers 8 days to cover their CABO’s short positions.

The stock increased 0.77% or $5.62 on September 15, reaching $736.74. About 61,849 shares traded or 95.68% up from the average. Cable One Inc (NYSE:CABO) has risen 41.86% since September 17, 2016 and is uptrending. It has outperformed by 25.16% the S&P500.

Cable One, Inc. is a provider of data, video and voice services. The company has market cap of $4.22 billion. The Firm offers products, including Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. It has a 39.54 P/E ratio. As of May 1, 2017, the Company provided data, video and voice services in 21 Western, Midwestern and Southern states.

Cable One Inc (NYSE:CABO) Ratings Coverage

Among 4 analysts covering Cable One Inc (NYSE:CABO), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Cable One Inc had 5 analyst reports since July 27, 2015 according to SRatingsIntel. The stock has “Market Perform” rating by Wells Fargo on Monday, July 27. The firm has “Outperform” rating given on Wednesday, August 9 by Raymond James. Moffett Nathanson downgraded the stock to “Sell” rating in Wednesday, January 4 report.

More notable recent Cable One Inc (NYSE:CABO) news were published by: Seekingalpha.com which released: “Cable ONE’s (CABO) CEO Julia Laulis on Q2 2017 Results – Earnings Call Transcript” on August 12, 2017, also Reuters.com with their article: “Cable One to buy privately held NewWave for $735 million” published on January 18, 2017, Nasdaq.com published: “Cable ONE (CABO) Lags Q2 Earnings, Tops Revenue Estimates” on August 08, 2017. More interesting news about Cable One Inc (NYSE:CABO) were released by: Seekingalpha.com and their article: “Cable One Has More Room To Run” published on March 27, 2017 as well as Seekingalpha.com‘s news article titled: “Cable ONE Will Acquire NewWave Communications For $735 Million” with publication date: January 20, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.