In a report issued on January 23, Zachary Silver from B.Riley FBR reiterated a Buy rating on Cable ONE Inc (CABO), with a price target of $990. The company’s shares closed on Friday at $864.75.
According to TipRanks.com, Silver is a 2-star analyst with an average return of 1.7% and a 45.5% success rate. Silver covers the Technology sector, focusing on stocks such as Shenandoah Telecommunications Co, Telephone & Data Systems Inc, and United States Cellular.
Currently, the analyst consensus on Cable ONE Inc is a Moderate Buy with an average price target of $955, a 10.4% upside from current levels. In a report issued on January 22, KeyBanc also upgraded the stock to Buy with a $1025 price target.
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The company has a one-year high of $924.31 and a one-year low of $597.40. Currently, Cable ONE Inc has an average volume of 35.79K.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CABO in relation to earlier this year.
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Cable ONE, Inc. is a cable and broadband communications provider. It provides consumers with an array of communications and entertainment services, including Internet and wireless fiber solutions, cable television and phone service. The company was founded in 1977 and is headquartered in Phoenix, AZ.
