The stock of Cable One Inc (NYSE:CABO) hit a new 52-week high and has $970.90 target or 64.00% above today’s $592.01 share price. The 7 months bullish chart indicates low risk for the $3.46 billion company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $970.90 price target is reached, the company will be worth $2.21B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 26,703 shares traded hands. Cable One Inc (NYSE:CABO) has risen 29.68% since April 15, 2016 and is uptrending. It has outperformed by 25.06% the S&P500.
According to Zacks Investment Research, “Cable One, Inc. is a cable company. The Company provides internet, cable television and telephone service primarily in the United States. Cable One, Inc. is based in Phoenix, United States.”
More important recent Cable One Inc (NYSE:CABO) news were published by: Forbes.com which released: “Ex-Dividend Reminder: HanesBrands, Spectrum Brands Holdings and Cable One” on August 10, 2016, also Fool.com published article titled: “Cable One Inc Grows Revenue as Shift to Data and Business Services Continues”, Nasdaq.com published: “Cable One, Inc. (CABO) Ex-Dividend Date Scheduled for November 10, 2016” on November 09, 2016. More interesting news about Cable One Inc (NYSE:CABO) was released by: Fool.com and their article: “Despite Shrinking Subscriber Base, Cable One Posts Strong Quarter” with publication date: November 03, 2016.
CABO Company Profile
Cable One, Inc., incorporated on November 16, 1994, is a well-known provider of data, video and voice services in approximately 20 Western, Midwestern and Southern states. The Company’s products include Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. The Firm provides these broadband services to residential and business clients in approximately 40 cable systems covering over 400 cities and towns. The markets it serves are non-metropolitan, secondary markets, with its clients located in approximately five states: Mississippi, Idaho, Oklahoma, Texas and Arizona. The Company’s biggest customer concentrations are in the Mississippi Gulf Coast region and in the greater Boise, Idaho region. The Firm is the cable system operator in the United States making services available to approximately 1,644,000 homes in the United States. The Firm provides service to approximately 664,600 residential and business clients out of over 1,644,000 homes passed. Of these customers, approximately 501,240 subscribed to data services, over 364,150 to video services and approximately 127,090 to voice services. The Company’s billing system generally counts each unit in a multi-dwelling unit (MDU) as one home passed.
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