Truist Securities has decided to maintain its Buy rating of Cable One CABO and raise its price target from $1400.00 to $1600.00.
Shares of Cable One are trading down 1.67% over the last 24 hours, at $1291.01 per share.
A move to $1600.00 would account for a 23.93% increase from the current share price.
About Cable One
Cable One Inc is a telecommunications company. It derives revenue from the provision of broadband, voice, and video services to residential and business customers. From a product perspective, the majority of revenue is sourced from data and video services. This revenue is subscription-based and billed monthly. Cable One also derives advertising revenue from selling airtime on its video channels. Voice services are offered over Internet protocols. The company owns a telecommunications infrastructure.
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