As previously reported, MoffettNathanson analyst Craig Moffett upgraded Cable One (CABO) to Buy from Neutral with a $615 price target. At a time when private equity investors are “still clamoring” for competitive fiber builds and media is reporting that Charter (CHTR) is “considering” a big for Altice USA (ATUS), the valuation for Cable One is “at the very least eye-catching” as the company is still trading below the replacement cost of its assets, the analyst tells investors.
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Read More on CABO:
- Cable ONE, Inc Announces Executive Team Reshuffle and Compensation Update
- Cable One price target lowered to $514 from $703 at JPMorgan
- Cable One price target lowered to $460 from $550 at Wells Fargo
- Cable One price target lowered to $650 from $750 at TD Cowen
- Cable One price target lowered to $900 from $1,110 at KeyBanc
