Cable ONE (CABO) Valuation Likely To Compress, Reit MP Rating - Raymond James
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Raymond James analyst, Frank Louthan, reiterated his Market Perform rating on shares of Cable One (NYSE: CABO) after the company reported 4Q results with revenue and EBITDA of $269.8 million and $125.9 million, slightly missing the analyst's $271M and $127.6M estimates. The EBITDA miss was due to higher than expected expenses and lower broadband adds of 2.72K vs. the 3.93K modeled.
The analyst stated "We are maintaining our Market Perform rating on shares of Cable One following its 4Q earnings as we believe the current multiple implies a range of growth that we do not believe is achievable in the near term. The stock has continued to remain highly valued relative to its peers, reflecting the last few years of solid execution and what we believe is a potential for a takeout as well as the attractiveness of a relatively under-levered name".
Shares of Cable One closed at $964.61 yesterday.
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