Cable One downgraded to Sector Weight from Overweight at KeyBanc

KeyBanc analyst Brandon Nispel downgraded Cable One (CABO) to Sector Weight from Overweight without a price target The firm views the company’s Q1 results as “extremely disappointing.” While commentary suggested “one-time bad guys” in terms of churn, bill credits during the quarter, and just a lower gross connect environment, Cable One’s series of misses leads to the downgrade, the analyst tells investors in a research note. The firm says the company’s “series of misexecution” leads to its guidance “not carrying much credibility.”