WideOpenWest, Inc. (NYSE:WOW) had its target price cut by equities researchers at UBS AG from $21.00 to $19.00 in a report released on Tuesday. The firm currently has a “buy” rating on the stock. UBS AG’s price target suggests a potential upside of 83.57% from the company’s previous close.
A number of other equities research analysts have also issued reports on WOW. SunTrust Banks, Inc. reissued a “buy” rating and issued a $18.00 price target on shares of WideOpenWest in a report on Tuesday. Royal Bank Of Canada reissued a “buy” rating and issued a $20.00 price target on shares of WideOpenWest in a report on Monday, September 18th. Finally, Zacks Investment Research lowered shares of WideOpenWest from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 18th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. WideOpenWest presently has an average rating of “Buy” and an average price target of $18.63.
Shares of WideOpenWest (NYSE WOW) traded up $0.13 during trading on Tuesday, reaching $10.35. 580,500 shares of the company’s stock were exchanged, compared to its average volume of 307,780. WideOpenWest has a 1-year low of $9.68 and a 1-year high of $18.83. The company has a debt-to-equity ratio of -8.28, a quick ratio of 0.95 and a current ratio of 0.95.
WideOpenWest (NYSE:WOW) last announced its quarterly earnings results on Monday, November 13th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.17. The firm had revenue of $297.80 million during the quarter, compared to the consensus estimate of $302.00 million. WideOpenWest’s revenue was down 4.3% on a year-over-year basis. research analysts expect that WideOpenWest will post 0.93 earnings per share for the current fiscal year.
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Several institutional investors and hedge funds have recently made changes to their positions in WOW. Crestview Partners III GP L.P. bought a new stake in shares of WideOpenWest during the 2nd quarter valued at about $431,828,000. Goldman Sachs Group Inc. bought a new stake in shares of WideOpenWest during the 2nd quarter valued at about $33,180,000. TimesSquare Capital Management LLC bought a new stake in shares of WideOpenWest during the 2nd quarter valued at about $32,481,000. Vanguard Group Inc. bought a new stake in shares of WideOpenWest during the 2nd quarter valued at about $20,356,000. Finally, Schroder Investment Management Group bought a new stake in shares of WideOpenWest during the 2nd quarter valued at about $14,918,000. 51.11% of the stock is currently owned by hedge funds and other institutional investors.
WideOpenWest, Inc is a cable operator in the United States. The Company provides high-speed data (HSD), cable television (Video), digital telephony (Telephony) and business-class services. The Company’s products are available either as a bundle or as an individual service to residential and business services customers.
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