WideOpenWest, Inc. (WOW) Given Average Rating of “Buy” by Brokerages
WideOpenWest, Inc. (NYSE:WOW) has been given a consensus rating of “Buy” by the eight analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $20.86.
WOW has been the topic of several research analyst reports. Royal Bank Of Canada restated a “buy” rating and set a $20.00 target price on shares of WideOpenWest in a report on Monday, September 18th. Zacks Investment Research cut WideOpenWest from a “strong-buy” rating to a “hold” rating in a report on Wednesday.
Several hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC bought a new stake in shares of WideOpenWest during the second quarter worth $113,000. Cubist Systematic Strategies LLC bought a new stake in shares of WideOpenWest during the second quarter worth $596,000. Capital World Investors bought a new stake in shares of WideOpenWest during the second quarter worth $12,441,000. Goldman Sachs Group Inc. bought a new stake in shares of WideOpenWest during the second quarter worth $33,180,000. Finally, Pine River Capital Management L.P. bought a new stake in shares of WideOpenWest during the second quarter worth $4,357,000. Institutional investors own 50.30% of the company’s stock.
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WideOpenWest (NYSE WOW) opened at 14.31 on Friday. WideOpenWest has a one year low of $14.00 and a one year high of $18.83. The firm has a market cap of $1.27 billion and a P/E ratio of 14.92. The stock’s 50 day moving average is $15.30 and its 200 day moving average is $16.31.
WideOpenWest (NYSE:WOW) last announced its earnings results on Monday, August 14th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.12 by $0.03. The business had revenue of $297.50 million for the quarter, compared to the consensus estimate of $299.23 million. The business’s revenue was down 3.3% compared to the same quarter last year. On average, equities research analysts expect that WideOpenWest will post $1.24 earnings per share for the current year.
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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