WideOpenWest Inc (WOW) Given Average Recommendation of “Buy” by Brokerages
Shares of WideOpenWest Inc (NYSE:WOW) have been assigned a consensus rating of “Buy” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $19.29.
Several analysts recently weighed in on the company. Royal Bank of Canada reissued a “buy” rating and set a $20.00 price target 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, October 18th. UBS Group dropped their price target on WideOpenWest from $21.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, November 14th. Finally, SunTrust Banks reissued a “buy” rating and set a $18.00 price target on shares of WideOpenWest in a report on Tuesday, November 14th.
Shares of WideOpenWest (WOW) opened at $10.90 on Friday. The firm has a market capitalization of $967.61 and a P/E ratio of 8.52. The company has a debt-to-equity ratio of -8.37, a quick ratio of 0.73 and a current ratio of 0.73. WideOpenWest has a fifty-two week low of $8.64 and a fifty-two week high of $18.83.
In related news, CFO Richard Edward Fish, Jr. acquired 3,500 shares of the company’s stock in a transaction on Monday, December 18th. The stock was purchased at an average cost of $9.80 per share, with a total value of $34,300.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Teresa L. Elder acquired 25,465 shares of the company’s stock in a transaction on Monday, December 18th. The stock was bought at an average cost of $9.82 per share, with a total value of $250,066.30. The disclosure for this purchase can be found here. Insiders acquired a total of 77,007 shares of company stock valued at $752,075 over the last ninety days.
A number of hedge funds and other institutional investors have recently made changes to their positions in WOW. Neuberger Berman Group LLC acquired a new position in WideOpenWest in the 2nd quarter valued at $9,744,000. Schroder Investment Management Group acquired a new position in WideOpenWest in the 2nd quarter valued at $14,918,000. TimesSquare Capital Management LLC acquired a new position in WideOpenWest in the 2nd quarter valued at $32,481,000. Wells Fargo & Company MN acquired a new position in WideOpenWest in the 2nd quarter valued at $274,000. Finally, Ameriprise Financial Inc. acquired a new position in WideOpenWest in the 2nd quarter valued at $7,896,000. 53.79% of the stock is owned by hedge funds and other institutional investors.
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WideOpenWest Company Profile
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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