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.

WideOpenWest (NYSE:WOW) last released its quarterly earnings results on Monday, November 13th. The company reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.17. The firm had revenue of $297.80 million for the quarter, compared to analyst estimates of $302.00 million. WideOpenWest’s quarterly revenue was down 4.3% on a year-over-year basis. analysts predict that WideOpenWest will post 0.77 earnings per share for the current year.

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.

Analyst Recommendations for WideOpenWest (NYSE:WOW)

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