WideOpenWest Inc (WOW) Receives $13.46 Average Target Price from Analysts

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WideOpenWest Inc (NYSE:WOW) has received an average recommendation of “Hold” from the nine brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $13.46.

A number of equities analysts have issued reports on WOW shares. Zacks Investment Research lowered WideOpenWest from a “buy” rating to a “hold” rating in a research report on Saturday, October 13th. ValuEngine raised WideOpenWest from a “sell” rating to a “hold” rating in a research report on Thursday, October 4th. UBS Group upped their target price on WideOpenWest from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, October 2nd. Finally, B. Riley set a $16.00 target price on WideOpenWest and gave the company a “buy” rating in a research report on Wednesday, November 28th.

WideOpenWest stock traded down $0.01 during midday trading on Wednesday, hitting $7.94. 519,030 shares of the company were exchanged, compared to its average volume of 521,138. The firm has a market capitalization of $651.64 million, a PE ratio of 11.51 and a beta of 1.87. WideOpenWest has a fifty-two week low of $6.03 and a fifty-two week high of $12.91.

WideOpenWest (NYSE:WOW) last released its quarterly earnings results on Thursday, November 8th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.23 by $0.14. The firm had revenue of $291.60 million for the quarter, compared to analyst estimates of $292.65 million. WideOpenWest had a negative return on equity of 13.94% and a negative net margin of 5.41%. WideOpenWest’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.37 EPS. On average, sell-side analysts anticipate that WideOpenWest will post 1.05 earnings per share for the current year.

In other news, General Counsel Donald Craig Martin purchased 3,180 shares of the stock in a transaction dated Thursday, December 13th. The stock was acquired at an average cost of $7.88 per share, for a total transaction of $25,058.40. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders bought a total of 10,575 shares of company stock valued at $86,377 over the last quarter. Company insiders own 2.40% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Teachers Advisors LLC increased its holdings in shares of WideOpenWest by 12.0% in the 3rd quarter. Teachers Advisors LLC now owns 63,676 shares of the company’s stock valued at $714,000 after acquiring an additional 6,835 shares during the last quarter. Rhumbline Advisers grew its stake in WideOpenWest by 31.5% during the 2nd quarter. Rhumbline Advisers now owns 30,147 shares of the company’s stock worth $291,000 after buying an additional 7,230 shares during the last quarter. MetLife Investment Advisors LLC grew its stake in WideOpenWest by 55.2% during the 3rd quarter. MetLife Investment Advisors LLC now owns 23,872 shares of the company’s stock worth $268,000 after buying an additional 8,486 shares during the last quarter. Metropolitan Life Insurance Co. NY bought a new position in WideOpenWest during the 2nd quarter worth $105,000. Finally, Voya Investment Management LLC bought a new position in WideOpenWest during the 2nd quarter worth $106,000. Institutional investors and hedge funds own 59.89% of the company’s stock.

WideOpenWest Company Profile

WideOpenWest, Inc operates as a cable operator in the United States. It provides high-speed data, cable television, voice over IP-based telephony, and business-class services to residential and business services customers. Its video services include basic cable services that comprise local broadcast television and local community programming; digital cable services; and ultra video products, as well as provides commercial-free movies, sports, and other special event entertainment programs.

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Analyst Recommendations for WideOpenWest (NYSE:WOW)

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