WideOpenWest (WOW) Given a $16.00 Price Target at B. Riley

B. Riley set a $16.00 price target on WideOpenWest (NYSE:WOW) in a report published on Friday. The firm currently has a buy rating on the stock.

A number of other research analysts have also commented on WOW. Credit Suisse Group raised their price objective on shares of WideOpenWest from $10.50 to $11.50 and gave the company a neutral rating in a research note on Friday, August 10th. Zacks Investment Research upgraded shares of WideOpenWest from a hold rating to a buy rating and set a $13.00 price objective on the stock in a research note on Wednesday, August 15th. Raymond James reiterated a buy rating and set a $14.00 price objective on shares of WideOpenWest in a research note on Monday, August 20th. ValuEngine upgraded shares of WideOpenWest from a sell rating to a hold rating in a research note on Thursday, October 4th. Finally, UBS Group raised their price objective on shares of WideOpenWest from $10.00 to $12.00 and gave the company a neutral rating in a research note on Tuesday, October 2nd. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $14.21.

Shares of NYSE:WOW traded up $0.50 during trading hours on Friday, hitting $10.88. The stock had a trading volume of 691,017 shares, compared to its average volume of 226,317. WideOpenWest has a 1-year low of $6.03 and a 1-year high of $12.91. The firm has a market capitalization of $862.10 million, a P/E ratio of 15.77 and a beta of 1.73.

WideOpenWest (NYSE:WOW) last announced its quarterly earnings results on Thursday, November 8th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.23 by $0.14. WideOpenWest had a negative net margin of 8.17% and a negative return on equity of 5.46%. The company had revenue of $291.60 million for the quarter, compared to analyst estimates of $292.65 million. During the same quarter last year, the business earned $0.37 earnings per share. WideOpenWest’s revenue was down 2.1% compared to the same quarter last year. Sell-side analysts anticipate that WideOpenWest will post 0.79 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of WOW. Crestview Partners III GP L.P. boosted its holdings in WideOpenWest by 4.4% during the second quarter. Crestview Partners III GP L.P. now owns 27,434,576 shares of the company’s stock worth $265,018,000 after buying an additional 1,160,130 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in WideOpenWest by 23.8% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,300,945 shares of the company’s stock worth $31,887,000 after buying an additional 635,288 shares in the last quarter. Millennium Management LLC boosted its holdings in WideOpenWest by 944.1% during the second quarter. Millennium Management LLC now owns 636,139 shares of the company’s stock worth $6,145,000 after buying an additional 575,210 shares in the last quarter. BlackRock Inc. boosted its holdings in WideOpenWest by 42.1% during the second quarter. BlackRock Inc. now owns 1,745,982 shares of the company’s stock worth $16,866,000 after buying an additional 517,319 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in WideOpenWest by 7,767.6% during the third quarter. JPMorgan Chase & Co. now owns 488,343 shares of the company’s stock worth $5,474,000 after buying an additional 482,136 shares in the last quarter. Institutional investors and hedge funds own 61.38% 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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