WideOpenWest (NYSE:WOW) Receives Hold Rating from Raymond James

Raymond James reiterated their hold rating on shares of WideOpenWest (NYSE:WOW) in a research report report published on Thursday morning, PriceTargets.com reports.

A number of other equities analysts have also commented on WOW. KeyCorp boosted their price objective on shares of WideOpenWest from $13.00 to $20.00 and gave the stock an overweight rating in a report on Thursday, February 25th. Stephens raised shares of WideOpenWest from an equal weight rating to an overweight rating and boosted their target price for the stock from $7.00 to $22.00 in a research report on Thursday, May 6th. Zacks Investment Research downgraded shares of WideOpenWest from a hold rating to a sell rating in a research report on Wednesday, May 12th. Benchmark assumed coverage on shares of WideOpenWest in a research report on Thursday, June 3rd. They issued a buy rating and a $25.00 target price for the company. Finally, Truist raised shares of WideOpenWest from a hold rating to a buy rating and set a $25.00 target price for the company in a research report on Wednesday, May 5th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $24.17.

Shares of WOW stock opened at $18.08 on Thursday. WideOpenWest has a 12 month low of $4.72 and a 12 month high of $18.33. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 62.35 and a beta of 2.09. The business has a fifty day moving average price of $15.89.

WideOpenWest (NYSE:WOW) last issued its quarterly earnings data on Tuesday, May 4th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). WideOpenWest had a negative return on equity of 14.27% and a net margin of 2.08%. The firm had revenue of $286.30 million during the quarter, compared to analyst estimates of $283.17 million. As a group, analysts forecast that WideOpenWest will post 0.59 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in WOW. Claar Advisors LLC bought a new stake in shares of WideOpenWest during the 1st quarter valued at about $33,000. Lazard Asset Management LLC bought a new stake in shares of WideOpenWest during the 4th quarter valued at about $35,000. Point72 Hong Kong Ltd bought a new stake in shares of WideOpenWest during the 1st quarter valued at about $43,000. FORA Capital LLC bought a new stake in shares of WideOpenWest during the 1st quarter valued at about $43,000. Finally, Royal Bank of Canada grew its position in WideOpenWest by 150.6% in the 1st quarter. Royal Bank of Canada now owns 4,053 shares of the company’s stock worth $55,000 after purchasing an additional 2,436 shares during the last quarter. 78.23% of the stock is owned by institutional investors and hedge funds.

WideOpenWest Company Profile

WideOpenWest, Inc provides high speed data, cable television, and digital telephony services to residential and business services customers in the United States. Its video services include basic cable services that comprise local broadcast television and local community programming; digital cable services; WOW! tv+ that offers traditional cable video and cloud DVR functionality, voice remote with Google Assistant, and Netflix integration along with access to various streaming services and apps through the Google Play Store; and ultra-video products, as well as offers commercial-free movies, TV shows, sports, and other special event entertainment programs.

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Analyst Recommendations for WideOpenWest (NYSE:WOW)

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