SunTrust Banks, Inc. Reaffirms “Buy” Rating for WideOpenWest, Inc. (WOW)

SunTrust Banks, Inc. reiterated their buy rating on shares of WideOpenWest, Inc. (NYSE:WOW) in a report issued on Tuesday morning, The Fly reports. The brokerage currently has a $18.00 price target on the stock. SunTrust Banks also issued estimates for WideOpenWest’s FY2017 earnings at $0.75 EPS, Q1 2018 earnings at $0.30 EPS, Q2 2018 earnings at $0.36 EPS, Q3 2018 earnings at $0.34 EPS, Q4 2018 earnings at $0.35 EPS and FY2018 earnings at $1.35 EPS.

Several other brokerages have also recently weighed in on WOW. Royal Bank Of Canada reissued a buy rating and issued a $20.00 price target on shares of WideOpenWest in a research note on Monday, September 18th. Zacks Investment Research cut WideOpenWest from a strong-buy rating to a hold rating in a research note on Wednesday, October 18th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $18.63.

Shares of WideOpenWest (WOW) opened at $10.00 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of -8.28. WideOpenWest has a one year low of $9.68 and a one year high of $18.83.

WideOpenWest (NYSE:WOW) last issued its quarterly earnings results on Monday, November 13th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.17. The company had revenue of $297.80 million during the quarter, compared to analyst estimates of $302.00 million. WideOpenWest’s revenue for the quarter was down 4.3% compared to the same quarter last year. research analysts predict that WideOpenWest will post 0.93 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC grew its stake in WideOpenWest by 0.9% during the third quarter. Neuberger Berman Group LLC now owns 565,000 shares of the company’s stock worth $8,520,000 after purchasing an additional 5,000 shares during the period. Cubist Systematic Strategies LLC grew its stake in WideOpenWest by 31.4% during the third quarter. Cubist Systematic Strategies LLC now owns 44,988 shares of the company’s stock worth $678,000 after purchasing an additional 10,762 shares during the period. Alyeska Investment Group L.P. grew its stake in WideOpenWest by 44.0% during the third quarter. Alyeska Investment Group L.P. now owns 1,800,000 shares of the company’s stock worth $27,144,000 after purchasing an additional 550,000 shares during the period. California State Teachers Retirement System acquired a new stake in WideOpenWest during the third quarter worth approximately $519,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in WideOpenWest during the third quarter worth approximately $1,179,000. 51.11% of the stock is owned by institutional investors and hedge funds.

About WideOpenWest

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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