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.

COPYRIGHT VIOLATION WARNING: This article was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this article on another site, it was stolen and reposted in violation of US & international copyright & trademark law. The legal version of this article can be viewed at

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.

The Fly

Analyst Recommendations for WideOpenWest (NYSE:WOW)

What are top analysts saying about WideOpenWest Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for WideOpenWest Inc. and related companies.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit