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

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

A number of other brokerages have also issued reports on WOW. Zacks Investment Research lowered shares of WideOpenWest from a buy rating to a hold rating in a research note on Saturday, October 13th. Credit Suisse Group lifted their target price 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. UBS Group lifted their target price 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. ValuEngine raised shares of WideOpenWest from a sell rating to a hold rating in a research note on Thursday, October 4th. Finally, Raymond James reissued a buy rating and set a $14.00 target price on shares of WideOpenWest in a research note on Monday, August 20th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $14.21.

WideOpenWest stock traded up $0.50 during midday trading on Friday, reaching $10.88. The stock had a trading volume of 691,017 shares, compared to its average volume of 226,317. WideOpenWest has a twelve month low of $6.03 and a twelve month high of $12.91. The firm has a market capitalization of $862.10 million, a price-to-earnings ratio of 15.77 and a beta of 1.73.

WideOpenWest (NYSE:WOW) last posted its quarterly earnings data on Thursday, November 8th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.14. The firm had revenue of $291.60 million during the quarter, compared to analyst estimates of $292.65 million. WideOpenWest had a negative net margin of 8.17% and a negative return on equity of 5.46%. The company’s revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the business posted $0.37 EPS. Equities analysts expect that WideOpenWest will post 0.79 earnings per share for the current year.

Several large investors have recently modified their holdings of WOW. Crestview Partners III GP L.P. boosted its stake in shares of WideOpenWest by 4.4% during the 2nd quarter. Crestview Partners III GP L.P. now owns 27,434,576 shares of the company’s stock valued at $265,018,000 after buying an additional 1,160,130 shares during the period. Vaughan Nelson Investment Management L.P. raised its holdings in shares of WideOpenWest by 23.8% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 3,300,945 shares of the company’s stock valued at $31,887,000 after purchasing an additional 635,288 shares in the last quarter. Millennium Management LLC raised its holdings in shares of WideOpenWest by 944.1% during the 2nd quarter. Millennium Management LLC now owns 636,139 shares of the company’s stock valued at $6,145,000 after purchasing an additional 575,210 shares in the last quarter. BlackRock Inc. raised its holdings in shares of WideOpenWest by 42.1% during the 2nd quarter. BlackRock Inc. now owns 1,745,982 shares of the company’s stock valued at $16,866,000 after purchasing an additional 517,319 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of WideOpenWest by 7,767.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 488,343 shares of the company’s stock valued at $5,474,000 after purchasing an additional 482,136 shares in the last quarter. 61.38% of the stock is owned by institutional investors.

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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