ValuEngine Downgrades WideOpenWest (WOW) to Sell

WideOpenWest (NYSE:WOW) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

A number of other brokerages have also recently issued reports on WOW. B. Riley set a $14.00 price objective on shares of WideOpenWest and gave the stock a “buy” rating in a research note on Sunday, August 12th. Zacks Investment Research cut shares of WideOpenWest from a “buy” rating to a “hold” rating in a research note on Saturday, October 13th. Credit Suisse Group increased their price objective on shares of WideOpenWest from $10.50 to $11.50 and gave the stock a “neutral” rating in a research note on Friday, August 10th. UBS Group increased their price objective on shares of WideOpenWest from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 2nd. Finally, Raymond James reissued a “buy” rating and issued a $14.00 price objective on shares of WideOpenWest in a research note on Monday, August 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $14.21.

Shares of NYSE WOW opened at $9.34 on Friday. The firm has a market capitalization of $772.37 million, a PE ratio of 13.54 and a beta of 1.73. WideOpenWest has a 1 year low of $6.03 and a 1 year high of $12.91.

WideOpenWest (NYSE:WOW) last announced its quarterly earnings data on Thursday, November 8th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.14. The firm had revenue of $291.60 million during the quarter, compared to analysts’ expectations of $292.65 million. WideOpenWest had a negative net margin of 5.41% and a negative return on equity of 13.94%. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.37 earnings per share. As a group, research analysts anticipate that WideOpenWest will post 1.05 EPS for the current year.

Several large investors have recently modified their holdings of the stock. Teachers Advisors LLC boosted its position in shares of WideOpenWest by 12.0% during the third quarter. Teachers Advisors LLC now owns 63,676 shares of the company’s stock worth $714,000 after acquiring an additional 6,835 shares during the last quarter. Rhumbline Advisers boosted its position in shares of WideOpenWest by 31.5% during the second quarter. Rhumbline Advisers now owns 30,147 shares of the company’s stock worth $291,000 after acquiring an additional 7,230 shares during the last quarter. MetLife Investment Advisors LLC boosted its position in shares of WideOpenWest by 55.2% during the third quarter. MetLife Investment Advisors LLC now owns 23,872 shares of the company’s stock worth $268,000 after acquiring an additional 8,486 shares during the last quarter. Metropolitan Life Insurance Co. NY bought a new position in shares of WideOpenWest during the second quarter worth $105,000. Finally, Voya Investment Management LLC bought a new position in shares of WideOpenWest during the second quarter worth $106,000. Hedge funds and other institutional investors own 63.25% of the company’s stock.

About WideOpenWest

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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