WideOpenWest, Inc. (WOW) Price Target Cut to $19.00 by Analysts at UBS AG
WideOpenWest, Inc. (NYSE:WOW) had its price target dropped by research analysts at UBS AG from $21.00 to $19.00 in a research report issued to clients and investors on Tuesday. The firm presently has a “buy” rating on the stock. UBS AG’s target price would suggest a potential upside of 64.36% from the stock’s current price.
Other equities research analysts also recently issued reports about the stock. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $18.00 price objective on shares of WideOpenWest in a report on Tuesday. Royal Bank Of Canada reaffirmed a “buy” rating and set a $20.00 price objective on shares of WideOpenWest in a report on Monday, September 18th. Finally, Zacks Investment Research downgraded shares of WideOpenWest from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 18th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $19.71.
WideOpenWest (NYSE WOW) traded down $0.39 on Tuesday, reaching $11.56. 269,900 shares of the company traded hands, compared to its average volume of 300,856. The company has a debt-to-equity ratio of -8.28, a current ratio of 0.95 and a quick ratio of 0.95. WideOpenWest has a one year low of $11.28 and a one year high of $18.83.
WideOpenWest (NYSE:WOW) last posted its quarterly earnings results on Monday, November 13th. The company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.17. The company had revenue of $297.80 million for the quarter, compared to the consensus estimate of $302.00 million. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. analysts predict that WideOpenWest will post 0.9 earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: This news story was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international copyright laws. The correct version of this news story can be viewed at https://www.watchlistnews.com/wideopenwest-inc-wow-price-target-cut-to-19-00-by-analysts-at-ubs-ag/1702500.html.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WOW. SG Americas Securities LLC purchased a new stake in WideOpenWest during the third quarter valued at about $109,000. Tower Research Capital LLC TRC purchased a new stake in shares of WideOpenWest in the second quarter worth about $113,000. New Jersey Better Educational Savings Trust purchased a new stake in shares of WideOpenWest in the second quarter worth about $174,000. American International Group Inc. purchased a new stake in shares of WideOpenWest in the third quarter worth about $195,000. Finally, Wells Fargo & Company MN purchased a new stake in shares of WideOpenWest in the second quarter worth about $274,000. 51.11% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for WideOpenWest Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WideOpenWest Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.