B. Riley Analysts Give WideOpenWest (WOW) a $16.00 Price Target

WideOpenWest (NYSE:WOW) has been assigned a $16.00 price objective by stock analysts at B. Riley in a research report issued on Friday. The firm presently has a “buy” rating on the stock. B. Riley’s price objective indicates a potential upside of 47.06% from the company’s current price.

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

WOW traded up $0.50 during trading on Friday, hitting $10.88. 691,000 shares of the stock traded hands, compared to its average volume of 433,817. WideOpenWest has a twelve month low of $6.03 and a twelve month high of $12.91. The company has a market cap of $844.74 million, a P/E ratio of 15.77 and a beta of 1.73.

WideOpenWest (NYSE:WOW) last posted its earnings results on Thursday, November 8th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.14. The firm had revenue of $291.60 million for the quarter, compared to analysts’ expectations 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 in the previous year, the firm posted $0.37 earnings per share. Equities analysts expect that WideOpenWest will post 0.79 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Crestview Partners III GP L.P. grew its stake in shares of WideOpenWest by 4.4% during the second quarter. Crestview Partners III GP L.P. now owns 27,434,576 shares of the company’s stock worth $265,018,000 after buying an additional 1,160,130 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of WideOpenWest by 23.8% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,300,945 shares of the company’s stock worth $31,887,000 after purchasing an additional 635,288 shares during the last quarter. Private Management Group Inc. grew its stake in shares of WideOpenWest by 16.2% in the second quarter. Private Management Group Inc. now owns 2,579,661 shares of the company’s stock worth $24,920,000 after purchasing an additional 359,822 shares during the last quarter. BlackRock Inc. grew its stake in shares of WideOpenWest by 42.1% in the second quarter. BlackRock Inc. now owns 1,745,982 shares of the company’s stock worth $16,866,000 after purchasing an additional 517,319 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of WideOpenWest by 944.1% in the second quarter. Millennium Management LLC now owns 636,139 shares of the company’s stock worth $6,145,000 after purchasing an additional 575,210 shares during the last quarter. 61.38% of the stock is currently owned by hedge funds and other institutional investors.

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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