Analysts Set WideOpenWest Inc (WOW) PT at $13.46
Shares of WideOpenWest Inc (NYSE:WOW) have been given a consensus recommendation of “Hold” by the nine brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $13.46.
WOW has been the subject of several analyst reports. Zacks Investment Research raised WideOpenWest from a “hold” rating to a “buy” rating and set a $7.75 target price for the company in a report on Sunday, January 6th. B. Riley set a $16.00 price target on WideOpenWest and gave the company a “buy” rating in a research report on Wednesday, November 28th. ValuEngine raised WideOpenWest from a “sell” rating to a “hold” rating in a research report on Thursday, October 4th. Finally, UBS Group upped their price target on WideOpenWest from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, October 2nd.
In other WideOpenWest news, General Counsel Donald Craig Martin purchased 3,180 shares of the company’s stock in a transaction that occurred on Thursday, December 13th. The shares were purchased at an average cost of $7.88 per share, with a total value of $25,058.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased 10,575 shares of company stock worth $86,377 over the last three months. 2.40% of the stock is owned by insiders.
Shares of WideOpenWest stock traded down $0.01 during trading on Wednesday, hitting $7.94. The stock had a trading volume of 519,030 shares, compared to its average volume of 521,138. The firm has a market cap of $651.64 million, a price-to-earnings ratio of 11.51 and a beta of 1.87. WideOpenWest has a fifty-two week low of $6.03 and a fifty-two week 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 for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.14. WideOpenWest had a negative return on equity of 13.94% and a negative net margin of 5.41%. The business had revenue of $291.60 million during the quarter, compared to analyst estimates of $292.65 million. During the same quarter in the prior year, the firm posted $0.37 earnings per share. The company’s revenue was down 2.1% on a year-over-year basis. As a group, equities research analysts expect that WideOpenWest will post 1.05 EPS for the current year.
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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