WideOpenWest, Inc. (WOW) Rating Reiterated by Royal Bank of Canada

WideOpenWest, Inc. (NYSE:WOW)‘s stock had its “buy” rating reissued by equities research analysts at Royal Bank of Canada in a research report issued to clients and investors on Monday. They presently have a $20.00 price target on the stock. Royal Bank of Canada’s price target suggests a potential upside of 31.06% from the stock’s previous close.

A number of other equities research analysts also recently commented on WOW. UBS AG initiated coverage on WideOpenWest in a report on Monday, June 19th. They issued a “buy” rating and a $21.00 price objective for the company. Evercore ISI initiated coverage on WideOpenWest in a report on Monday, June 19th. They issued an “outperform” rating and a $20.00 price objective for the company. Credit Suisse Group initiated coverage on WideOpenWest in a report on Monday, June 19th. They issued an “outperform” rating and a $20.00 price objective for the company. SunTrust Banks, Inc. initiated coverage on WideOpenWest in a report on Monday, June 19th. They issued a “buy” rating and a $24.00 price objective for the company. Finally, Macquarie initiated coverage on WideOpenWest in a report on Monday, June 19th. They issued an “outperform” rating and a $20.00 price objective for the company. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $20.86.

WideOpenWest (NYSE:WOW) opened at 15.26 on Monday. WideOpenWest has a 52-week low of $15.17 and a 52-week high of $18.83. The company has a 50 day moving average price of $16.14 and a 200-day moving average price of $16.54. The firm has a market cap of $1.36 billion and a price-to-earnings ratio of 15.91.

WideOpenWest (NYSE:WOW) last released its quarterly earnings data on Monday, August 14th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. The company had revenue of $297.50 million during the quarter, compared to the consensus estimate of $299.23 million. The company’s revenue was down 3.3% compared to the same quarter last year. Equities research analysts anticipate that WideOpenWest will post $1.14 EPS for the current year.

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A number of large investors have recently bought and sold shares of the business. Crestview Partners III GP L.P. acquired a new position in WideOpenWest in the second quarter valued at about $431,828,000. Goldman Sachs Group Inc. acquired a new position in WideOpenWest in the second quarter valued at about $33,180,000. TimesSquare Capital Management LLC acquired a new position in WideOpenWest in the second quarter valued at about $32,481,000. Vanguard Group Inc. acquired a new position in WideOpenWest in the second quarter valued at about $20,356,000. Finally, Schroder Investment Management Group acquired a new position in WideOpenWest in the second quarter valued at about $14,918,000. 50.30% of the stock is owned by hedge funds and other institutional investors.

About WideOpenWest

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.

Analyst Recommendations for WideOpenWest (NYSE:WOW)

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