Wall Street Zen Upgrades WideOpenWest (NYSE:WOW) to Hold

Wall Street Zen upgraded shares of WideOpenWest (NYSE:WOW - Free Report) from a sell rating to a hold rating in a research report released on Saturday morning.

Separately, Benchmark lowered their price target on WideOpenWest from $7.50 to $6.50 and set a "buy" rating on the stock in a research note on Thursday, May 29th.

WideOpenWest Price Performance

Shares of NYSE:WOW traded up $0.03 during trading on Friday, reaching $4.11. 270,130 shares of the company's stock traded hands, compared to its average volume of 397,512. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 4.41. WideOpenWest has a fifty-two week low of $4.03 and a fifty-two week high of $5.80. The company has a 50-day simple moving average of $4.32 and a 200-day simple moving average of $4.59. The firm has a market cap of $350.88 million, a PE ratio of -3.67 and a beta of 1.26.

WideOpenWest (NYSE:WOW - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.19) by $0.02. The company had revenue of $150.00 million for the quarter, compared to the consensus estimate of $148.17 million. WideOpenWest had a negative return on equity of 22.83% and a negative net margin of 14.17%. WideOpenWest's revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.18) earnings per share. As a group, analysts predict that WideOpenWest will post -0.72 earnings per share for the current year.

Institutional Investors Weigh In On WideOpenWest

A number of hedge funds have recently modified their holdings of WOW. Strs Ohio acquired a new position in WideOpenWest during the first quarter worth about $233,000. Empowered Funds LLC increased its stake in shares of WideOpenWest by 119.8% in the 1st quarter. Empowered Funds LLC now owns 96,638 shares of the company's stock worth $478,000 after acquiring an additional 52,669 shares during the last quarter. Algert Global LLC raised its holdings in shares of WideOpenWest by 13.4% during the 1st quarter. Algert Global LLC now owns 46,985 shares of the company's stock worth $233,000 after acquiring an additional 5,567 shares during the period. Nuveen LLC purchased a new position in shares of WideOpenWest during the 1st quarter worth $718,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of WideOpenWest by 6.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 648,947 shares of the company's stock valued at $3,212,000 after acquiring an additional 37,306 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

About WideOpenWest

WideOpenWest, Inc provides high speed data, cable television, and digital telephony services to residential and business services customers in the United States. The company's video services include basic cable services that comprise local broadcast television and local community programming; digital cable services; WOW tv+ that offers traditional cable video and cloud DVR functionality, voice remote with Google Assistant, and Netflix integration along with access to various streaming services and apps through the Google Play Store; and commercial-free movies, TV shows, sports, and other special event entertainment programs.