WideOpenWest (NYSE:WOW) Receives Sell (D-) Rating from Weiss Ratings

Key Points

• WideOpenWest's stock has been given a "sell (D-)" rating by Weiss Ratings, indicating significant concerns about the company's performance.
• The company's recent quarterly earnings report showed a loss of ($0.22) EPS, missing analysts' expectations and highlighting ongoing financial challenges.
• WideOpenWest's average target price is currently set at $5.85, with its stock trading at around $5.13, reflecting a weak market sentiment.

WideOpenWest (NYSE:WOW - Get Free Report)'s stock had its "sell (d-)" rating restated by analysts at Weiss Ratings in a report released on Tuesday,Weiss Ratings reports.

WOW has been the topic of a number of other research reports. Wall Street Zen cut WideOpenWest from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Benchmark cut WideOpenWest from a "buy" rating to a "hold" rating in a report on Tuesday, August 12th. Finally, UBS Group restated a "neutral" rating and set a $5.20 target price (up previously from $4.80) on shares of WideOpenWest in a report on Tuesday, August 12th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, WideOpenWest presently has an average rating of "Reduce" and an average target price of $5.85.

WideOpenWest Price Performance

Shares of NYSE:WOW traded down $0.01 during midday trading on Tuesday, reaching $5.13. The company's stock had a trading volume of 65,031 shares, compared to its average volume of 725,266. WideOpenWest has a fifty-two week low of $3.06 and a fifty-two week high of $5.78. The company has a market capitalization of $439.57 million, a P/E ratio of -6.49 and a beta of 1.26. The company has a debt-to-equity ratio of 5.71, a current ratio of 0.64 and a quick ratio of 0.64. The business's fifty day simple moving average is $4.94 and its 200-day simple moving average is $4.44.

WideOpenWest (NYSE:WOW - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.07). The firm had revenue of $144.20 million during the quarter, compared to analyst estimates of $143.62 million. WideOpenWest had a negative return on equity of 32.26% and a negative net margin of 10.70%. As a group, equities research analysts expect that WideOpenWest will post -0.72 EPS for the current fiscal year.

Institutional Investors Weigh In On WideOpenWest

Hedge funds and other institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC lifted its stake in WideOpenWest by 60.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 8,000 shares of the company's stock valued at $32,000 after acquiring an additional 3,000 shares in the last quarter. Horst & Graben Wealth Management LLC bought a new stake in WideOpenWest in the 1st quarter valued at approximately $51,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in WideOpenWest in the 2nd quarter valued at approximately $88,000. The Manufacturers Life Insurance Company raised its stake in shares of WideOpenWest by 14.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,959 shares of the company's stock worth $89,000 after purchasing an additional 2,706 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of WideOpenWest during the 2nd quarter worth approximately $103,000. Institutional investors and hedge funds own 87.77% of the company's stock.

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.

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