WideOpenWest (NYSE:WOW) Downgraded by Wall Street Zen to "Sell"

Key Points

• WideOpenWest's stock rating was downgraded from "hold" to "sell" by Wall Street Zen, indicating a more pessimistic outlook for the company.
• Benchmark reduced its target price for WideOpenWest from $7.50 to $6.50 while maintaining a "buy" rating.
• The company reported a quarterly revenue of $150 million, despite a 7.1% decline compared to the same quarter last year.

WideOpenWest (NYSE:WOW - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.

Separately, Benchmark reduced their price target on WideOpenWest from $7.50 to $6.50 and set a "buy" rating for the company in a report on Thursday, May 29th.

WideOpenWest Stock Up 49.3%

WOW traded up $1.67 on Friday, reaching $5.05. The company's stock had a trading volume of 43,291,281 shares, compared to its average volume of 638,151. The stock has a market cap of $431.25 million, a price-to-earnings ratio of -7.21 and a beta of 1.24. WideOpenWest has a 1 year low of $3.06 and a 1 year high of $5.80. The company has a debt-to-equity ratio of 5.17, a current ratio of 0.66 and a quick ratio of 0.66. The business's 50 day moving average is $3.87 and its 200 day moving average is $4.28.

WideOpenWest (NYSE:WOW - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.07). The business had revenue of $144.20 million during the quarter, compared to analysts' expectations of $143.62 million. WideOpenWest had a negative net margin of 9.32% and a negative return on equity of 26.90%. As a group, research analysts forecast that WideOpenWest will post -0.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. FNY Investment Advisers LLC lifted its holdings in WideOpenWest by 60.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 8,000 shares of the company's stock worth $32,000 after buying an additional 3,000 shares during the last quarter. Horst & Graben Wealth Management LLC bought a new position in WideOpenWest during the 1st quarter worth approximately $51,000. ProShare Advisors LLC bought a new position in WideOpenWest during the 4th quarter worth approximately $70,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in WideOpenWest during the 2nd quarter worth approximately $88,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in WideOpenWest by 15.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,530 shares of the company's stock worth $97,000 after buying an additional 2,657 shares during the last quarter. Institutional investors own 87.77% of the company's stock.

WideOpenWest Company Profile

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.