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WideOpenWest (NYSE:WOW) Upgraded to "Hold" at Wall Street Zen

WideOpenWest logo with Consumer Discretionary background

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

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

Check Out Our Latest Research Report on WOW

WideOpenWest Stock Performance

NYSE WOW remained flat at $4.06 during trading hours on Friday. 212,700 shares of the company traded hands, compared to its average volume of 394,548. The stock has a 50 day simple moving average of $4.24 and a two-hundred day simple moving average of $4.48. 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 firm has a market capitalization of $347.05 million, a price-to-earnings ratio of -5.80 and a beta of 1.26. WideOpenWest has a 12 month low of $3.87 and a 12 month high of $5.80.

WideOpenWest (NYSE:WOW - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($0.17) earnings per share for the quarter, topping analysts' consensus estimates of ($0.19) by $0.02. The business had revenue of $150.00 million during the quarter, compared to analyst estimates of $148.17 million. WideOpenWest had a negative net margin of 9.32% and a negative return on equity of 26.90%. The company's revenue was down 7.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.18) earnings per share. On average, sell-side analysts expect that WideOpenWest will post -0.72 EPS for the current fiscal year.

Hedge Funds Weigh In On WideOpenWest

A number of hedge funds and other institutional investors have recently modified their holdings of WOW. Horst & Graben Wealth Management LLC bought a new position in shares of WideOpenWest during the first quarter worth $51,000. ProShare Advisors LLC bought a new position in shares of WideOpenWest during the fourth quarter worth $70,000. Price T Rowe Associates Inc. MD boosted its position in shares of WideOpenWest by 15.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,530 shares of the company's stock worth $97,000 after acquiring an additional 2,657 shares during the last quarter. Kingsview Wealth Management LLC boosted its position in shares of WideOpenWest by 26.3% during the first quarter. Kingsview Wealth Management LLC now owns 24,000 shares of the company's stock worth $119,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Graham Capital Management L.P. bought a new position in shares of WideOpenWest during the fourth quarter worth $125,000. Institutional investors own 87.77% of the company's stock.

About WideOpenWest

(Get Free Report)

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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