WideOpenWest (NYSE:WOW) Stock Rating Upgraded by Wall Street Zen

WideOpenWest (NYSE:WOW - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Friday.

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

WideOpenWest Stock Up 0.1%

Shares of NYSE WOW traded up $0.01 during mid-day trading on Friday, reaching $4.07. 261,588 shares of the company traded hands, compared to its average volume of 396,830. The company has a debt-to-equity ratio of 5.17, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a market cap of $347.48 million, a PE ratio of -5.81 and a beta of 1.26. The company's fifty day moving average is $4.24 and its two-hundred day moving average is $4.49. WideOpenWest has a fifty-two week low of $3.87 and a fifty-two week high of $5.80.

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

Hedge Funds Weigh In On WideOpenWest

Several hedge funds and other institutional investors have recently modified their holdings of WOW. Paragon Capital Management Ltd acquired a new stake in WideOpenWest during the 1st quarter valued at $6,098,000. Arrowstreet Capital Limited Partnership bought a new position in shares of WideOpenWest in the 4th quarter worth $452,000. Rangeley Capital LLC bought a new position in shares of WideOpenWest in the 4th quarter worth $3,722,000. JPMorgan Chase & Co. boosted its position in shares of WideOpenWest by 40.9% in the 4th quarter. JPMorgan Chase & Co. now owns 706,080 shares of the company's stock worth $3,502,000 after purchasing an additional 204,926 shares during the last quarter. Finally, Anthracite Investment Company Inc. bought a new position in shares of WideOpenWest in the 4th quarter worth $357,000. 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.

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