Windstream Holdings Inc (NASDAQ:WIN) has received an average recommendation of “Hold” from the twelve analysts that are covering the stock, Marketbeat reports. Seven analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $5.08.
Several brokerages recently issued reports on WIN. ValuEngine lowered Windstream from a “hold” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research lowered Windstream from a “buy” rating to a “hold” rating in a research report on Saturday, October 13th. Bank of America decreased their price objective on Windstream from $7.50 to $4.50 and set an “underperform” rating for the company in a research report on Monday, August 13th. Finally, Cowen reaffirmed a “buy” rating and set a $8.00 price target on shares of Windstream in a research report on Friday, August 10th.
A number of large investors have recently added to or reduced their stakes in WIN. Cubist Systematic Strategies LLC acquired a new position in Windstream during the 2nd quarter worth approximately $131,000. MYDA Advisors LLC acquired a new position in Windstream during the 2nd quarter worth approximately $132,000. Acadian Asset Management LLC acquired a new position in Windstream during the 2nd quarter worth approximately $173,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in Windstream during the 2nd quarter worth approximately $174,000. Finally, Raymond James & Associates boosted its position in Windstream by 31.2% during the 2nd quarter. Raymond James & Associates now owns 44,557 shares of the technology company’s stock worth $235,000 after acquiring an additional 10,607 shares during the last quarter. 60.36% of the stock is owned by hedge funds and other institutional investors.
Shares of WIN traded down $0.45 on Monday, hitting $4.57. The company’s stock had a trading volume of 656,277 shares, compared to its average volume of 757,271. Windstream has a fifty-two week low of $3.03 and a fifty-two week high of $13.65. The firm has a market capitalization of $215.55 million, a PE ratio of -0.56 and a beta of 0.09.
Windstream (NASDAQ:WIN) last issued its quarterly earnings data on Thursday, November 8th. The technology company reported ($2.57) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.58) by $0.01. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the firm posted ($2.75) earnings per share. Windstream’s revenue for the quarter was down 5.1% compared to the same quarter last year. As a group, research analysts anticipate that Windstream will post -10.62 EPS for the current fiscal year.
Windstream Holdings, Inc provides network communications and technology solutions in the United States. Its Consumer & Small Business segment offers services, including traditional local and long-distance voice services, and high-speed Internet services; and value-added services, such as security and online back-up.
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