Zacks Investment Research upgraded shares of Windstream Holdings Inc (NYSE:WIN) from a hold rating to a strong-buy rating in a research report report published on Thursday morning. The brokerage currently has $9.50 price target on the stock.
According to Zacks, “Windstream is well positioned for long-term growth based on its investments in fiber-to-the tower, broadband networks and proper cost management. Windstream’s new cloud-to-cloud disaster recovery management solutions replicates mission-critical virtual servers and data to provide an alternative system for cloud-based disaster recovery system to the customers. Also, it's recent plan to strengthen its fixed wireless networks services by upgrading it with millimeter wave radio technology bodes well with its expansion efforts. However, Windstream’s highly leveraged balance sheet, diminishing access lines, losses in the wholesale business and stringent regulatory measures are the near-term risks.”
Other research analysts have also issued reports about the company. Cowen and Company initiated coverage on Windstream Holdings in a research report on Thursday, October 13th. They issued a market perform rating and a $9.00 price target on the stock. Citigroup Inc. restated a neutral rating and issued a $10.00 price target on shares of Windstream Holdings in a research report on Tuesday, July 5th. Jefferies Group restated a sell rating on shares of Windstream Holdings in a research report on Sunday, July 17th. Finally, Raymond James Financial Inc. restated an underperform rating on shares of Windstream Holdings in a research report on Friday, August 5th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $8.63.
Windstream Holdings (NYSE:WIN) opened at 8.47 on Thursday. The firm’s market capitalization is $815.36 million. Windstream Holdings has a 12 month low of $4.75 and a 12 month high of $10.46. The firm has a 50-day moving average price of $9.21 and a 200 day moving average price of $8.84.
Windstream Holdings (NYSE:WIN) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.35) by $0.36. The company earned $1.36 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the prior year, the business earned ($1.13) earnings per share. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, equities analysts forecast that Windstream Holdings will post $0.41 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 17th. Shareholders of record on Friday, September 30th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, September 28th. This represents a $0.60 annualized dividend and a yield of 7.08%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Montreal Can acquired a new position in Windstream Holdings during the second quarter valued at $250,000. Sequoia Financial Advisors LLC acquired a new position in Windstream Holdings during the second quarter valued at $188,000. Bank of New York Mellon Corp raised its position in Windstream Holdings by 8.5% in the second quarter. Bank of New York Mellon Corp now owns 1,688,148 shares of the company’s stock valued at $15,650,000 after buying an additional 132,599 shares in the last quarter. California State Teachers Retirement System raised its position in Windstream Holdings by 3.5% in the second quarter. California State Teachers Retirement System now owns 201,388 shares of the company’s stock valued at $1,867,000 after buying an additional 6,900 shares in the last quarter. Finally, Societe Generale acquired a new position in Windstream Holdings during the second quarter valued at $175,000.
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