Cowen and Company initiated coverage on shares of Windstream Holdings Inc (NYSE:WIN) in a research report sent to investors on Thursday. The brokerage issued a market perform rating and a $9.00 price target on the stock.
A number of other equities research analysts also recently commented on WIN. Citigroup Inc. reissued a neutral rating and issued a $10.00 target price on shares of Windstream Holdings in a report on Tuesday, July 5th. Zacks Investment Research upgraded Windstream Holdings from a hold rating to a buy rating and set a $11.00 price target for the company in a research report on Tuesday, July 12th. Jefferies Group raised their price target on Windstream Holdings from $4.00 to $6.00 and gave the company an underperform rating in a research report on Friday, July 15th. Finally, Raymond James Financial Inc. restated an underperform rating on shares of Windstream Holdings in a research report on Friday, August 5th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a strong buy rating to the stock. Windstream Holdings has a consensus rating of Hold and an average price target of $8.63.
Windstream Holdings (NYSE:WIN) opened at 8.47 on Thursday. The firm has a 50-day moving average of $9.21 and a 200-day moving average of $8.84. Windstream Holdings has a 52-week low of $4.75 and a 52-week high of $10.46. The firm’s market cap is $815.36 million.
Windstream Holdings (NYSE:WIN) last released its earnings results on Thursday, August 4th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.36. The business earned $1.36 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period last year, the business posted ($1.13) EPS. Windstream Holdings’s revenue was down 4.3% compared to the same quarter last year. Equities analysts anticipate that Windstream Holdings will post $0.41 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 17th. Stockholders of record on Friday, September 30th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.08%. The ex-dividend date of this dividend was Wednesday, September 28th.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Windstream Holdings by 4.6% in the second quarter. Vanguard Group Inc. now owns 10,902,527 shares of the company’s stock worth $101,066,000 after buying an additional 478,583 shares in the last quarter. Sii Investments Inc. WI bought a new stake in Windstream Holdings during the second quarter worth approximately $109,000. Teacher Retirement System of Texas boosted its stake in Windstream Holdings by 4.1% in the second quarter. Teacher Retirement System of Texas now owns 12,826 shares of the company’s stock worth $119,000 after buying an additional 504 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in Windstream Holdings by 28.6% in the second quarter. UBS Asset Management Americas Inc. now owns 131,803 shares of the company’s stock worth $1,222,000 after buying an additional 29,336 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Windstream Holdings by 40.6% in the second quarter. JPMorgan Chase & Co. now owns 2,385,541 shares of the company’s stock worth $22,114,000 after buying an additional 688,770 shares in the last quarter.
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