Shares of Windstream Holdings Inc (NASDAQ:WIN) have received a consensus recommendation of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat.com reports. Four equities research 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 12 month price objective among brokers that have issued a report on the stock in the last year is $5.17.
Several equities analysts have issued reports on WIN shares. ValuEngine raised Windstream from a “hold” rating to a “buy” rating in a report on Friday, June 8th. Morgan Stanley dropped their price objective on Windstream from $2.40 to $2.00 and set an “equal weight” rating on the stock in a report on Monday, March 19th. Zacks Investment Research raised Windstream from a “sell” rating to a “hold” rating in a report on Wednesday, March 21st. Deutsche Bank raised their price objective on Windstream from $2.00 to $10.00 and gave the stock a “hold” rating in a report on Wednesday, May 30th. Finally, Guggenheim started coverage on Windstream in a report on Tuesday, March 13th. They set a “sell” rating and a $1.35 price objective on the stock.
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In related news, Director Michael G. Stoltz sold 29,734 shares of the firm’s stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $1.58, for a total transaction of $46,979.72. Following the transaction, the director now owns 136,212 shares of the company’s stock, valued at $215,214.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.22% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can grew its holdings in shares of Windstream by 2,071.1% during the fourth quarter. Bank of Montreal Can now owns 106,928 shares of the technology company’s stock worth $197,000 after buying an additional 102,003 shares during the last quarter. Aperio Group LLC boosted its holdings in Windstream by 126.9% in the 4th quarter. Aperio Group LLC now owns 155,688 shares of the technology company’s stock valued at $288,000 after purchasing an additional 87,066 shares in the last quarter. Royce & Associates LP boosted its holdings in Windstream by 17.7% in the 4th quarter. Royce & Associates LP now owns 2,762,415 shares of the technology company’s stock valued at $5,110,000 after purchasing an additional 415,663 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Windstream by 38.0% in the 4th quarter. California Public Employees Retirement System now owns 2,322,351 shares of the technology company’s stock valued at $4,296,000 after purchasing an additional 639,627 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in Windstream by 300.4% in the 4th quarter. Teacher Retirement System of Texas now owns 60,764 shares of the technology company’s stock valued at $112,000 after purchasing an additional 45,589 shares in the last quarter.
Shares of Windstream traded up $0.10, hitting $6.42, during mid-day trading on Friday, Marketbeat.com reports. 1,257,874 shares of the stock were exchanged, compared to its average volume of 612,025. The firm has a market cap of $251.22 million, a price-to-earnings ratio of -0.79 and a beta of 0.07. Windstream has a 12-month low of $5.36 and a 12-month high of $23.15. The company has a debt-to-equity ratio of -7.87, a quick ratio of 0.66 and a current ratio of 0.73.
Windstream (NASDAQ:WIN) last issued its quarterly earnings data on Thursday, May 3rd. The technology company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.59) by ($0.06). The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Windstream had a negative return on equity of 191.89% and a negative net margin of 35.79%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.89) EPS. research analysts predict that Windstream will post -11.55 EPS for the current year.
Windstream Company Profile
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.