Windstream Holdings Inc (WIN) Receives Consensus Rating of “Hold” from Brokerages
Shares of Windstream Holdings Inc (NYSE:WIN) have been assigned an average rating of “Hold” from the five research firms that are covering the company. Two investment 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 company. The average 1 year price target among brokerages that have covered the stock in the last year is $9.50.
WIN has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Windstream Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 29th. Citigroup Inc. reiterated a “neutral” rating and set a $10.00 price objective on shares of Windstream Holdings in a research report on Tuesday, July 5th. Raymond James Financial Inc. reiterated an “underperform” rating on shares of Windstream Holdings in a research report on Friday, August 5th. Jefferies Group upped their price objective 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, Cowen and Company began coverage on Windstream Holdings in a research report on Thursday. They set a “market perform” rating and a $9.00 price objective for the company.
Shares of Windstream Holdings (NYSE:WIN) traded up 1.56% on Thursday, reaching $8.49. The company’s stock had a trading volume of 934,905 shares. The company’s 50-day moving average is $9.21 and its 200 day moving average is $8.81. Windstream Holdings has a 12-month low of $4.75 and a 12-month high of $10.46. The company’s market capitalization is $817.28 million.
Windstream Holdings (NYSE:WIN) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.36. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.37 billion. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.13) earnings per share. Equities analysts anticipate that Windstream Holdings will post $0.41 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 7.18%. The ex-dividend date of this dividend is Wednesday, September 28th.
A number of hedge funds have recently modified their holdings of WIN. Nisa Investment Advisors LLC boosted its stake in shares of Windstream Holdings by 170.8% in the third quarter. Nisa Investment Advisors LLC now owns 58,666 shares of the company’s stock worth $590,000 after buying an additional 37,000 shares during the last quarter. Atria Investments LLC bought a new stake in shares of Windstream Holdings during the third quarter worth approximately $139,000. Creative Planning boosted its stake in shares of Windstream Holdings by 4.0% in the third quarter. Creative Planning now owns 10,269 shares of the company’s stock worth $103,000 after buying an additional 397 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Windstream Holdings by 2.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 17,323 shares of the company’s stock worth $161,000 after buying an additional 447 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Windstream Holdings by 13.4% in the second quarter. Royal Bank of Canada now owns 88,700 shares of the company’s stock worth $821,000 after buying an additional 10,466 shares during the last quarter.
Windstream Holdings Company Profile
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