Cowen and Company Initiates Coverage on Windstream Holdings Inc (WIN)
Investment analysts at Cowen and Company assumed coverage on shares of Windstream Holdings Inc (NYSE:WIN) in a research report issued to clients and investors on Thursday. The firm set a “market perform” rating and a $9.00 price target on the stock. Cowen and Company’s target price would suggest a potential upside of 7.40% from the stock’s current price.
A number of other analysts also recently commented on WIN. Citigroup Inc. reiterated a “neutral” rating and set a $10.00 target price on shares of Windstream Holdings in a research report on Tuesday, July 5th. Zacks Investment Research upgraded Windstream Holdings from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Tuesday, July 12th. Jefferies Group boosted their target price on Windstream Holdings from $4.00 to $6.00 and gave the stock an “underperform” rating in a research report on Friday, July 15th. Finally, Raymond James Financial Inc. reiterated an “underperform” rating on shares of Windstream Holdings in a research report on Friday, August 5th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a strong buy rating to the company’s stock. Windstream Holdings presently has a consensus rating of “Hold” and a consensus target price of $8.63.
Windstream Holdings (NYSE:WIN) opened at 8.38 on Thursday. The company’s 50-day moving average price is $9.21 and its 200-day moving average price is $8.82. Windstream Holdings has a one year low of $4.75 and a one year high of $10.46. The stock’s market capitalization is $806.69 million.
Windstream Holdings (NYSE:WIN) last posted its earnings results on Thursday, August 4th. The company reported $0.01 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.35) by $0.36. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.37 billion. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.13) earnings per share. Equities research analysts predict that Windstream Holdings will post $0.41 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.60 dividend on an annualized basis and a yield of 7.16%.
A number of hedge funds have recently bought and sold shares of the company. Bank of Montreal Can purchased a new stake in Windstream Holdings during the second quarter worth approximately $250,000. Sequoia Financial Advisors LLC bought a new stake in shares of Windstream Holdings during the second quarter valued at about $188,000. Bank of New York Mellon Corp increased its stake in shares of 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 increased its stake in shares of 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 bought a new stake in shares of Windstream Holdings during the second quarter valued at about $175,000.
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