Several analysts have recently updated their ratings and price targets for Windstream Holdings (NYSE: WIN):

  • 8/9/2017 – Windstream Holdings had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $2.50 price target on the stock, down previously from $5.00.
  • 8/8/2017 – Windstream Holdings had its price target lowered by analysts at Deutsche Bank AG from $7.00 to $3.00. They now have a “hold” rating on the stock.
  • 8/8/2017 – Windstream Holdings was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Windstream posted mixed second-quarter 2017 financial results, where its net loss was narrower than the Zacks Consensus Estimate, revenues missed the same. We appreciate Windstream’s focus on improving sales and cutting costs which should rake in profits and check churn. Windstream’s cloud-to-cloud disaster recovery management solutions replicate mission-critical virtual servers and data. Launch of Kinetic TV services and merger with EarthLink Holdings also bode well. Expansion of its metro fibre network business in the Atlanta, Minneapolis, St. Louis, Cleveland and Chicago area and aim to extend the deployment of G.fast technologies over traditional copper telephone wires bode well. However, over the past three months, the stock price lagged its industry’s growth. Windstream’s highly leveraged balance sheet, diminishing access lines, losses in the wholesale business and stringent regulatory measures are near-term risks.”
  • 8/4/2017 – Windstream Holdings was downgraded by analysts at Bank of America Corporation from a “buy” rating to an “underperform” rating. They now have a $3.00 price target on the stock, down previously from $8.00.
  • 8/2/2017 – Windstream Holdings was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Over the past three months price performance of Windstream Holdings was depressing. The stock price was down 30.17% while the Zacks categorized industry grew 1.64%. Windstream’s highly leveraged balance sheet, diminishing access lines, losses in the wholesale business and stringent regulatory measures are near-term risks. However, we appreciate Windstream’s focus on improving sales and cutting costs which should rake in profits and check churn. Windstream’s cloud-to-cloud disaster recovery management solutions replicate mission-critical virtual servers and data. Launch of Kinetic TV services and merger with EarthLink Holdings also bode well. Expansion of its metro fibre network business in the Atlanta, Minneapolis, St. Louis, Cleveland and Chicago area and aim to extend the deployment of G.fast technologies to deliver speeds of up to 1 gigabit per second over traditional copper telephone wires bode well.”
  • 7/13/2017 – Windstream Holdings had its price target lowered by analysts at Citigroup Inc. from $5.25 to $4.00. They now have a “neutral” rating on the stock.
  • 6/14/2017 – Windstream Holdings had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $5.00 price target on the stock, down previously from $9.00.

Shares of Windstream Holdings Inc (NYSE:WIN) opened at 2.04 on Thursday. The company’s market cap is $388.61 million. The firm has a 50-day moving average of $3.64 and a 200 day moving average of $5.32. Windstream Holdings Inc has a 52 week low of $2.00 and a 52 week high of $10.46.

Windstream Holdings (NYSE:WIN) last announced its quarterly earnings results on Thursday, August 3rd. The company reported ($0.37) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.45) by $0.08. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the company earned $0.01 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. Equities analysts anticipate that Windstream Holdings Inc will post ($1.88) earnings per share for the current fiscal year.

In related news, Director Alan L. Wells purchased 68,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were purchased at an average cost of $2.10 per share, for a total transaction of $142,800.00. Following the completion of the transaction, the director now directly owns 157,971 shares in the company, valued at approximately $331,739.10. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Windstream Holdings, Inc provides network communications and technology solutions in the United States. Its ILEC Consumer and Small Business segment offers consumer services, including high-speed Internet access; Internet security services; online backup services; basic local telephone services and long-distance services, as well as call waiting, caller identification, call forwarding, and other services; and video services, as well as owns and operates cable television franchises, and sells and leases equipment to support its consumer high-speed Internet and voice services.

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