JPMorgan Chase & Co. cut shares of Windstream (NASDAQ:WIN) from a neutral rating to an underweight rating in a research note issued to investors on Tuesday, MarketBeat.com reports.

WIN has been the subject of several other reports. BidaskClub upgraded shares of Windstream from a hold rating to a buy rating in a research report on Saturday, December 2nd. Canaccord Genuity restated a buy rating and set a $3.00 price target on shares of Windstream in a research report on Monday, December 4th. Barclays initiated coverage on shares of Windstream in a research report on Friday, December 15th. They set an underweight rating and a $1.50 price target for the company. Finally, ValuEngine lowered shares of Windstream from a sell rating to a strong sell rating in a research report on Monday, October 2nd. Five analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of Sell and a consensus price target of $2.25.

Shares of Windstream (NASDAQ:WIN) traded up $0.04 during trading hours on Tuesday, reaching $1.91. 3,660,800 shares of the company traded hands, compared to its average volume of 3,159,967. Windstream has a one year low of $1.71 and a one year high of $8.35. The stock has a market capitalization of $349.35, a price-to-earnings ratio of -0.73 and a beta of -0.12. The company has a debt-to-equity ratio of 20.24, a current ratio of 0.77 and a quick ratio of 0.70.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Magnetar Financial LLC boosted its position in Windstream by 192.6% during the third quarter. Magnetar Financial LLC now owns 177,379 shares of the technology company’s stock valued at $314,000 after buying an additional 116,767 shares during the period. Royce & Associates LP boosted its position in Windstream by 22.6% during the third quarter. Royce & Associates LP now owns 2,346,752 shares of the technology company’s stock valued at $4,154,000 after buying an additional 433,134 shares during the period. California Public Employees Retirement System boosted its position in Windstream by 43.5% during the third quarter. California Public Employees Retirement System now owns 1,682,724 shares of the technology company’s stock valued at $2,978,000 after buying an additional 509,970 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its position in Windstream by 287.1% during the third quarter. Cubist Systematic Strategies LLC now owns 115,280 shares of the technology company’s stock valued at $204,000 after buying an additional 85,500 shares during the period. Institutional investors and hedge funds own 66.27% of the company’s stock.

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About Windstream

Windstream Corporation (Windstream) is a provider of advanced communications and technology solutions, including managed services and cloud computing, to businesses nationwide. In addition to business services, the Company offers broadband, voice and video services to consumers in primarily rural markets.

Analyst Recommendations for Windstream (NASDAQ:WIN)

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