Windstream Holdings, Inc. (WIN) Given Average Rating of “Sell” by Analysts

Windstream Holdings, Inc. (NASDAQ:WIN) has been assigned a consensus rating of “Sell” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $2.25.

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. lowered Windstream from a “neutral” rating to an “underweight” rating in a report on Tuesday, January 2nd. ValuEngine lowered Windstream from a “sell” rating to a “strong sell” rating in a report on Monday, October 2nd. Canaccord Genuity reissued a “buy” rating and set a $3.00 price target on shares of Windstream in a report on Friday, November 24th. BidaskClub lowered Windstream from a “buy” rating to a “hold” rating in a report on Friday, December 8th. Finally, Barclays assumed coverage on Windstream in a report on Friday, December 15th. They set an “underweight” rating and a $1.50 price target on the stock.

Shares of Windstream (NASDAQ WIN) remained flat at $$1.88 during midday trading on Tuesday. The company’s stock had a trading volume of 1,215,900 shares, compared to its average volume of 2,421,920. Windstream has a one year low of $1.71 and a one year high of $8.35. The company has a debt-to-equity ratio of 20.24, a current ratio of 0.77 and a quick ratio of 0.70. The stock has a market capitalization of $343.86, a price-to-earnings ratio of -0.72 and a beta of -0.12.

Institutional investors and hedge funds have recently modified their holdings of the company. Cubist Systematic Strategies LLC increased its holdings in shares of 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 purchasing an additional 85,500 shares during the period. Magnetar Financial LLC increased its holdings in shares of 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 purchasing an additional 116,767 shares during the period. California Public Employees Retirement System increased its holdings in shares of 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 purchasing an additional 509,970 shares during the period. Finally, Royce & Associates LP increased its holdings in shares of 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 purchasing an additional 433,134 shares during the period. 66.27% of the stock is currently owned by institutional investors.

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Windstream Company Profile

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.

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