Zacks Investment Research Lowers Windstream (WIN) to Sell

Windstream (NASDAQ:WIN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

According to Zacks, “Windstream remains under pressure with losses in the wholesale business, technological changes and its related expenses, highly leveraged balance sheet, diminishing access lines and stringent regulatory measures. Over the past three months, share price of Windstream declined 24.5% compared to the industry's 12.2% gain. On the flip side, we appreciate Windstream’s focus on improving sales, cost-cutting initiatives, planned pricing initiatives which should rake in profits and check churn. Windstream is enhancing its Cloud Connect solution. Launch of a new multi-featured SD-WAN solution looks good. Expansion of Kinetic TV services in North Carolina, merger with EarthLink Holdings should rake in profits. Expansion of its metro fibre network business in the newer areas and aim to extend the deployment of G.fast technologies over traditional copper telephone wires bode well.”

Several other analysts have also recently weighed in on WIN. BidaskClub cut shares of Windstream from a “sell” rating to a “strong sell” rating in a research note on Tuesday, January 23rd. Barclays began coverage on shares of Windstream in a research note on Friday, December 15th. They issued an “underweight” rating and a $1.50 price objective on the stock. Canaccord Genuity reissued a “buy” rating and issued a $3.00 price objective on shares of Windstream in a research note on Friday, November 24th. Finally, JPMorgan Chase & Co. cut shares of Windstream from a “neutral” rating to an “underweight” rating in a research note on Tuesday, January 2nd. Six research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. Windstream has a consensus rating of “Sell” and an average price target of $2.25.

Shares of Windstream (WIN) traded up $0.01 during trading on Friday, hitting $1.40. 3,165,441 shares of the company traded hands, compared to its average volume of 1,669,199. The company has a current ratio of 0.77, a quick ratio of 0.70 and a debt-to-equity ratio of 20.24. Windstream has a one year low of $1.28 and a one year high of $7.93. The company has a market capitalization of $254.24, a PE ratio of -0.51 and a beta of 0.05.

Windstream (NASDAQ:WIN) last issued its quarterly earnings data on Thursday, November 9th. The technology company reported ($0.55) earnings per share for the quarter, missing the consensus estimate of ($0.46) by ($0.09). Windstream had a negative return on equity of 64.22% and a negative net margin of 6.49%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.51 billion. equities research analysts anticipate that Windstream will post -2.18 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. Teacher Retirement System of Texas boosted its position in Windstream by 300.4% during the fourth quarter. Teacher Retirement System of Texas now owns 60,764 shares of the technology company’s stock valued at $112,000 after acquiring an additional 45,589 shares during the last quarter. Bank of Montreal Can boosted its position in Windstream by 2,071.1% during the fourth quarter. Bank of Montreal Can now owns 106,928 shares of the technology company’s stock valued at $197,000 after acquiring an additional 102,003 shares during the last quarter. 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 acquiring an additional 85,500 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Windstream by 848,461.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 110,313 shares of the technology company’s stock valued at $204,000 after acquiring an additional 110,300 shares during the last quarter. Finally, Aperio Group LLC boosted its position in Windstream by 126.9% during the fourth quarter. Aperio Group LLC now owns 155,688 shares of the technology company’s stock valued at $288,000 after acquiring an additional 87,066 shares during the last quarter. 66.30% of the stock is currently owned by institutional investors and hedge funds.

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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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