Windstream Holdings Inc (WIN) Receives Consensus Rating of “Hold” from Brokerages
Shares of Windstream Holdings Inc (NYSE:WIN) have been assigned an average recommendation of “Hold” from the five brokerages that are presently covering the stock. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $9.50.
Several brokerages have recently issued reports on WIN. Zacks Investment Research raised Windstream Holdings from a “hold” rating to a “strong-buy” rating and set a $9.50 target price for the company in a research report on Thursday. Cowen and Company began coverage on Windstream Holdings in a research report on Thursday. They set a “market perform” rating and a $9.00 target price for the company. Raymond James Financial Inc. reaffirmed an “underperform” rating on shares of Windstream Holdings in a research report on Friday, August 5th. Jefferies Group reaffirmed a “sell” rating on shares of Windstream Holdings in a research report on Sunday, July 17th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a $10.00 target price on shares of Windstream Holdings in a research report on Tuesday, July 5th.
A number of large investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its stake in shares of Windstream Holdings by 170.8% in the third quarter. Nisa Investment Advisors LLC now owns 58,666 shares of the company’s stock valued at $590,000 after buying an additional 37,000 shares during the period. Atria Investments LLC purchased a new stake in shares of Windstream Holdings during the third quarter valued at $139,000. Creative Planning raised its stake in shares of Windstream Holdings by 4.0% in the third quarter. Creative Planning now owns 10,269 shares of the company’s stock valued at $103,000 after buying an additional 397 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Windstream Holdings by 2.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 17,323 shares of the company’s stock valued at $161,000 after buying an additional 447 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of Windstream Holdings by 13.4% in the second quarter. Royal Bank of Canada now owns 88,700 shares of the company’s stock valued at $821,000 after buying an additional 10,466 shares during the period.
Shares of Windstream Holdings (NYSE:WIN) traded up 1.56% on Thursday, reaching $8.49. The company’s stock had a trading volume of 934,905 shares. The stock’s market cap is $817.28 million. The firm’s 50-day moving average price is $9.21 and its 200-day moving average price is $8.81. Windstream Holdings has a 12 month low of $4.75 and a 12 month high of $10.46.
Windstream Holdings (NYSE:WIN) last announced its earnings results on Thursday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.36. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the prior year, the business earned ($1.13) earnings per share. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. On average, analysts forecast that Windstream Holdings will post $0.41 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 7.18%. The ex-dividend date of this dividend is Wednesday, September 28th.
Windstream Holdings Company Profile
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