Windstream (WIN) Debt Trading 1.5% Higher
An issue of Windstream Holdings, Inc. (NASDAQ:WIN) debt rose 1.5% against its face value during trading on Tuesday. The high-yield issue of debt has a 7.5% coupon and is set to mature on April 1, 2023. The bonds in the issue are now trading at $70.25 and were trading at $68.50 last week. Price changes in a company’s debt in credit markets often anticipate parallel changes in its stock price.
Several analysts recently issued reports on the stock. BidaskClub raised shares of Windstream from a “hold” rating to a “buy” rating in a report on Saturday. Canaccord Genuity reaffirmed a “buy” rating and issued a $3.00 price target on shares of Windstream in a report on Monday. Finally, ValuEngine lowered shares of Windstream from a “sell” rating to a “strong sell” rating in a research note on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $3.00.
Shares of Windstream Holdings, Inc. (NASDAQ WIN) opened at $2.05 on Wednesday. The company has a debt-to-equity ratio of 20.24, a current ratio of 0.77 and a quick ratio of 0.70. Windstream Holdings, Inc. has a 12 month low of $1.73 and a 12 month high of $8.35.
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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