Zacks Investment Research downgraded shares of Windstream (NASDAQ:WIN) from a hold rating to a sell rating in a report released on Saturday morning.

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 for the company. Canaccord Genuity reiterated 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 equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company’s stock. Windstream presently has a consensus rating of Sell and an average price target of $2.25.

Shares of Windstream (NASDAQ WIN) opened at $1.48 on Friday. Windstream has a 12 month low of $1.28 and a 12 month high of $7.93. The company has a quick ratio of 0.70, a current ratio of 0.77 and a debt-to-equity ratio of 20.24. The firm has a market cap of $263.38, a PE ratio of -0.56 and a beta of -0.39.

Several large investors have recently modified their holdings of WIN. California Public Employees Retirement System raised its position in shares of Windstream by 38.0% in the 4th quarter. California Public Employees Retirement System now owns 2,322,351 shares of the technology company’s stock valued at $4,296,000 after buying an additional 639,627 shares in the last quarter. Royce & Associates LP raised its position in shares of Windstream by 22.6% in the 3rd 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 in the last quarter. Wells Fargo & Company MN raised its position in shares of Windstream by 148.1% in the 4th quarter. Wells Fargo & Company MN now owns 652,756 shares of the technology company’s stock valued at $1,208,000 after buying an additional 389,632 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Windstream by 20.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,702,798 shares of the technology company’s stock valued at $3,151,000 after buying an additional 289,748 shares in the last quarter. Finally, Magnetar Financial LLC raised its position in shares of Windstream by 192.6% in the 3rd 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 in the last quarter. Institutional investors 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.

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