Shares of Windstream Holdings Inc (NYSE:WIN) have earned an average recommendation of “Hold” from the twelve brokerages that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $4.98.
Several equities analysts have commented on WIN shares. Zacks Investment Research raised Windstream Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $5.00 price objective (down previously from $9.00) on shares of Windstream Holdings in a research report on Wednesday, June 14th. Bank of America Corporation downgraded Windstream Holdings from a “buy” rating to an “underperform” rating and cut their price objective for the company from $8.00 to $3.00 in a research report on Friday, August 4th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $2.50 price objective (down previously from $5.00) on shares of Windstream Holdings in a research report on Wednesday. Finally, Deutsche Bank AG cut their price objective on Windstream Holdings from $7.00 to $3.00 and set a “hold” rating on the stock in a research report on Tuesday.
In related news, Director Alan L. Wells acquired 68,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was purchased at an average cost of $2.10 per share, for a total transaction of $142,800.00. Following the purchase, the director now directly owns 157,971 shares of the company’s stock, valued at approximately $331,739.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Large investors have recently modified their holdings of the company. Russell Investments Group Ltd. bought a new stake in shares of Windstream Holdings during the fourth quarter worth $120,000. State Street Corp boosted its stake in Windstream Holdings by 12.5% in the fourth quarter. State Street Corp now owns 2,174,588 shares of the company’s stock worth $15,936,000 after buying an additional 241,378 shares during the period. Norges Bank acquired a new stake in Windstream Holdings during the fourth quarter worth approximately $2,596,000. Highbridge Capital Management LLC boosted its stake in Windstream Holdings by 31.3% in the fourth quarter. Highbridge Capital Management LLC now owns 27,826 shares of the company’s stock worth $204,000 after buying an additional 6,626 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in Windstream Holdings during the first quarter worth approximately $105,000.
Windstream Holdings (NYSE:WIN) opened at 2.11 on Tuesday. The company’s market cap is $402.65 million. Windstream Holdings has a 12 month low of $2.00 and a 12 month high of $10.46. The stock has a 50 day moving average of $3.59 and a 200-day moving average of $5.30.
Windstream Holdings (NYSE:WIN) last released its quarterly earnings results on Thursday, August 3rd. The company reported ($0.37) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.45) by $0.08. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.50 billion. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.01 EPS. Equities research analysts expect that Windstream Holdings will post ($2.03) EPS for the current year.
Windstream Holdings announced that its Board of Directors has authorized a share repurchase program on Thursday, August 3rd that authorizes the company to buyback $90.00 million in shares. This buyback authorization authorizes the company to repurchase up to 19.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
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Windstream Holdings Company Profile
Windstream Holdings, Inc provides network communications and technology solutions in the United States. Its ILEC Consumer and Small Business segment offers consumer services, including high-speed Internet access; Internet security services; online backup services; basic local telephone services and long-distance services, as well as call waiting, caller identification, call forwarding, and other services; and video services, as well as owns and operates cable television franchises, and sells and leases equipment to support its consumer high-speed Internet and voice services.
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