Windstream (WIN) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research lowered shares of Windstream (NASDAQ:WIN) from a buy rating to a hold rating in a report published on Monday morning.

According to Zacks, “Windstream is seeking diversification from legacy telecom services and has made significant investments to upgrade its network and product portfolio. The launch of SD-WAN and cloud-to-cloud disaster recovery management solutions remain positives. Windstream is realigning its wireless network towards a software-centric model to meet increasing demands. The company is focusing on improving sales, reducing operating costs and exploring competitive pricing initiatives. However, the stock has underperformed the industry in the past year on an average. Wireless competition has further resulted in reduction in the company’s access lines. Additionally, Windstream’s carrier transport business continues to remain under pressure as the telecom operators demand smaller amounts of copper-based dedicated circuits to transfer data traffic between different points within their network.”

Several other equities research analysts have also commented on WIN. ValuEngine lowered shares of Windstream from a sell rating to a strong sell rating in a research report on Tuesday, September 18th. Bank of America decreased their price objective on shares of Windstream from $7.50 to $4.50 and set an underperform rating on the stock in a research report on Monday, August 13th. Cowen reiterated a buy rating and issued a $8.00 price objective on shares of Windstream in a research report on Friday, August 10th. Citigroup lowered shares of Windstream from a neutral rating to a sell rating and set a $2.25 price objective on the stock. in a research report on Wednesday, July 18th. Finally, Deutsche Bank boosted their price objective on shares of Windstream from $2.00 to $10.00 and gave the stock a hold rating in a research report on Wednesday, May 30th. Seven investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $4.98.

NASDAQ:WIN opened at $4.85 on Monday. The company has a debt-to-equity ratio of -7.40, a quick ratio of 0.63 and a current ratio of 0.70. Windstream has a fifty-two week low of $3.03 and a fifty-two week high of $13.65. The firm has a market cap of $215.98 million, a PE ratio of -0.60 and a beta of -0.05.

Windstream (NASDAQ:WIN) last posted its quarterly earnings results on Thursday, August 9th. The technology company reported ($2.30) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($2.66) by $0.36. Windstream had a negative net margin of 36.51% and a negative return on equity of 191.89%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the prior year, the company posted ($1.85) EPS. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. equities research analysts expect that Windstream will post -9.17 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its holdings in Windstream by 66.4% in the 1st quarter. SG Americas Securities LLC now owns 154,229 shares of the technology company’s stock valued at $217,000 after purchasing an additional 61,544 shares in the last quarter. Swiss National Bank lifted its holdings in Windstream by 12.2% in the 1st quarter. Swiss National Bank now owns 347,704 shares of the technology company’s stock valued at $490,000 after purchasing an additional 37,800 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Windstream by 19.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 2,029,154 shares of the technology company’s stock valued at $2,862,000 after purchasing an additional 326,356 shares in the last quarter. KBC Group NV purchased a new position in Windstream in the 1st quarter valued at about $409,000. Finally, Gamco Investors INC. ET AL lifted its holdings in Windstream by 17.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 686,661 shares of the technology company’s stock valued at $968,000 after purchasing an additional 104,000 shares in the last quarter. Institutional investors and hedge funds own 60.37% of the company’s stock.

Windstream Company Profile

Windstream Holdings, Inc provides network communications and technology solutions in the United States. Its Consumer & Small Business segment offers services, including traditional local and long-distance voice services, and high-speed Internet services; and value-added services, such as security and online back-up.

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