Windstream Corp. Receives New Coverage from Analysts at Bernstein (WIN)
Equities researchers at Bernstein began coverage on shares of Windstream Corp. (NASDAQ:WIN) in a research report issued on Wednesday. The firm set an “outperform” rating and a $11.00 price target on the stock. Bernstein’s price target would suggest a potential upside of 20.22% from the stock’s previous close.
Shares of Windstream Corp. (NASDAQ:WIN) traded down 1.51% during mid-day trading on Wednesday, hitting $9.15. The stock had a trading volume of 6,672,159 shares. Windstream Corp. has a 52-week low of $7.18 and a 52-week high of $9.57. The stock has a 50-day moving average of $8.95 and a 200-day moving average of $8.25. The company has a market cap of $5.514 billion and a P/E ratio of 28.24.
Windstream Corp. (NASDAQ:WIN) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.04 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.09 by $0.05. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was down 2.1% on a year-over-year basis. On average, analysts predict that Windstream Corp. will post $0.32 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 10.93%. The ex-dividend date of this dividend is Thursday, June 26th.
A number of other firms have also recently commented on WIN. Analysts at TheStreet upgraded shares of Windstream Corp. from a “hold” rating to a “buy” rating in a research note on Friday, March 21st. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Windstream Corp. in a research note on Tuesday, March 11th. They now have a $8.50 price target on the stock. Finally, analysts at Ned Davis Research upgraded shares of Windstream Corp. from a “sell” rating to a “neutral” rating in a research note on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $8.50.
Windstream Corporation (NASDAQ:WIN) is a provider of advanced communications and technology solutions, including managed services and cloud computing, to businesses nationwide.
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