Windstream Holdings Receives Average Rating of “Hold” from Analysts (NASDAQ:WIN)
Windstream Holdings (NASDAQ:WIN) has been given an average recommendation of “Hold” by the twelve ratings firms that are presently covering the stock, AmericanBankingNews.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $11.57.
Shares of Windstream Holdings (NASDAQ:WIN) opened at 11.16 on Monday. Windstream Holdings has a 1-year low of $7.18 and a 1-year high of $13.30. The stock has a 50-day moving average of $10.43 and a 200-day moving average of $9.05. The company has a market cap of $6.726 billion and a price-to-earnings ratio of 35.11.
Windstream Holdings (NASDAQ:WIN) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.05. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. On average, analysts predict that Windstream Holdings will post $0.31 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Tuesday, September 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 8.66%. The ex-dividend date of this dividend is Friday, September 26th.
A number of analysts have recently weighed in on WIN shares. Analysts at Davidson raised their price target on shares of Windstream Holdings from $9.00 to $14.50 in a research note on Thursday, July 31st. They now have a “buy” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Windstream Holdings in a research note on Wednesday, July 30th. They now have a $12.00 price target on the stock, up previously from $9.50. Finally, analysts at DA Davidson upgraded shares of Windstream Holdings from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 30th. They now have a $14.50 price target on the stock, up previously from $9.00.
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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