Windstream Holdings Inc (WIN) Receives New Coverage from Analysts at Cowen and Company
Analysts at Cowen and Company began coverage on shares of Windstream Holdings Inc (NYSE:WIN) in a report released on Thursday, The Fly reports. The firm set a “market perform” rating on the stock.
Several other equities research analysts also recently weighed in on the company. Zacks Investment Research raised Windstream Holdings from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Thursday, October 6th. Raymond James Financial Inc. reaffirmed an “underperform” rating on shares of Windstream Holdings in a research report on Friday, August 5th. Jefferies Group reaffirmed a “sell” rating on shares of Windstream Holdings in a research report on Sunday, July 17th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a $10.00 target price on shares of Windstream Holdings in a research report on Tuesday, July 5th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $9.00.
Windstream Holdings (NYSE:WIN) opened at 8.36 on Thursday. Windstream Holdings has a 1-year low of $4.75 and a 1-year high of $10.46. The stock’s market cap is $804.77 million. The company’s 50-day moving average price is $9.21 and its 200-day moving average price is $8.81.
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Windstream Holdings (NYSE:WIN) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.35) by $0.36. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period last year, the firm posted ($1.13) EPS. Windstream Holdings’s revenue was down 4.3% on a year-over-year basis. Analysts predict that Windstream Holdings will post $0.41 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 7.18%. The ex-dividend date of this dividend is Wednesday, September 28th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Planning boosted its position in Windstream Holdings by 4.0% in the third quarter. Creative Planning now owns 10,269 shares of the company’s stock valued at $103,000 after buying an additional 397 shares during the period. Emerald Acquisition Ltd. acquired a new position in Windstream Holdings during the second quarter valued at approximately $105,000. Sii Investments Inc. WI acquired a new position in Windstream Holdings during the second quarter valued at approximately $109,000. Teacher Retirement System of Texas boosted its position in Windstream Holdings by 4.1% in the second quarter. Teacher Retirement System of Texas now owns 12,826 shares of the company’s stock valued at $119,000 after buying an additional 504 shares during the period. Finally, Atria Investments LLC acquired a new position in Windstream Holdings during the third quarter valued at approximately $139,000.
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