Windstream Holdings Inc (WIN) Now Covered by JPMorgan Chase & Co.
JPMorgan Chase & Co. began coverage on shares of Windstream Holdings Inc (NYSE:WIN) in a research report released on Wednesday morning. The brokerage issued a neutral rating and a $7.00 price objective on the stock.
Several other equities research analysts have also commented on WIN. Zacks Investment Research upgraded Windstream Holdings from a hold rating to a buy rating and set a $8.50 price objective for the company in a research note on Wednesday, January 11th. Jefferies Group LLC upgraded Windstream Holdings from an underperform rating to a hold rating and set a $7.50 price objective for the company in a research note on Thursday, March 2nd. Finally, Deutsche Bank AG cut their price objective on Windstream Holdings from $8.50 to $7.00 and set a hold rating for the company in a research note on Tuesday, March 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. Windstream Holdings presently has an average rating of Hold and an average target price of $7.67.
Shares of Windstream Holdings (NYSE:WIN) opened at 6.37 on Wednesday. The stock has a 50 day moving average price of $7.17 and a 200 day moving average price of $7.93. Windstream Holdings has a 1-year low of $5.86 and a 1-year high of $10.45. The company’s market capitalization is $619.72 million.
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Windstream Holdings (NYSE:WIN) last announced its quarterly earnings results on Wednesday, March 1st. The company reported ($0.94) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.63) by $0.31. The company earned $1.31 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the company posted $1.41 EPS. The firm’s quarterly revenue was down 8.3% compared to the same quarter last year. On average, equities analysts anticipate that Windstream Holdings will post ($1.00) EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 24th. Investors of record on Friday, February 24th were issued a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 5.97%. The ex-dividend date of this dividend was Tuesday, February 28th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WIN. Norges Bank acquired a new position in Windstream Holdings during the fourth quarter worth approximately $2,596,000. WFG Advisors LP boosted its position in Windstream Holdings by 17,811.2% in the fourth quarter. WFG Advisors LP now owns 30,449 shares of the company’s stock worth $430,000 after buying an additional 30,279 shares in the last quarter. Numeric Investors LLC boosted its position in Windstream Holdings by 48.0% in the fourth quarter. Numeric Investors LLC now owns 123,392 shares of the company’s stock worth $904,000 after buying an additional 39,992 shares in the last quarter. United Capital Financial Advisers LLC boosted its position in Windstream Holdings by 25.4% in the fourth quarter. United Capital Financial Advisers LLC now owns 22,871 shares of the company’s stock worth $168,000 after buying an additional 4,632 shares in the last quarter. Finally, Two Sigma Investments LP boosted its position in Windstream Holdings by 2,297.8% in the fourth quarter. Two Sigma Investments LP now owns 834,741 shares of the company’s stock worth $6,119,000 after buying an additional 799,928 shares in the last quarter.
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