Morgan Stanley Reiterates “Equal Weight” Rating for Windstream Holdings Inc (WIN)
Windstream Holdings Inc (NYSE:WIN)‘s stock had its “equal weight” rating reissued by equities research analysts at Morgan Stanley in a research note issued to investors on Wednesday. They currently have a $5.00 price objective on the stock, down from their prior price objective of $9.00. Morgan Stanley’s price objective indicates a potential upside of 8.93% from the stock’s previous close.
Other equities analysts have also issued reports about the company. Deutsche Bank AG lowered their price target on Windstream Holdings from $8.50 to $7.00 and set a “hold” rating on the stock in a research note on Tuesday, March 14th. Zacks Investment Research lowered Windstream Holdings from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 6th. Jefferies Group LLC upgraded Windstream Holdings from an “underperform” rating to a “hold” rating and set a $7.50 price target on the stock in a research note on Thursday, March 2nd. Citigroup Inc. lowered their price target on Windstream Holdings from $8.50 to $7.00 and set a “neutral” rating on the stock in a research note on Monday, March 20th. Finally, J P Morgan Chase & Co initiated coverage on Windstream Holdings in a research note on Wednesday, March 15th. They set a “neutral” rating and a $7.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Windstream Holdings has an average rating of “Hold” and a consensus target price of $6.75.
Shares of Windstream Holdings (NYSE WIN) traded down 1.92% during mid-day trading on Wednesday, hitting $4.59. The stock had a trading volume of 1,894,449 shares. The company has a 50 day moving average price of $4.75 and a 200 day moving average price of $6.43. The firm’s market cap is $874.37 million. Windstream Holdings has a 12-month low of $4.20 and a 12-month high of $10.45.
Windstream Holdings (NYSE:WIN) last issued its quarterly earnings results on Thursday, May 4th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by $0.55. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter last year, the company earned ($2.52) EPS. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. Equities analysts forecast that Windstream Holdings will post ($1.98) earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be paid a $0.15 dividend. This is a positive change from Windstream Holdings’s previous quarterly dividend of $0.10. This represents a $0.60 annualized dividend and a dividend yield of 13.07%. The ex-dividend date of this dividend is Wednesday, June 28th.
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Several large investors have recently added to or reduced their stakes in the stock. UBS Oconnor LLC bought a new stake in Windstream Holdings during the first quarter valued at $15,887,000. Public Employees Retirement System of Ohio raised its stake in Windstream Holdings by 48.2% in the first quarter. Public Employees Retirement System of Ohio now owns 49,741 shares of the company’s stock valued at $271,000 after buying an additional 16,176 shares in the last quarter. Credit Suisse AG raised its stake in Windstream Holdings by 95.9% in the first quarter. Credit Suisse AG now owns 592,145 shares of the company’s stock valued at $3,227,000 after buying an additional 289,896 shares in the last quarter. Whitebox Advisors LLC bought a new stake in Windstream Holdings during the first quarter valued at $1,247,000. Finally, Metropolitan Life Insurance Co. NY raised its stake in Windstream Holdings by 94.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 126,036 shares of the company’s stock valued at $687,000 after buying an additional 61,370 shares in the last quarter.
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