Windstream Holdings Inc (NYSE:WIN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Windstream posted mixed second-quarter 2017 financial results, where its net loss was narrower than the Zacks Consensus Estimate, revenues missed the same. We appreciate Windstream’s focus on improving sales and cutting costs which should rake in profits and check churn. Windstream’s cloud-to-cloud disaster recovery management solutions replicate mission-critical virtual servers and data. Launch of Kinetic TV services and merger with EarthLink Holdings also bode well. Expansion of its metro fibre network business in the Atlanta, Minneapolis, St. Louis, Cleveland and Chicago area and aim to extend the deployment of G.fast technologies over traditional copper telephone wires bode well. However, over the past three months, the stock price lagged its industry’s growth. Windstream’s highly leveraged balance sheet, diminishing access lines, losses in the wholesale business and stringent regulatory measures are near-term risks.”

Several other research firms have also recently weighed in on WIN. Morgan Stanley restated an “equal weight” rating and set a $5.00 target price (down from $9.00) on shares of Windstream Holdings in a research note on Wednesday, June 14th. Raymond James Financial, Inc. upgraded Windstream Holdings from an “underperform” rating to an “outperform” rating and set a $5.25 target price for the company in a research note on Wednesday, May 17th. Citigroup Inc. cut their target price on Windstream Holdings from $5.25 to $4.00 and set a “neutral” rating for the company in a research note on Thursday, July 13th. Bank of America Corporation cut Windstream Holdings from a “buy” rating to an “underperform” rating and set a $3.00 target price for the company. in a research note on Friday. Finally, Deutsche Bank AG cut their target price on Windstream Holdings from $7.00 to $3.00 and set a “hold” rating for the company in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Windstream Holdings has a consensus rating of “Hold” and a consensus price target of $5.75.

Shares of Windstream Holdings (NYSE:WIN) traded down 1.42% during trading on Tuesday, reaching $2.09. The company’s stock had a trading volume of 4,879,508 shares. The company’s market cap is $398.13 million. The firm’s 50-day moving average is $3.99 and its 200 day moving average is $5.53. Windstream Holdings has a 52-week low of $2.07 and a 52-week high of $10.45.

Windstream Holdings (NYSE:WIN) last issued its quarterly earnings results on Thursday, August 3rd. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.45) by $0.08. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the company earned $0.01 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities research analysts predict that Windstream Holdings will post ($1.85) EPS for the current fiscal year.

Windstream Holdings declared that its Board of Directors has approved a share buyback plan on Thursday, August 3rd that permits the company to repurchase $90.00 million in shares. This repurchase authorization permits the company to purchase up to 19.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. American International Group Inc. increased its stake in shares of Windstream Holdings by 102.9% in the first quarter. American International Group Inc. now owns 112,077 shares of the company’s stock valued at $611,000 after buying an additional 56,849 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Windstream Holdings by 61.0% in the first quarter. UBS Asset Management Americas Inc. now owns 147,392 shares of the company’s stock valued at $803,000 after buying an additional 55,837 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Windstream Holdings by 71.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,012,867 shares of the company’s stock valued at $10,971,000 after buying an additional 841,275 shares in the last quarter. Berson & Corrado Investment Advisors LLC increased its stake in shares of Windstream Holdings by 212.8% in the second quarter. Berson & Corrado Investment Advisors LLC now owns 342,703 shares of the company’s stock valued at $1,330,000 after buying an additional 233,160 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Windstream Holdings by 18.2% in the first quarter. Legal & General Group Plc now owns 345,159 shares of the company’s stock valued at $1,881,000 after buying an additional 53,214 shares in the last quarter.

About Windstream Holdings

Windstream Holdings, Inc provides network communications and technology solutions in the United States. Its ILEC Consumer and Small Business segment offers consumer services, including high-speed Internet access; Internet security services; online backup services; basic local telephone services and long-distance services, as well as call waiting, caller identification, call forwarding, and other services; and video services, as well as owns and operates cable television franchises, and sells and leases equipment to support its consumer high-speed Internet and voice services.

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