Windstream (NASDAQ:WIN)‘s stock had its “buy” rating reissued by stock analysts at Canaccord Genuity in a research note issued on Monday. They currently have a $3.00 price target on the technology company’s stock. Canaccord Genuity’s price objective suggests a potential upside of 32.74% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. BidaskClub raised Windstream from a “hold” rating to a “buy” rating in a report on Saturday. ValuEngine raised Windstream from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $3.00.

Windstream (NASDAQ WIN) traded down $0.40 during mid-day trading on Monday, hitting $2.26. The stock had a trading volume of 4,763,300 shares, compared to its average volume of 3,564,120. Windstream has a 1-year low of $1.73 and a 1-year high of $8.35. The company has a debt-to-equity ratio of 20.24, a current ratio of 0.77 and a quick ratio of 0.70.

Large investors have recently added to or reduced their stakes in the business. California Public Employees Retirement System increased its position in shares of Windstream by 43.5% in the third quarter. California Public Employees Retirement System now owns 1,682,724 shares of the technology company’s stock valued at $2,978,000 after buying an additional 509,970 shares in the last quarter. Royce & Associates LP increased its position in shares of Windstream by 22.6% in the third quarter. Royce & Associates LP now owns 2,346,752 shares of the technology company’s stock valued at $4,154,000 after buying an additional 433,134 shares in the last quarter. Magnetar Financial LLC increased its position in shares of Windstream by 192.6% in the third quarter. Magnetar Financial LLC now owns 177,379 shares of the technology company’s stock valued at $314,000 after buying an additional 116,767 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in shares of Windstream by 287.1% in the third quarter. Cubist Systematic Strategies LLC now owns 115,280 shares of the technology company’s stock valued at $204,000 after buying an additional 85,500 shares in the last quarter. Hedge funds and other institutional investors own 66.30% of the company’s stock.

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Windstream Company Profile

Windstream Corporation (Windstream) is a provider of advanced communications and technology solutions, including managed services and cloud computing, to businesses nationwide. In addition to business services, the Company offers broadband, voice and video services to consumers in primarily rural markets.

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