Analysts at Barclays started coverage on shares of Windstream (NASDAQ:WIN) in a report issued on Friday, Marketbeat Ratings reports. The firm set an “underweight” rating and a $1.50 price target on the technology company’s stock. Barclays’ price objective points to a potential downside of 27.18% from the stock’s previous close.

A number of other brokerages have also recently issued reports on WIN. ValuEngine cut Windstream from a “sell” rating to a “strong sell” rating in a research report on Monday, October 2nd. BidaskClub raised Windstream from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. Finally, Canaccord Genuity reissued a “buy” rating and issued a $3.00 target price on shares of Windstream in a research report on Friday, November 24th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Windstream has a consensus rating of “Hold” and a consensus price target of $2.25.

Windstream (WIN) traded down $0.10 during trading hours on Friday, hitting $2.06. The stock had a trading volume of 9,719,119 shares, compared to its average volume of 3,580,723. Windstream has a twelve month low of $1.73 and a twelve month high of $8.35. The company has a quick ratio of 0.70, a current ratio of 0.77 and a debt-to-equity ratio of 20.24.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Royce & Associates LP raised its stake in Windstream by 22.6% during the 3rd quarter. Royce & Associates LP now owns 2,346,752 shares of the technology company’s stock valued at $4,154,000 after acquiring an additional 433,134 shares during the last quarter. California Public Employees Retirement System raised its stake in Windstream by 43.5% during the 3rd quarter. California Public Employees Retirement System now owns 1,682,724 shares of the technology company’s stock valued at $2,978,000 after acquiring an additional 509,970 shares during the last quarter. Magnetar Financial LLC raised its stake in Windstream by 192.6% during the 3rd quarter. Magnetar Financial LLC now owns 177,379 shares of the technology company’s stock valued at $314,000 after acquiring an additional 116,767 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in Windstream by 287.1% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 115,280 shares of the technology company’s stock valued at $204,000 after acquiring an additional 85,500 shares during the last quarter. 66.30% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “Windstream (WIN) Coverage Initiated by Analysts at Barclays” was published by American Banking News and is the property of of American Banking News. If you are viewing this article on another site, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/12/15/windstream-win-coverage-initiated-by-analysts-at-barclays.html.

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.

Receive News & Ratings for Windstream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Windstream and related companies with MarketBeat.com's FREE daily email newsletter.