Windstream (NASDAQ:WIN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Saturday.

According to Zacks, “Over the past three months, share prcie of Windstream declined 12.1% compared to the industry's 0.3% gain. Moreover, Windstream remains under pressure with losses in the wholesale business, technological changes and its related expenses, highly leveraged balance sheet, diminishing access lines and stringent regulatory measures. On the flip side, we appreciate Windstream’s focus on improving sales, cost-cutting initiatives, planned pricing initiatives which should rake in profits and check churn. Windstream is enhancing its Cloud Connect solution. Launch of a new multi-featured SD-WAN solution looks good. Expansion of Kinetic TV services in North Carolina, merger with EarthLink Holdings should rake in profits. Expansion of its metro fibre network business in the newer areas and aim to extend the deployment of G.fast technologies over traditional copper telephone wires bode well.”

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. lowered Windstream from a “neutral” rating to an “underweight” rating in a research report on Tuesday, January 2nd. BidaskClub lowered Windstream from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Barclays assumed coverage on Windstream in a research report on Friday, December 15th. They issued an “underweight” rating and a $1.50 price target for the company. Canaccord Genuity reissued a “buy” rating and issued a $3.00 price target on shares of Windstream in a research report on Monday, December 4th. Finally, ValuEngine lowered Windstream from a “sell” rating to a “strong sell” rating in a research report on Monday, October 2nd. Six research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Sell” and a consensus target price of $2.25.

Shares of Windstream (NASDAQ WIN) traded up $0.02 during midday trading on Friday, reaching $1.84. The company’s stock had a trading volume of 1,521,547 shares, compared to its average volume of 3,080,000. The company has a current ratio of 0.77, a quick ratio of 0.70 and a debt-to-equity ratio of 20.24. The company has a market cap of $332.89, a price-to-earnings ratio of -0.70 and a beta of -0.12. Windstream has a 1-year low of $1.71 and a 1-year high of $8.35.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Magnetar Financial LLC raised its position in shares of Windstream by 192.6% in the 3rd quarter. Magnetar Financial LLC now owns 177,379 shares of the technology company’s stock worth $314,000 after acquiring an additional 116,767 shares in the last quarter. Royce & Associates LP raised its position in shares of Windstream by 22.6% in the 3rd quarter. Royce & Associates LP now owns 2,346,752 shares of the technology company’s stock worth $4,154,000 after acquiring an additional 433,134 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in shares of Windstream by 287.1% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 115,280 shares of the technology company’s stock worth $204,000 after acquiring an additional 85,500 shares in the last quarter. Finally, California Public Employees Retirement System increased its position 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 buying an additional 509,970 shares in the last quarter. 66.27% of the stock is owned by hedge funds and other institutional investors.

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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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