Windstream (NASDAQ:WIN) Rating Lowered to Sell at BidaskClub

Windstream (NASDAQ:WIN) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Wednesday, December 27th.

WIN has been the topic of several other research reports. ValuEngine downgraded shares of Windstream from a “sell” rating to a “strong sell” rating in a report on Monday, October 2nd. Canaccord Genuity reaffirmed a “buy” rating and set a $3.00 price target on shares of Windstream in a research note on Friday, November 24th. Finally, Barclays started coverage on shares of Windstream in a research note on Friday, December 15th. They set an “underweight” rating and a $1.50 price target on the stock. Six analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Sell” and a consensus target price of $2.25.

Windstream (NASDAQ WIN) traded down $0.01 on Wednesday, hitting $1.72. 2,459,865 shares of the company’s stock were exchanged, compared to its average volume of 1,790,149. Windstream has a fifty-two week low of $1.63 and a fifty-two week high of $8.35. 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 capitalization of $316.42, a price-to-earnings ratio of -0.63 and a beta of 0.32.

Windstream (NASDAQ:WIN) last released its earnings results on Thursday, November 9th. The technology company reported ($0.55) EPS for the quarter, missing the consensus estimate of ($0.46) by ($0.09). Windstream had a negative return on equity of 64.22% and a negative net margin of 6.49%. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.51 billion. equities research analysts expect that Windstream will post -2.19 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of Montreal Can grew its holdings in shares of Windstream by 2,071.1% in the fourth quarter. Bank of Montreal Can now owns 106,928 shares of the technology company’s stock worth $197,000 after purchasing an additional 102,003 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Windstream by 848,461.5% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 110,313 shares of the technology company’s stock worth $204,000 after purchasing an additional 110,300 shares during the last quarter. Cubist Systematic Strategies LLC grew its holdings 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 worth $204,000 after purchasing an additional 85,500 shares during the last quarter. Magnetar Financial LLC grew its holdings 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 worth $314,000 after purchasing an additional 116,767 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings 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 worth $2,978,000 after purchasing an additional 509,970 shares during the last quarter. 66.27% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Windstream (NASDAQ:WIN)

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