Cowen and Company started coverage on shares of Windstream Holdings Inc (NYSE:WIN) in a research note released on Thursday morning. The brokerage issued a market perform rating and a $9.00 price objective on the stock.
Several other research firms have also recently commented on WIN. Jefferies Group restated a sell rating on shares of Windstream Holdings in a report on Sunday, July 17th. Zacks Investment Research upgraded shares of Windstream Holdings from a hold rating to a buy rating and set a $10.00 price target for the company in a report on Monday, August 1st. Raymond James Financial Inc. restated an underperform rating on shares of Windstream Holdings in a report on Friday, August 5th. Finally, Citigroup Inc. restated a neutral rating and set a $10.00 price target on shares of Windstream Holdings in a report on Tuesday, July 5th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a strong buy rating to the company. Windstream Holdings currently has an average rating of Hold and a consensus price target of $8.63.
Shares of Windstream Holdings (NYSE:WIN) traded up 0.24% on Thursday, reaching $8.46. 303,796 shares of the company’s stock traded hands. Windstream Holdings has a 52 week low of $4.75 and a 52 week high of $10.46. The company’s 50-day moving average is $9.21 and its 200-day moving average is $8.81. The firm’s market capitalization is $814.39 million.
Windstream Holdings (NYSE:WIN) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.35) by $0.36. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.37 billion. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.13) earnings per share. Equities research analysts anticipate that Windstream Holdings will post $0.41 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 7.11%. The ex-dividend date of this dividend is Wednesday, September 28th.
A number of hedge funds have recently bought and sold shares of the stock. Creative Planning boosted its stake in Windstream Holdings by 4.0% in the third quarter. Creative Planning now owns 10,269 shares of the company’s stock worth $103,000 after buying an additional 397 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Windstream Holdings by 2.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 17,323 shares of the company’s stock worth $161,000 after buying an additional 447 shares during the period. Teacher Retirement System of Texas boosted its stake in Windstream Holdings by 4.1% in the second quarter. Teacher Retirement System of Texas now owns 12,826 shares of the company’s stock worth $119,000 after buying an additional 504 shares during the period. Wellington Shields Capital Management LLC boosted its stake in Windstream Holdings by 3.4% in the second quarter. Wellington Shields Capital Management LLC now owns 60,600 shares of the company’s stock worth $562,000 after buying an additional 2,000 shares during the period. Finally, ProShare Advisors LLC boosted its stake in Windstream Holdings by 7.9% in the second quarter. ProShare Advisors LLC now owns 27,316 shares of the company’s stock worth $253,000 after buying an additional 2,006 shares during the period.
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