Windstream Holdings Inc (NASDAQ:WIN)’s share price dropped 5.3% during trading on Tuesday . The company traded as low as $4.37 and last traded at $4.46. Approximately 775,123 shares were traded during trading, a decline of 1% from the average daily volume of 786,552 shares. The stock had previously closed at $4.71.
A number of equities analysts have issued reports on WIN shares. ValuEngine downgraded Windstream from a “sell” rating to a “strong sell” rating in a report on Monday, July 2nd. Zacks Investment Research downgraded Windstream from a “buy” rating to a “hold” rating in a report on Monday, July 23rd. Bank of America reduced their price target on Windstream from $7.50 to $4.50 and set an “underperform” rating for the company in a report on Monday, August 13th. Cowen restated a “buy” rating and set a $8.00 price target on shares of Windstream in a report on Friday, August 10th. Finally, Citigroup downgraded Windstream from a “neutral” rating to a “sell” rating and set a $2.25 price target for the company. in a report on Wednesday, July 18th. Six analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $4.98.
The company has a debt-to-equity ratio of -7.40, a current ratio of 0.70 and a quick ratio of 0.63. The firm has a market cap of $202.24 million, a price-to-earnings ratio of -0.54 and a beta of -0.05.
Windstream (NASDAQ:WIN) last issued its quarterly earnings results on Thursday, August 9th. The technology company reported ($2.30) earnings per share for the quarter, beating the consensus estimate of ($2.66) by $0.36. Windstream had a negative return on equity of 191.89% and a negative net margin of 36.51%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the company earned ($1.85) earnings per share. The company’s revenue was down 3.2% on a year-over-year basis. equities analysts forecast that Windstream Holdings Inc will post -9.46 EPS for the current fiscal year.
Large investors have recently modified their holdings of the company. Raymond James & Associates boosted its position in shares of Windstream by 31.2% during the second quarter. Raymond James & Associates now owns 44,557 shares of the technology company’s stock valued at $235,000 after buying an additional 10,607 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Windstream during the second quarter valued at $131,000. MYDA Advisors LLC purchased a new stake in shares of Windstream during the second quarter valued at $132,000. Acadian Asset Management LLC purchased a new stake in shares of Windstream during the second quarter valued at $173,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of Windstream during the second quarter valued at $174,000. Hedge funds and other institutional investors own 60.42% of the company’s stock.
About Windstream (NASDAQ:WIN)
Windstream Holdings, Inc provides network communications and technology solutions in the United States. Its Consumer & Small Business segment offers services, including traditional local and long-distance voice services, and high-speed Internet services; and value-added services, such as security and online back-up.
Featured Article: Book Value Per Share – BVPS
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.