ValuEngine cut shares of Windstream (NASDAQ:WIN) from a sell rating to a strong sell rating in a report published on Wednesday morning.
WIN has been the topic of several other research reports. Zacks Investment Research cut shares of Windstream from a hold rating to a sell rating in a research report on Tuesday, February 27th. BidaskClub raised shares of Windstream from a hold rating to a buy rating in a research report on Saturday, December 2nd. Canaccord Genuity reissued a buy rating and set a $3.00 price target on shares of Windstream in a research report on Friday, November 24th. Finally, Barclays began coverage on shares of Windstream in a research report on Friday, December 15th. They set an underweight rating and a $1.50 price target on the stock. Six investment analysts have rated the stock with a sell rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of Sell and a consensus target price of $2.25.
Shares of Windstream (NASDAQ:WIN) opened at $1.66 on Wednesday. Windstream has a 1 year low of $1.28 and a 1 year high of $6.59. The company has a current ratio of 0.60, a quick ratio of 0.54 and a debt-to-equity ratio of -7.94.
In other news, Director Michael G. Stoltz bought 29,734 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were purchased at an average cost of $1.58 per share, for a total transaction of $46,979.72. Following the completion of the purchase, the director now owns 97,453 shares of the company’s stock, valued at $153,975.74. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.95% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas increased its stake in shares of Windstream by 300.4% during the fourth quarter. Teacher Retirement System of Texas now owns 60,764 shares of the technology company’s stock worth $112,000 after buying an additional 45,589 shares during the period. Paloma Partners Management Co purchased a new position in Windstream in the fourth quarter valued at approximately $126,000. Bank of Montreal Can increased its stake in Windstream by 2,071.1% in the fourth quarter. Bank of Montreal Can now owns 106,928 shares of the technology company’s stock valued at $197,000 after purchasing an additional 102,003 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in Windstream by 287.1% in the third quarter. Cubist Systematic Strategies LLC now owns 115,280 shares of the technology company’s stock valued at $204,000 after purchasing an additional 85,500 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its stake in 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 valued at $204,000 after purchasing an additional 110,300 shares during the last quarter. Hedge funds and other institutional investors own 61.46% of the company’s stock.
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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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