An issue of Windstream Holdings, Inc. (NASDAQ:WIN) bonds rose 0.8% against their face value during trading on Wednesday. The debt issue has a 8.625% coupon and is set to mature on October 31, 2025. The debt is now trading at $97.50 and was trading at $96.25 last week. Price moves in a company’s bonds in credit markets often predict parallel moves in its stock price.
A number of equities research analysts recently issued reports on the stock. Barclays assumed 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. BidaskClub downgraded shares of Windstream from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. Canaccord Genuity reaffirmed a “buy” rating and set a $3.00 price target on shares of Windstream in a research note on Monday, December 4th. Finally, ValuEngine downgraded shares of Windstream from a “sell” rating to a “strong sell” rating in a research note on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $2.25.
Windstream Holdings, Inc. (NASDAQ:WIN) traded up $0.01 during midday trading on Wednesday, hitting $1.90. 2,335,372 shares of the stock were exchanged, compared to its average volume of 3,550,660. 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 $353.01, a PE ratio of -0.69 and a beta of 0.30. Windstream Holdings, Inc. has a 12-month low of $1.73 and a 12-month high of $8.35.
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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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