Windstream (WIN) Debt Trading 2.5% Higher

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An issue of Windstream Holdings Inc (NASDAQ:WIN) debt rose 2.5% against its face value during trading on Thursday. The high-yield issue of debt has a 10.5% coupon and will mature on June 30, 2024. The debt is now trading at $84.50 and was trading at $82.50 one week ago. Price changes in a company’s debt in credit markets often predict parallel changes in its share price.

Several analysts have weighed in on the stock. ValuEngine cut shares of Windstream from a “hold” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research cut shares of Windstream from a “buy” rating to a “hold” rating in a research note on Saturday, October 13th. Bank of America dropped their price objective on shares of Windstream from $7.50 to $4.50 and set an “underperform” rating for the company in a research note on Monday, August 13th. Finally, Cowen reiterated a “buy” rating and issued a $8.00 price objective on shares of Windstream in a research note on Friday, August 10th. Seven investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $4.98.

Shares of NASDAQ:WIN traded down $0.09 during midday trading on Friday, hitting $5.02. The stock had a trading volume of 719,467 shares, compared to its average volume of 467,003. The stock has a market capitalization of $195.80 million, a PE ratio of -0.62 and a beta of 0.09. Windstream Holdings Inc has a fifty-two week low of $3.03 and a fifty-two week high of $13.65.

Windstream (NASDAQ:WIN) last issued its earnings results on Thursday, November 8th. The technology company reported ($2.57) EPS for the quarter, beating the consensus estimate of ($2.58) by $0.01. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.43 billion. Windstream’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($2.75) earnings per share. On average, sell-side analysts forecast that Windstream Holdings Inc will post -10.62 EPS for the current fiscal year.

Large investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new position in shares of Windstream in the 2nd quarter valued at approximately $131,000. MYDA Advisors LLC acquired a new position in Windstream during the 2nd quarter worth approximately $132,000. Acadian Asset Management LLC acquired a new position in Windstream during the 2nd quarter worth approximately $173,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in Windstream during the 2nd quarter worth approximately $174,000. Finally, Raymond James & Associates increased its position in Windstream by 31.2% during the 2nd quarter. Raymond James & Associates now owns 44,557 shares of the technology company’s stock worth $235,000 after purchasing an additional 10,607 shares in the last quarter. Institutional investors own 60.36% of the company’s stock.

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Windstream Company Profile (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.

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