Guggenheim assumed coverage on shares of Windstream (NASDAQ:WIN) in a report published on Tuesday, Marketbeat reports. The firm issued a sell rating and a $1.35 target price on the technology company’s stock.
WIN has been the subject of a number of other 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. ValuEngine raised shares of Windstream from a strong sell rating to a sell rating in a research report on Wednesday, February 28th. Finally, Canaccord Genuity reissued a buy rating and issued a $3.00 price objective on shares of Windstream in a research report on Friday, November 24th. Seven investment analysts have rated the stock with a sell rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of Sell and a consensus target price of $1.95.
Shares of Windstream (NASDAQ:WIN) opened at $1.75 on Tuesday. Windstream has a twelve month low of $1.28 and a twelve month high of $6.47. The stock has a market capitalization of $291.50, a price-to-earnings ratio of -0.14 and a beta of 0.07. The company has a debt-to-equity ratio of -7.94, a current ratio of 0.60 and a quick ratio of 0.54.
In related news, Director Michael G. Stoltz purchased 29,734 shares of Windstream stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average price of $1.58 per share, with a total value of $46,979.72. Following the completion of the transaction, the director now owns 97,453 shares of the company’s stock, valued at approximately $153,975.74. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.95% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Teacher Retirement System of Texas lifted its position 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 purchasing an additional 45,589 shares during the last quarter. Paloma Partners Management Co acquired a new stake in Windstream during the fourth quarter worth about $126,000. Bank of Montreal Can raised its stake in Windstream by 2,071.1% during the fourth quarter. Bank of Montreal Can now owns 106,928 shares of the technology company’s stock worth $197,000 after acquiring an additional 102,003 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in Windstream by 848,461.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 110,313 shares of the technology company’s stock worth $204,000 after acquiring an additional 110,300 shares during the period. Finally, Cubist Systematic Strategies LLC raised its stake in Windstream by 287.1% during the third quarter. Cubist Systematic Strategies LLC now owns 115,280 shares of the technology company’s stock worth $204,000 after acquiring an additional 85,500 shares during the period. 61.69% of the stock is currently owned by institutional investors and hedge funds.
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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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