Windstream (WIN) Debt Trading 1.3% Lower

An issue of Windstream Holdings Inc (NASDAQ:WIN) debt fell 1.3% against its face value during trading on Friday. The high-yield issue of debt has a 9% coupon and will mature on June 30, 2025. The debt is now trading at $69.25 and was trading at $72.50 one week ago. Price changes in a company’s debt in credit markets often predict parallel changes in its stock price.

A number of brokerages have recently weighed in on WIN. Zacks Investment Research downgraded Windstream from a “buy” rating to a “hold” rating in a report on Monday, August 6th. Morgan Stanley upped their target price on Windstream from $2.00 to $10.00 and gave the company an “equal weight” rating in a report on Tuesday, May 29th. Deutsche Bank upped their target price on Windstream from $2.00 to $10.00 and gave the company a “hold” rating in a report on Wednesday, May 30th. ValuEngine upgraded Windstream from a “sell” rating to a “hold” rating in a report on Tuesday, May 29th. Finally, Citigroup downgraded Windstream from a “neutral” rating to a “sell” rating and set a $2.25 target price on the stock. in a report on Wednesday, July 18th. Six analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Windstream has an average rating of “Hold” and a consensus target price of $4.98.

Shares of WIN traded down $0.24 during trading hours on Friday, reaching $3.82. The company’s stock had a trading volume of 955,500 shares, compared to its average volume of 788,136. The company has a market capitalization of $185.49 million, a price-to-earnings ratio of -0.50 and a beta of -0.05. Windstream Holdings Inc has a 1-year low of $3.03 and a 1-year high of $13.65. The company has a debt-to-equity ratio of -7.40, a current ratio of 0.70 and a quick ratio of 0.63.

Windstream (NASDAQ:WIN) last released its quarterly earnings data on Thursday, August 9th. The technology company reported ($2.30) EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the company posted ($1.85) earnings per share. The firm’s revenue was down 3.2% on a year-over-year basis. equities research analysts expect that Windstream Holdings Inc will post -9.46 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC increased its holdings in Windstream by 127.1% in the first quarter. MetLife Investment Advisors LLC now owns 90,224 shares of the technology company’s stock worth $127,000 after buying an additional 50,491 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Windstream in the second quarter worth approximately $131,000. MYDA Advisors LLC acquired a new position in Windstream in the second quarter worth approximately $132,000. Acadian Asset Management LLC acquired a new position in Windstream in the second quarter worth approximately $173,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in Windstream in the second quarter worth approximately $174,000. Hedge funds and other institutional investors own 60.42% of the company’s stock.

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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