Windstream Holdings (WIN) Getting Somewhat Favorable Press Coverage, Report Shows
Media headlines about Windstream Holdings (NYSE:WIN) have been trending somewhat positive on Wednesday, according to Accern. Accern ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Windstream Holdings earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.6050870266643 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Windstream Intensifies SDN Focus, Expands SDNow to 50 Markets Across the U.S. (finance.yahoo.com)
- Windstream Holdings Inc (WIN) Lowered to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Windstream Holdings Inc (WIN) Upgraded by BidaskClub to “Hold” (americanbankingnews.com)
- Uniti – An Update On The Court Filings (seekingalpha.com)
- Windstream Holdings Inc (WIN) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Windstream Holdings from a “buy” rating to a “hold” rating in a research note on Monday. BidaskClub raised shares of Windstream Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Jefferies Group LLC reissued a “hold” rating and set a $2.50 price target on shares of Windstream Holdings in a research report on Thursday, September 7th. Morgan Stanley reissued an “equal weight” rating and set a $2.40 price target (down from $5.00) on shares of Windstream Holdings in a research report on Wednesday, August 23rd. Finally, UBS AG reissued a “sell” rating and set a $2.00 price target (down from $4.00) on shares of Windstream Holdings in a research report on Monday, August 14th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $4.08.
Shares of Windstream Holdings (WIN) traded up 4.42% during trading on Wednesday, hitting $2.01. 2,581,476 shares of the stock were exchanged. The stock’s market cap is $383.56 million. The firm’s 50 day moving average price is $2.00 and its 200-day moving average price is $3.58. Windstream Holdings has a 52 week low of $1.73 and a 52 week high of $8.55.
Windstream Holdings (NYSE:WIN) last posted its quarterly earnings data on Thursday, August 3rd. The company reported ($0.37) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.45) by $0.08. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the company earned $0.01 earnings per share. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, analysts predict that Windstream Holdings will post ($1.96) EPS for the current year.
Windstream Holdings declared that its Board of Directors has initiated a stock buyback program on Thursday, August 3rd that authorizes the company to buyback $90.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 19.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
In related news, Director Anthony W. Thomas bought 25,381 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were acquired at an average cost of $1.97 per share, with a total value of $50,000.57. Following the completion of the purchase, the director now directly owns 637,006 shares in the company, valued at $1,254,901.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alan L. Wells acquired 68,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was acquired at an average cost of $2.10 per share, for a total transaction of $142,800.00. Following the completion of the purchase, the director now directly owns 157,971 shares of the company’s stock, valued at approximately $331,739.10. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 95,381 shares of company stock worth $196,901.
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About Windstream Holdings
Windstream Holdings, Inc provides network communications and technology solutions in the United States. Its ILEC Consumer and Small Business segment offers consumer services, including high-speed Internet access; Internet security services; online backup services; basic local telephone services and long-distance services, as well as call waiting, caller identification, call forwarding, and other services; and video services, as well as owns and operates cable television franchises, and sells and leases equipment to support its consumer high-speed Internet and voice services.
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