Windstream (WIN) Bonds Drop 3.3% During Trading
An issue of Windstream Holdings Inc (NASDAQ:WIN) debt fell 3.3% against its face value during trading on Tuesday. The high-yield issue of debt has a 9% coupon and will mature on June 30, 2025. The debt is now trading at $62.19 and was trading at $67.50 one week ago. Price moves in a company’s debt in credit markets sometimes predict parallel moves in its share price.
Several analysts have commented on WIN shares. Cowen downgraded shares of Windstream from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $8.00 to $1.00 in a research report on Tuesday, February 19th. Raymond James downgraded shares of Windstream from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 19th. Zacks Investment Research downgraded shares of Windstream from a “hold” rating to a “sell” rating in a research report on Friday, February 15th. ValuEngine raised shares of Windstream from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Wells Fargo & Co downgraded shares of Windstream from a “market perform” rating to an “underperform” rating and set a $0.48 target price for the company. in a research report on Tuesday, February 26th. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $3.93.
WIN stock traded down $0.03 during trading hours on Thursday, hitting $0.28. The company’s stock had a trading volume of 1,091,227 shares, compared to its average volume of 1,733,055. Windstream Holdings Inc has a 12 month low of $0.27 and a 12 month high of $9.18.
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About Windstream (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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