Canaccord Genuity Reaffirms “Buy” Rating for Windstream (WIN)

Canaccord Genuity reissued their buy rating on shares of Windstream (NASDAQ:WIN) in a research report released on Friday, November 24th. They currently have a $3.00 price objective on the technology company’s stock.

Other equities analysts have also issued reports about the stock. ValuEngine lowered shares of Windstream from a sell rating to a strong sell rating in a report on Monday, October 2nd. BidaskClub upgraded Windstream from a sell rating to a hold rating in a research note on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. Windstream presently has an average rating of Hold and a consensus target price of $3.00.

Shares of Windstream (WIN) traded down $0.21 on Friday, hitting $2.05. The stock had a trading volume of 4,299,500 shares, compared to its average volume of 3,567,262. The company has a current ratio of 0.77, a quick ratio of 0.70 and a debt-to-equity ratio of 20.24. Windstream has a 12-month low of $1.73 and a 12-month high of $8.35.

A number of institutional investors have recently modified their holdings of WIN. Cubist Systematic Strategies LLC boosted its holdings in shares of Windstream by 287.1% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 115,280 shares of the technology company’s stock valued at $204,000 after purchasing an additional 85,500 shares during the last quarter. Magnetar Financial LLC boosted its holdings in shares of Windstream by 192.6% during the 3rd quarter. Magnetar Financial LLC now owns 177,379 shares of the technology company’s stock valued at $314,000 after purchasing an additional 116,767 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of Windstream by 43.5% during the 3rd quarter. California Public Employees Retirement System now owns 1,682,724 shares of the technology company’s stock valued at $2,978,000 after purchasing an additional 509,970 shares during the last quarter. Finally, Royce & Associates LP boosted its holdings in shares of Windstream by 22.6% during the 3rd quarter. Royce & Associates LP now owns 2,346,752 shares of the technology company’s stock valued at $4,154,000 after purchasing an additional 433,134 shares during the last quarter. 66.30% of the stock is owned by institutional investors.

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Windstream Company Profile

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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