Raymond James Downgrades Windstream Holdings to Underperform

Brokerage firm Raymond James Downgrades its rating on Windstream Holdings(NASDAQ:WIN). The shares have been rated Underperform. Previously, the analysts had a Market Perform rating on the shares. The rating by Raymond James was issued on Aug 5, 2016.

In a different note, On Jul 15, 2016, Jefferies said it Maintains its rating on Windstream Holdings. In the research note, the firm Raises the price-target to $4.00 per share. The shares have been rated ‘Underperform’ by the firm. On Jul 5, 2016, Citigroup said it Reinstates its rating on Windstream Holdings. The shares have been rated ‘Neutral’ by the firm.

Windstream Holdings (WIN) shares turned negative on Wednesdays trading session with the shares closing down -0.13 points or -1.52% at a volume of 9,62,199. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $8.53. The peak price level was also seen at $8.53 while the days lowest was $8.32. Finally the shares closed at $8.4. The 52-week high of the shares is $9.74 while the 52-week low is $4.75. According to the latest information available, the market cap of the company is $809 M.

Windstream Holdings has also declared a cash dividend of $0.1500 on Aug 3, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed on Sep 30, 2016. The dividend payable date has been fixed on Oct 17, 2016.

Windstream Holdings(WIN) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.36B. Analysts had an estimated revenue of $1.37B. Earnings per share were $0.01. Analysts had estimated an EPS of $-0.35.

Several Insider Transactions has been reported to the SEC. On Nov 19, 2015, William Acker Montgomery (director) purchased 32,000 shares at $5.73 per share price.Also, On Aug 17, 2015, Michael G. Stoltz (director) purchased 5,000 shares at $6.71 per share price.On Jul 1, 2015, Alan L Wells (director) purchased 15,000 shares at $6.38 per share price, according to the Form-4 filing with the securities and exchange commission.

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