Windstream Rating Lowered to Neutral at Citigroup (WIN)
Windstream (NYSE: WIN) was downgraded by investment analysts at Citigroup (NYSE: C) from a “buy” rating to a “neutral” rating in a note issued to investors on Friday. They currently have a $15.00 target price on the stock, up from their previous target price of $11.00.
Windstream traded down 2.61% on Friday, hitting $9.6806. Windstream has a 52-week low of $10.76 and a 52-week high of $13.57. The company has a market cap of $5.695 billion and a price-to-earnings ratio of 25.95.
Windstream last posted its quarterly earnings results on Thursday, May 10th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.01. The company’s revenue for the quarter was up 51.0% on a year-over-year basis. Analysts expect that Windstream will post $0.14 EPS next quarter.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Windstream in a research note to investors on Thursday, March 29th. They now have a $12.00 price target on the stock.
Windstream Corporation (Windstream) is a telecommunications company that provides phone, high-speed Internet and digital television services.