Media stories about Windstream Holdings (NYSE:WIN) have been trending somewhat positive on Tuesday, Accern reports. The research firm ranks the sentiment of media coverage by monitoring 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 nearest to one being the most favorable. Windstream Holdings earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.0737613526351 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Windstream expands Kinetic brand across its local footprint (finance.yahoo.com)
- What CenturyLink’s Technical Indicators Say about Its Stock (finance.yahoo.com)
- Rihanna’s Thoughts on Losing Her Virginity Might Closely Mirror Your Own (currenthollywood.com)
- Head-To-Head Review: Windstream Holdings (WIN) and EarthLink Holdings Corp. (ELNK) (americanbankingnews.com)
- Head to Head Comparison: EarthLink Holdings Corp. (ELNK) and Windstream Holdings (WIN) (americanbankingnews.com)
Several research firms recently issued reports on WIN. Deutsche Bank AG reduced their price target on Windstream Holdings from $7.00 to $3.00 and set a “hold” rating on the stock in a research report on Tuesday, August 8th. Jefferies Group LLC reiterated a “hold” rating and issued a $2.50 price objective on shares of Windstream Holdings in a research report on Thursday, September 7th. Zacks Investment Research upgraded Windstream Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Bank of America Corporation lowered Windstream Holdings from a “buy” rating to an “underperform” rating and cut their price objective for the stock from $8.00 to $3.00 in a research report on Friday, August 4th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $2.40 price objective (down from $5.00) on shares of Windstream Holdings in a research report on Wednesday, August 23rd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $4.65.
Windstream Holdings (WIN) traded up 1.49% on Tuesday, hitting $2.05. The stock had a trading volume of 4,598,307 shares. Windstream Holdings has a 1-year low of $1.87 and a 1-year high of $10.45. The stock’s 50-day moving average is $2.48 and its 200 day moving average is $4.44. The firm’s market capitalization is $391.20 million.
Windstream Holdings (NYSE:WIN) last released its earnings results on Thursday, August 3rd. The company reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.08. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the company posted $0.01 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities research analysts predict that Windstream Holdings will post ($2.06) earnings per share for the current fiscal year.
Windstream Holdings declared that its Board of Directors has initiated a stock repurchase program on Thursday, August 3rd that permits the company to repurchase $90.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 19.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its shares are undervalued.
In other news, Director Alan L. Wells acquired 68,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were bought at an average price of $2.10 per share, with a total value of $142,800.00. Following the completion of the purchase, the director now directly owns 157,971 shares in the company, valued at $331,739.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anthony W. Thomas acquired 25,381 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average cost of $1.97 per share, for a total transaction of $50,000.57. Following the purchase, the director now owns 637,006 shares of the company’s stock, valued at $1,254,901.82. The disclosure for this purchase can be found here. In the last three months, insiders purchased 95,381 shares of company stock worth $196,901.
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Windstream Holdings Company Profile
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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