Windstream Got Some Good News

By Jason Carr

Cowen & Co. analyst Gregory Williams upgraded Windstream (NASDAQ: WIN) to Buy today. The company’s shares closed yesterday at $7.23.

According to TipRanks.com, Williams is a 1-star analyst with an average return of -20.0% and a 0.0% success rate. Williams covers the Technology sector, focusing on stocks such as Frontier Comms., CenturyLink, and Verizon.

Windstream has an analyst consensus of Moderate Buy.

Based on Windstream’s latest earnings report from June 30, the company posted quarterly revenue of $1.36B and quarterly net profit of $1.5M. In comparison, last year the company earned revenue of $1.5B and had a net profit of -$7.2M.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WIN in relation to earlier this year. Earlier this month, Montgomery William Acker, a Director at WIN bought 32,000 shares for a total of $183,360.

Windstream Holdings, Inc. engages in the provision of communications and technology solutions. It offers enterprise and small business services including integrated voice and data services, multi-site networking, data center services, managed services, high-speed internet, and voice services; and consumer services such as high-speed internet access, internet security services, and online backup services. The company engages in four segments: Consumer and Small Business-ILEC, Carrier, Enterprise and Small Business-CLEC. Windstream Holdings was founded on August 30, 2013 and is headquartered in Little Rock, AR.