Windstream (WINMQ) Upgraded to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Windstream (OTCMKTS:WINMQ) from a hold rating to a buy rating in a research note published on Thursday morning, Zacks.com reports. Zacks Investment Research currently has $0.25 price target on the stock.

According to Zacks, “Windstream Holdings, Inc. offers advanced network communications, including cloud computing and managed services, to businesses. The company also offers broadband, phone and digital TV services to consumers primarily in rural areas. Windstream Holdings, Inc., formerly known as Windstream Corporation, is based in Little Rock, Arkansas. “

Shares of WINMQ stock traded down $0.02 during trading hours on Thursday, hitting $0.29. 633,188 shares of the company were exchanged, compared to its average volume of 255,097. The company has a market cap of $13.11 million, a price-to-earnings ratio of -0.01 and a beta of 0.63. Windstream has a fifty-two week low of $0.20 and a fifty-two week high of $7.60.

Windstream (OTCMKTS:WINMQ) last announced its quarterly earnings data on Friday, March 15th. The company reported ($12.92) EPS for the quarter, missing the consensus estimate of ($2.54) by ($10.38). The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.40 billion. As a group, equities analysts expect that Windstream will post -2.99 EPS for the current year.

About Windstream

Windstream Holdings, Inc provides network communications and technology solutions in the United States. Its Consumer & Small Business segment offers services, including traditional local and long-distance voice services, and high-speed Internet services; and value-added services, such as security and online back-up.

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