Windstream Holdings, Inc. (NASDAQ:WIN) – May stay rangebound in $7.00-$9.00

Windstream Holdings, Inc. (NASDAQ:WIN), a telecommunications service provider, ended the second consecutive positive day with a gain of 1.93%. The stock is stuck in the range of $7.20-$8.10 for the last 5 weeks but the weekly closing in the green, coupled with a sharp -spike in volume shows some buying interest. Obviously, the market was interested by the purchase of 25000 shares by Anthony Thomas, the Director, President and CEO of Windstream Holdings, Inc. (NASDAQ:WIN), resulting in his indirect ownership of 11881 shares, on the top of 554804 shares he directly holds already. His stake amounts to 0.10% of the company which is commensurate with his designation.

Do analyst foresee a double-top for WIN?

Windstream Holdings, Inc. (NASDAQ:WIN) is expected to report its next quarterly earnings on May 14. The market expects the company to announce an EPS of $-0.04, resulting in a growth rate of -28.50% on a y-o-y basis. The last result reported in February had shown an EPS of $0.03, exactly matching the consensus of $0.03. The company is going to pay a quarterly dividend of $0.25 on 15th April, amounting to roughly 3% of the current price and that may result in a 3% drop in the stock price when it trades ex-dividend.

WIN

The stock has a “buy” rating from four analysts, “sell” from three and “hold” from ten analysts. The general target expected in the stock comes at $8.43. Technically, the stock looks capable of reaching $9 levels, where a very strong supply area waits for new buyers, but the stock must break above $8.45 before that. The small band of $8.50-$9.00 is a historical congestion zone and may keep the price in the range of $7-$9 for a few weeks more but the initial signs of bearish momentum exhaustion can’t be ignored. Investors can keep the stock on their watch list.

 

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Erica

Erica

Erica is a graduate of New York University’s school of Journalism. She joined US Markets Daily as a general assignment reporter in January of 2008.