Jefferies Starts Windstream (WIN) at Hold; Dividend Safe But Sees Better Upside Elsewhere

Jefferies initiates coverage on Windstream (NASDAQ: WIN) with a Hold. PT $14.00.

The believe there are other RLECs with more compelling investment stories.

Jefferies notes that among the RLECs, Windstream has been the most successful in turning around the revenue trend line, posting positive growth in 2Q. They have a high level of confidence that management will ultimately be able to integrate Paetec successfully, which they are calling "the single riskiest acquisition undertaken by an RLEC to date."

The firm views the company's dividend as secure, which currently yields 8%.
For an analyst ratings summary and ratings history on Windstream click here. For more ratings news on Windstream click here.

Shares of Windstream closed at $11.74 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Jefferies Assumes Honeywell International (HON) at Hold
• Atmus Filtration Technologies (ATMU) Raises Quarterly Dividend 9.1% to $0.06; 0.5% Yield
• Pegasystems (PEGA) Declares $0.083 Special Dividend; 0.2% Yield