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Windstream -7.2% as UBS downgrades to Sell on dividend fears

Jul. 13, 2015 10:32 AM ETWindstream Holdings, Inc. (WINMQ) StockUNIT, WINMQBy: Jason Aycock, SA News Editor8 Comments
  • Windstream (NASDAQ:WIN) has slid, -7.2%, as UBS downgrades shares to Sell and questions the stability of its dividend -- one of the stock's stronger attributes.
  • Difficult trends should continue, says Batya Levi: "Windstream shares have been pressured by dividend-coverage concerns, its relationship with CSAL and worsening fundamentals. We expect the declining trend in revenues and EBITDA to continue to weigh on shares."
  • The company's remaining stake in Communications Sales & Leasing (CSAL), its REIT spinoff, is key to covering a dividend with a yield of 7.75%.
  • UBS is expecting Q2 revenues to slip 3.4% Y/Y to $1.42B; with relative strength in Consumer/SME while Enterprise/Wholesale continues to fall.

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