Windstream (WIN -3.3%) slumps after receiving a downgrade to Reduce from Nomura. The firm is...

|About: Windstream Holdings, Inc. (WIN)|By:, SA News Editor

Windstream (WIN -3.3%) slumps after receiving a downgrade to Reduce from Nomura. The firm is worried about macro conditions, growing CLEC competition, a mix shift towards lower-margin services, and the telco's need to keep capex down in order to maintain its huge dividend (current yield of 10.1%).