BofA/Merrill downgrades Windstream (WIN) to Neutral. The rural telco, which reaffirmed its...

|About: Windstream Holdings, Inc. (WIN)|By:, SA News Editor
BofA/Merrill downgrades Windstream (WIN) to Neutral. The rural telco, which reaffirmed its commitment to its lofty dividend (11.4% yield) in February amidst concerns it's unsustainable, delivers its Q1 report on May 9. Shares fell on Wednesday in response to AT&T's disappointing wireline top-line numbers (particularly for wireline voice services). 13.2% of the float was shorted as of March 28.