Gabelli Maintains Hold on Windstream

Gabelli is out with its report today on Windstream WIN, maintaining Hold. In its report, Gabelli writes, "Windstream does deserve a premium valuation over its RLEC peers, given its defensible rural footprint, strong FCF generation prospects, and significant exposure to growing broadband and business areas. However, we believe these factors as well as a sustainable $1 per share dividend (8.6% current return) are adequately reflected in the current stock price." At the time of posting, shares of WIN were trading at $11.31, down 2.52% from Friday's close.