NEW YORK (TheStreet) -- Windstream(WIN) - Get Report shares are down 3.48% to $8.31 in afternoon trading on Monday after the voice and data network communications service provider had its price target lowered to $7.50 from $7.75 by analysts at Goldman Sachs today.

The price target represents a potential 12% downside from the stock's current trading price.

The company decided on a downgrade due to a valuation that consisted of "50/50 blend of two methods: dividend yield (7.5 percent) and 2016E EV/EBITDA (4.3x). The target multiples are based on peer/historical trading levels."

However, despite the downgraded outlook, the firm acknowledged that the company did have a potential upside risk because of  "accelerated uptake of WIN's broadband bundles, outperformance by WIN in the enterprise channel, a swift recovery in the economy, and potential future industry M&A activity."

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