Public bug reported:

The wifi device disconnect sometime randomly or sometime when switching hotspot 
with the following dmesg output:
[ 1039.212949] iwlwifi 0000:01:00.0: L1 Enabled - LTR Enabled
[ 1039.213503] iwlwifi 0000:01:00.0: L1 Enabled - LTR Enabled
[ 1039.221549] pcieport 0000:00:1c.0: AER: Corrected error received: id=00e0
[ 1039.221561] pcieport 0000:00:1c.0: PCIe Bus Error: severity=Corrected, 
type=Physical Layer, id=00e0(Receiver ID)
[ 1039.221566] pcieport 0000:00:1c.0:   device [8086:9d14] error 
status/mask=00000001/00002000
[ 1039.221569] pcieport 0000:00:1c.0:    [ 0] Receiver Error         (First)
[ 1039.239086] IPv6: ADDRCONF(NETDEV_UP): wlp1s0: link is not ready

The device at pcieport 0000:00:1c.0 seems to be the Intel 7265 wireless:
$ lspci -tv
-[0000:00]-+-00.0  Intel Corporation Device 5904
           +-02.0  Intel Corporation Device 5916
           +-14.0  Intel Corporation Sunrise Point-LP USB 3.0 xHCI Controller
           +-14.2  Intel Corporation Sunrise Point-LP Thermal subsystem
           +-16.0  Intel Corporation Sunrise Point-LP CSME HECI #1
           +-17.0  Intel Corporation Sunrise Point-LP SATA Controller [AHCI 
mode]
           +-1c.0-[01]----00.0  Intel Corporation Wireless 7265
           +-1d.0-[02]----00.0  Samsung Electronics Co Ltd NVMe SSD Controller
           +-1f.0  Intel Corporation Device 9d58
           +-1f.2  Intel Corporation Sunrise Point-LP PMC
           +-1f.3  Intel Corporation Device 9d71
           \-1f.4  Intel Corporation Sunrise Point-LP SMBus

To allow the device to connect again I use the following:
$ sudo systemctl restart network-manager.service

That said, the pcieport 0000:00:1c.0 dmesg outputs sometimes appears
without affecting the wifi connection...

$ lsb_release -rd
Description:    Ubuntu 16.04.1 LTS
Release:        16.04

$ inxi -Abd
System:    Host: 710s Kernel: 4.4.0-62-generic x86_64 (64 bit) Desktop: Unity 
7.4.0  Distro: Ubuntu 16.04 xenial
Machine:   System: LENOVO (portable) product: 80VQ v: Lenovo ideapad 710S-13IKB
           Mobo: LENOVO model: Lenovo ideapad 710S-13IKB v: SDK0J40709 WIN
           Bios: LENOVO v: 3HCN12S2 date: 10/07/2016
CPU:       Dual core Intel Core i7-7500U (-HT-MCP-) speed/max: 600/2701 MHz
Graphics:  Card: Intel Device 5916
           Display Server: X.Org 1.18.4 drivers: intel (unloaded: fbdev,vesa) 
Resolution: 1920x1080@60.02hz
           GLX Renderer: Mesa DRI Intel Kabylake GT2 GLX Version: 3.0 Mesa 
11.2.0
Audio:     Card Intel Device 9d71 driver: snd_hda_intel Sound: ALSA v: 
k4.4.0-62-generic
Network:   Card: Intel Wireless 7265 driver: iwlwifi
Drives:    HDD Total Size: NA (-) ID-1: /dev/nvme0n1 model: N/A size: 256.1GB
           Optical: No optical drives detected.
Info:      Processes: 244 Uptime: 34 min Memory: 2000.8/7876.3MB Client: Shell 
(bash) inxi: 2.2.35

** Affects: alsa-driver (Ubuntu)
     Importance: Undecided
         Status: New

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https://bugs.launchpad.net/bugs/1663050

Title:
  Intel 7265 wireless device disconnect: link is not ready

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