Frontier Communications Corporation (FTR) Receives Consensus Recommendation of “Hold” from Analysts

Frontier Communications Corporation (NASDAQ:FTR) has been assigned a consensus recommendation of “Hold” from the nineteen brokerages that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $8.00.

A number of research firms have weighed in on FTR. Jefferies Group LLC reissued a “buy” rating and set a $25.00 target price (down previously from $30.00) on shares of Frontier Communications Corporation in a research report on Wednesday, August 2nd. Zacks Investment Research raised shares of Frontier Communications Corporation from a “hold” rating to a “buy” rating and set a $1.25 target price for the company in a research report on Wednesday, July 5th. Morgan Stanley cut their target price on shares of Frontier Communications Corporation from $2.30 to $1.50 and set an “equal weight” rating for the company in a research report on Wednesday, June 14th. ValuEngine raised shares of Frontier Communications Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, BidaskClub raised shares of Frontier Communications Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th.

WARNING: This news story was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another site, it was illegally copied and reposted in violation of US & international copyright and trademark law. The correct version of this news story can be accessed at https://ledgergazette.com/2017/10/08/frontier-communications-corporation-ftr-receives-consensus-recommendation-of-hold-from-analysts.html.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Lord Abbett & CO. LLC raised its position in shares of Frontier Communications Corporation by 0.7% during the second quarter. Lord Abbett & CO. LLC now owns 2,755,300 shares of the utilities provider’s stock valued at $3,196,000 after buying an additional 20,500 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in shares of Frontier Communications Corporation by 30.0% during the second quarter. Ameritas Investment Partners Inc. now owns 449,395 shares of the utilities provider’s stock valued at $521,000 after buying an additional 103,589 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Frontier Communications Corporation by 53.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 381,695 shares of the utilities provider’s stock valued at $443,000 after buying an additional 132,156 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Frontier Communications Corporation during the second quarter valued at about $4,048,000. Finally, State Street Corp raised its position in shares of Frontier Communications Corporation by 14.9% during the second quarter. State Street Corp now owns 49,574,081 shares of the utilities provider’s stock valued at $57,507,000 after buying an additional 6,445,036 shares during the last quarter.

Frontier Communications Corporation (NASDAQ FTR) traded up 0.33% on Friday, reaching $12.20. The company’s stock had a trading volume of 1,743,548 shares. The stock has a 50 day moving average price of $12.78 and a 200-day moving average price of $19.09. Frontier Communications Corporation has a 1-year low of $11.65 and a 1-year high of $64.35. The company’s market capitalization is $957.90 million.

Frontier Communications Corporation (NASDAQ:FTR) last issued its quarterly earnings data on Tuesday, August 1st. The utilities provider reported ($1.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.07) by ($0.03). The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.31 billion. Frontier Communications Corporation had a negative return on equity of 1.28% and a negative net margin of 9.35%. The company’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.29) earnings per share. Equities analysts predict that Frontier Communications Corporation will post ($4.13) earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a dividend of $0.60 per share. The ex-divid

A number of research firms have weighed in on FTR. Jefferies Group LLC reissued a “buy” rating and set a $25.00 target price (down previously from $30.00) on shares of Frontier Communications Corporation in a research report on Wednesday, August 2nd. Zacks Investment Research raised shares of Frontier Communications Corporation from a “hold” rating to a “buy” rating and set a $1.25 target price for the company in a research report on Wednesday, July 5th. Morgan Stanley cut their target price on shares of Frontier Communications Corporation from $2.30 to $1.50 and set an “equal weight” rating for the company in a research report on Wednesday, June 14th. ValuEngine raised shares of Frontier Communications Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, BidaskClub raised shares of Frontier Communications Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th.

WARNING: This news story was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another site, it was illegally copied and reposted in violation of US & international copyright and trademark law. The correct version of this news story can be accessed at https://ledgergazette.com/2017/10/08/frontier-communications-corporation-ftr-receives-consensus-recommendation-of-hold-from-analysts.html.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Lord Abbett & CO. LLC raised its position in shares of Frontier Communications Corporation by 0.7% during the second quarter. Lord Abbett & CO. LLC now owns 2,755,300 shares of the utilities provider’s stock valued at $3,196,000 after buying an additional 20,500 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in shares of Frontier Communications Corporation by 30.0% during the second quarter. Ameritas Investment Partners Inc. now owns 449,395 shares of the utilities provider’s stock valued at $521,000 after buying an additional 103,589 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Frontier Communications Corporation by 53.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 381,695 shares of the utilities provider’s stock valued at $443,000 after buying an additional 132,156 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Frontier Communications Corporation during the second quarter valued at about $4,048,000. Finally, State Street Corp raised its position in shares of Frontier Communications Corporation by 14.9% during the second quarter. State Street Corp now owns 49,574,081 shares of the utilities provider’s stock valued at $57,507,000 after buying an additional 6,445,036 shares during the last quarter.

Frontier Communications Corporation (NASDAQ FTR) traded up 0.33% on Friday, reaching $12.20. The company’s stock had a trading volume of 1,743,548 shares. The stock has a 50 day moving average price of $12.78 and a 200-day moving average price of $19.09. Frontier Communications Corporation has a 1-year low of $11.65 and a 1-year high of $64.35. The company’s market capitalization is $957.90 million.

Frontier Communications Corporation (NASDAQ:FTR) last issued its quarterly earnings data on Tuesday, August 1st. The utilities provider reported ($1.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.07) by ($0.03). The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.31 billion. Frontier Communications Corporation had a negative return on equity of 1.28% and a negative net margin of 9.35%. The company’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.29) earnings per share. Equities analysts predict that Frontier Communications Corporation will post ($4.13) earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 19.67%. This is a positive change from Frontier Communications Corporation’s previous quarterly dividend of $0.04. Frontier Communications Corporation’s dividend payout ratio is currently -16.65%.

Frontier Communications Corporation Company Profile

Frontier Communications Corporation (Frontier) is a provider of communications services in the United States. The Company offers a portfolio of communications services for residential and business customers. Its products and services include data and Internet services, video services, voice services, access services and customer premise equipment (CPE).

Analyst Recommendations for Frontier Communications Corporation (NASDAQ:FTR)

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