Frontier Communications Corporation (FTR) Price Target Lowered to $15.00 at Deutsche Bank AG

Frontier Communications Corporation (NASDAQ:FTR) had its price target trimmed by Deutsche Bank AG from $17.00 to $15.00 in a research report sent to investors on Tuesday. The firm currently has a hold rating on the utilities provider’s stock.

FTR has been the subject of a number of other reports. BidaskClub upgraded Frontier Communications Corporation from a strong sell rating to a sell rating in a research report on Monday, July 31st. ValuEngine upgraded Frontier Communications Corporation from a sell rating to a hold rating in a research report on Tuesday, July 11th. Zacks Investment Research upgraded Frontier Communications Corporation from a hold rating to a buy rating and set a $1.25 price target for the company in a report on Wednesday, July 5th. Finally, Royal Bank Of Canada reiterated a hold rating and set a $16.00 price target on shares of Frontier Communications Corporation in a report on Sunday, September 17th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $8.02.

Frontier Communications Corporation (NASDAQ:FTR) traded down 2.42% on Tuesday, reaching $12.08. 326,693 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $12.74 and its 200 day moving average is $18.62. Frontier Communications Corporation has a 1-year low of $11.65 and a 1-year high of $63.90. The stock’s market capitalization is $948.47 million.

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

TRADEMARK VIOLATION NOTICE: “Frontier Communications Corporation (FTR) Price Target Lowered to $15.00 at Deutsche Bank AG” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another site, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/11/frontier-communications-corporation-ftr-price-target-lowered-to-15-00-at-deutsche-bank-ag.html.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a $0.60 dividend. This is a positive change from Frontier Communications Corporation’s previous quarterly dividend of $0.04. This represents a $2.40 annualized dividend and a yield of 19.39%. The ex-dividend date of this dividend was Thursday, September 14th. Frontier Communications Corporation’s payout ratio is -16.65%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. FNY Partners Fund LP lifted its holdings in Frontier Communications Corporation by 900.0% in the 2nd quarter. FNY Partners Fund LP now owns 10,000 shares of the utilities provider’s stock worth $174,000 after purchasing an additional 9,000 shares during the last quarter. Cadence Capital Management LLC increased its position in Frontier Communications Corporation by 6.1% in the 1st quarter. Cadence Capital Management LLC now owns 46,516 shares of the utilities provider’s stock worth $100,000 after buying an additional 2,661 shares during the period. Fiera Capital Corp bought a new position in Frontier Communications Corporation in the 2nd quarter worth approximately $905,000. Blair William & Co. IL increased its position in Frontier Communications Corporation by 89.5% in the 1st quarter. Blair William & Co. IL now owns 64,553 shares of the utilities provider’s stock worth $185,000 after buying an additional 30,483 shares during the period. Finally, Oppenheimer & Co. Inc. increased its position in Frontier Communicatio

FTR has been the subject of a number of other reports. BidaskClub upgraded Frontier Communications Corporation from a strong sell rating to a sell rating in a research report on Monday, July 31st. ValuEngine upgraded Frontier Communications Corporation from a sell rating to a hold rating in a research report on Tuesday, July 11th. Zacks Investment Research upgraded Frontier Communications Corporation from a hold rating to a buy rating and set a $1.25 price target for the company in a report on Wednesday, July 5th. Finally, Royal Bank Of Canada reiterated a hold rating and set a $16.00 price target on shares of Frontier Communications Corporation in a report on Sunday, September 17th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $8.02.

Frontier Communications Corporation (NASDAQ:FTR) traded down 2.42% on Tuesday, reaching $12.08. 326,693 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $12.74 and its 200 day moving average is $18.62. Frontier Communications Corporation has a 1-year low of $11.65 and a 1-year high of $63.90. The stock’s market capitalization is $948.47 million.

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

TRADEMARK VIOLATION NOTICE: “Frontier Communications Corporation (FTR) Price Target Lowered to $15.00 at Deutsche Bank AG” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another site, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/11/frontier-communications-corporation-ftr-price-target-lowered-to-15-00-at-deutsche-bank-ag.html.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a $0.60 dividend. This is a positive change from Frontier Communications Corporation’s previous quarterly dividend of $0.04. This represents a $2.40 annualized dividend and a yield of 19.39%. The ex-dividend date of this dividend was Thursday, September 14th. Frontier Communications Corporation’s payout ratio is -16.65%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. FNY Partners Fund LP lifted its holdings in Frontier Communications Corporation by 900.0% in the 2nd quarter. FNY Partners Fund LP now owns 10,000 shares of the utilities provider’s stock worth $174,000 after purchasing an additional 9,000 shares during the last quarter. Cadence Capital Management LLC increased its position in Frontier Communications Corporation by 6.1% in the 1st quarter. Cadence Capital Management LLC now owns 46,516 shares of the utilities provider’s stock worth $100,000 after buying an additional 2,661 shares during the period. Fiera Capital Corp bought a new position in Frontier Communications Corporation in the 2nd quarter worth approximately $905,000. Blair William & Co. IL increased its position in Frontier Communications Corporation by 89.5% in the 1st quarter. Blair William & Co. IL now owns 64,553 shares of the utilities provider’s stock worth $185,000 after buying an additional 30,483 shares during the period. Finally, Oppenheimer & Co. Inc. increased its position in Frontier Communications Corporation by 27.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 64,788 shares of the utilities provider’s stock worth $139,000 after buying an additional 14,124 shares during the period.

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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