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Frontier Communications Corp (NYSE:FTR) was downgraded by equities research analysts at DA Davidson from a “neutral” rating to an “underperform” rating in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. They currently have a $5.00 price objective on the stock. DA Davidson’s price objective would suggest a potential downside of 16.94% from the company’s current price. The analysts noted that the move was a valuation call.

Shares of Frontier Communications Corp (NYSE:FTR) traded down 1.66% during mid-day trading on Wednesday, hitting $5.92. The stock had a trading volume of 3,365,925 shares. Frontier Communications Corp has a one year low of $3.80 and a one year high of $6.10. The stock’s 50-day moving average is $5.76 and its 200-day moving average is $5.00. The company has a market cap of $5.885 billion and a price-to-earnings ratio of 59.60.

Frontier Communications Corp (NYSE:FTR) last announced its earnings results on Tuesday, May 6th. The company reported $0.05 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.07 by $0.02. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company posted $0.05 earnings per share. Frontier Communications Corp’s revenue was down 4.2% compared to the same quarter last year. Analysts expect that Frontier Communications Corp will post $0.21 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders of record on Monday, June 9th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 6.64%. The ex-dividend date is Thursday, June 5th.

A number of other analysts have also recently weighed in on FTR. Analysts at Gabelli downgraded shares of Frontier Communications Corp from a “buy” rating to a “hold” rating in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $5.37.

Frontier Communications Corporation (NYSE:FTR) is a communications company providing services primarily to rural areas and small and medium-sized towns and cities in the United States.

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