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Frontier Communications Corp (NYSE:FTR) was downgraded by research analysts at Jefferies Group from a “buy” rating to a “hold” rating in a report released on Friday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Sanford C. Bernstein initiated coverage on shares of Frontier Communications Corp in a research note on Thursday, May 22nd. They set a “market perform” rating on the stock. Separately, analysts at Bernstein initiated coverage on shares of Frontier Communications Corp in a research note on Wednesday, May 21st. They set a “market perform” rating and a $7.00 price target on the stock. Finally, analysts at Gabelli downgraded shares of Frontier Communications Corp from a “buy” rating to a “hold” rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $5.64.

Shares of Frontier Communications Corp (NYSE:FTR) opened at 5.72 on Friday. Frontier Communications Corp has a 52-week low of $3.80 and a 52-week high of $6.10. The stock has a 50-day moving average of $5.87 and a 200-day moving average of $5.1. The company has a market cap of $5.733 billion and a P/E ratio of 58.90.

Frontier Communications Corp (NYSE:FTR) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was down 4.2% on a year-over-year basis. On average, analysts predict that Frontier Communications Corp will post $0.21 earnings per share 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 6.99%. The ex-dividend date is Thursday, June 5th.

Frontier Communications Corporation is a communications company. The Company is engaged in providing services predominantly to rural areas and small and medium-sized towns and cities in the United States.

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