Frontier Communications Corporation (NASDAQ:FTR) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Thursday.

A number of other brokerages also recently issued reports on FTR. ValuEngine raised Frontier Communications Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Citigroup Inc. reduced their target price on Frontier Communications Corporation from $2.25 to $1.75 and set a “sell” rating for the company in a report on Monday, March 20th. Zacks Investment Research raised Frontier Communications Corporation from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 15th. Goldman Sachs Group, Inc. (The) downgraded Frontier Communications Corporation from a “neutral” rating to a “sell” rating and set a $1.50 target price for the company. in a report on Wednesday, March 22nd. They noted that the move was a valuation call. Finally, Morgan Stanley boosted their target price on Frontier Communications Corporation from $2.30 to $4.20 and gave the company an “equal weight” rating in a report on Thursday, March 30th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $3.95.

Frontier Communications Corporation (NASDAQ:FTR) traded up 5.12% during midday trading on Thursday, reaching $14.77. The company’s stock had a trading volume of 3,794,504 shares. Frontier Communications Corporation has a 1-year low of $13.13 and a 1-year high of $78.30. The firm’s market capitalization is $1.16 billion. The stock’s 50-day moving average price is $1.28 and its 200 day moving average price is $2.41.

Frontier Communications Corporation (NASDAQ:FTR) last announced its quarterly earnings results on Tuesday, May 2nd. The utilities provider reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.03. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Frontier Communications Corporation had a positive return on equity of 0.19% and a negative net margin of 2.65%. Equities analysts anticipate that Frontier Communications Corporation will post ($3.79) EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.08%. The ex-dividend date was Tuesday, June 13th. Frontier Communications Corporation’s dividend payout ratio is presently -38.11%.

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A number of hedge funds have recently bought and sold shares of FTR. Comerica Bank increased its stake in Frontier Communications Corporation by 1.7% in the fourth quarter. Comerica Bank now owns 301,680 shares of the utilities provider’s stock valued at $1,068,000 after buying an additional 4,949 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Frontier Communications Corporation by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 67,244 shares of the utilities provider’s stock valued at $227,000 after buying an additional 246 shares in the last quarter. GSA Capital Partners LLP increased its stake in Frontier Communications Corporation by 115.3% in the fourth quarter. GSA Capital Partners LLP now owns 77,707 shares of the utilities provider’s stock valued at $263,000 after buying an additional 41,620 shares in the last quarter. First Republic Investment Management Inc. increased its stake in Frontier Communications Corporation by 9.8% in the fourth quarter. First Republic Investment Management Inc. now owns 29,657 shares of the utilities provider’s stock valued at $101,000 after buying an additional 2,652 shares in the last quarter. Finally, Tudor Investment Corp Et Al bought a new stake in Frontier Communications Corporation during the fourth quarter valued at approximately $134,000. 62.88% of the stock is owned by hedge funds and other institutional investors.

About Frontier Communications Corporation

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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