Frontier Communications Corporation (NASDAQ:FTR)‘s stock had its “neutral” rating reissued by UBS AG in a research report issued on Tuesday, www.flashratings.com reports. They presently have a $15.00 price target on the utilities provider’s stock, down from their prior price target of $26.25. UBS AG’s price target suggests a potential downside of 1.32% from the company’s current price.

FTR has been the topic of several other research reports. BidaskClub raised shares of Frontier Communications Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Macquarie reissued a “hold” rating and set a $2.65 target price on shares of Frontier Communications Corporation in a research note on Thursday, April 13th. ValuEngine raised shares of Frontier Communications Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Zacks Investment Research raised shares of Frontier Communications Corporation from a “hold” rating to a “buy” rating and set a $1.25 target price on the stock in a research note on Wednesday, July 5th. Finally, Citigroup Inc. raised shares of Frontier Communications Corporation from a “sell” rating to a “neutral” rating and set a $1.75 target price on the stock in a research note on Wednesday, May 3rd. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Frontier Communications Corporation has a consensus rating of “Hold” and a consensus target price of $6.11.

Shares of Frontier Communications Corporation (FTR) traded down 4.46% on Tuesday, hitting $15.20. 3,085,511 shares of the stock were exchanged. The firm’s market cap is $1.18 billion. The firm’s 50 day moving average price is $16.10 and its 200 day moving average price is $29.71. Frontier Communications Corporation has a one year low of $13.13 and a one year high of $74.70.

Frontier Communications Corporation (NASDAQ:FTR) last issued its quarterly earnings data on Tuesday, August 1st. The utilities provider reported ($1.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.07) by $0.03. The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.31 billion. Frontier Communications Corporation had a negative net margin of 9.35% and a negative return on equity of 1.28%. The company’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.29) earnings per share. Equities analysts anticipate that Frontier Communications Corporation will post ($3.37) earnings per share for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. boosted its position in shares of Frontier Communications Corporation by 4.3% in the second quarter. Principal Financial Group Inc. now owns 4,940,323 shares of the utilities provider’s stock valued at $5,730,000 after buying an additional 201,711 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Frontier Communications Corporation by 62.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 273,953 shares of the utilities provider’s stock valued at $318,000 after buying an additional 104,883 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Frontier Communications Corporation by 11.8% in the second quarter. Pacer Advisors Inc. now owns 168,703 shares of the utilities provider’s stock valued at $196,000 after buying an additional 17,848 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of Frontier Communications Corporation by 4.3% in the second quarter. Prudential Financial Inc. now owns 782,845 shares of the utilities provider’s stock valued at $908,000 after buying an additional 32,418 shares during the last quarter. Finally, Aviva PLC boosted its position in shares of Frontier Communications Corporation by 0.5% in the second quarter. Aviva PLC now owns 736,919 shares of the utilities provider’s stock valued at $855,000 after buying an additional 3,410 shares during the last quarter.

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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