Shares of Frontier Communications Corporation (NASDAQ:FTR) have been given an average rating of “Hold” by the nineteen research firms that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $6.68.

Several brokerages recently weighed in on FTR. Jefferies Group LLC reiterated a “buy” rating and issued a $25.00 price target (down previously from $30.00) on shares of Frontier Communications Corporation in a report on Wednesday, August 2nd. Hilliard Lyons downgraded shares of Frontier Communications Corporation from a “neutral” rating to an “underperform” rating in a report on Thursday, August 3rd. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $16.00 price target on shares of Frontier Communications Corporation in a report on Tuesday, August 8th. Cowen and Company reiterated a “market perform” rating on shares of Frontier Communications Corporation in a report on Wednesday, August 2nd. Finally, UBS AG reiterated a “neutral” rating and issued a $15.00 price target on shares of Frontier Communications Corporation in a report on Wednesday, August 2nd.

Frontier Communications Corporation (NASDAQ FTR) traded down 1.81% during mid-day trading on Friday, reaching $13.56. 2,527,197 shares of the company’s stock were exchanged. The company’s 50-day moving average is $15.15 and its 200 day moving average is $27.01. The firm’s market capitalization is $1.06 billion. Frontier Communications Corporation has a one year low of $13.13 and a one year high of $72.00. Frontier Communications Corporation also saw unusually large options trading activity on Wednesday. Stock investors acquired 14,869 put options on the stock. This represents an increase of approximately 627% compared to the typical daily volume of 2,044 put options.

Frontier Communications Corporation (NASDAQ:FTR) last issued its quarterly earnings results 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. 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 during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter last year, the company posted ($0.29) EPS. Frontier Communications Corporation’s quarterly revenue was down 11.7% compared to the same quarter last year. Equities analysts predict that Frontier Communications Corporation will post ($3.93) earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.60 dividend. The ex-dividend date is Thursday, September 14th. This represents a $2.40 dividend on an annualized basis and a yield of 17.70%. This is a positive change from Frontier Communications Corporation’s previous quarterly dividend of $0.04. Frontier Communications Corporation’s dividend payout ratio (DPR) is presently -16.65%.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. increased its stake in shares of Frontier Communications Corporation by 0.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 3,071,083 shares of the utilities provider’s stock worth $10,381,000 after buying an additional 7,722 shares during the period. Teachers Advisors LLC increased its stake in shares of Frontier Communications Corporation by 10.2% in the fourth quarter. Teachers Advisors LLC now owns 1,542,051 shares of the utilities provider’s stock worth $5,212,000 after buying an additional 142,788 shares during the period. Macquarie Group Ltd. increased its stake in shares of Frontier Communications Corporation by 63.9% in the fourth quarter. Macquarie Group Ltd. now owns 57,000 shares of the utilities provider’s stock worth $193,000 after buying an additional 22,222 shares during the period. Creative Planning increased its stake in shares of Frontier Communications Corporation by 3.3% in the first quarter. Creative Planning now owns 218,705 shares of the utilities provider’s stock worth $468,000 after buying an additional 7,009 shares during the period. Finally, Gulf International Bank UK Ltd increased its stake in shares of Frontier Communications Corporation by 1.0% in the first quarter. Gulf International Bank UK Ltd now owns 393,937 shares of the utilities provider’s stock worth $843,000 after buying an additional 3,900 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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