Frontier Communications Corporation (NASDAQ:FTR) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a report issued on Thursday.

Several other analysts have also recently weighed in on FTR. Hilliard Lyons cut shares of Frontier Communications Corporation from a “neutral” rating to an “underperform” rating in a research report on Wednesday, August 9th. UBS AG restated a “neutral” rating and set a $15.00 price objective (down previously from $26.25) on shares of Frontier Communications Corporation in a research report on Tuesday, August 8th. Royal Bank Of Canada restated a “sector perform” rating and set a $16.00 price objective on shares of Frontier Communications Corporation in a research report on Tuesday, August 8th. Cowen and Company restated a “market perform” rating on shares of Frontier Communications Corporation in a research report on Wednesday, August 2nd. Finally, ValuEngine cut shares of Frontier Communications Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $7.14.

Frontier Communications Corporation (NASDAQ FTR) opened at 13.17 on Thursday. Frontier Communications Corporation has a 12 month low of $11.65 and a 12 month high of $69.75. The firm’s market capitalization is $1.03 billion. The firm’s 50-day moving average is $14.32 and its 200 day moving average is $23.32.

Frontier Communications Corporation (NASDAQ:FTR) last posted 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 company had revenue of $2.30 billion for the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.29) EPS. On average, analysts expect that Frontier Communications Corporation will post ($4.13) EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently made changes to their positions in FTR. BlackRock Inc. boosted its stake in shares of Frontier Communications Corporation by 4,683.4% during the 1st quarter. BlackRock Inc. now owns 116,003,627 shares of the utilities provider’s stock valued at $248,246,000 after purchasing an additional 113,578,500 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Frontier Communications Corporation by 101.4% during the 2nd quarter. First Trust Advisors LP now owns 42,741,996 shares of the utilities provider’s stock valued at $49,581,000 after purchasing an additional 21,522,621 shares in the last quarter. Gotham Asset Management LLC boosted its stake in shares of Frontier Communications Corporation by 340.9% during the 2nd quarter. Gotham Asset Management LLC now owns 19,776,306 shares of the utilities provider’s stock valued at $22,941,000 after purchasing an additional 15,290,477 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Frontier Communications Corporation by 9.9% during the 2nd quarter. Vanguard Group Inc. now owns 116,799,968 shares of the utilities provider’s stock valued at $135,488,000 after purchasing an additional 10,474,703 shares in the last quarter. Finally, Coatue Management LLC bought a new stake in shares of Frontier Communications Corporation during the 2nd quarter valued at about $8,223,000.

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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