Frontier Communications Corporation (NASDAQ:FTR) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Several other analysts also recently commented on the company. ValuEngine downgraded Frontier Communications Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Morgan Stanley dropped their price objective on Frontier Communications Corporation to $16.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 23rd. Hilliard Lyons downgraded Frontier Communications Corporation from a “neutral” rating to an “underperform” rating in a research note on Wednesday, August 9th. UBS AG reissued a “neutral” rating and issued a $15.00 price target (down previously from $26.25) on shares of Frontier Communications Corporation in a research note on Tuesday, August 8th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $16.00 price target on shares of Frontier Communications Corporation in a research note on Tuesday, August 8th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Frontier Communications Corporation has a consensus rating of “Hold” and a consensus target price of $7.14.

Shares of Frontier Communications Corporation (NASDAQ:FTR) traded up 1.55% on Friday, reaching $13.12. The company’s stock had a trading volume of 4,296,472 shares. Frontier Communications Corporation has a 52-week low of $11.65 and a 52-week high of $66.00. The company’s market cap is $1.03 billion. The company has a 50 day moving average price of $14.09 and a 200 day moving average price of $22.01.

Frontier Communications Corporation (NASDAQ:FTR) last issued its quarterly earnings data on Tuesday, August 1st. The utilities provider reported ($1.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.07) by ($0.03). The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.31 billion. Frontier Communications Corporation had a negative return on equity of 1.28% and a negative net margin of 9.35%. The business’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.29) EPS. On average, analysts anticipate that Frontier Communications Corporation will post ($4.13) earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Cadence Capital Management LLC grew its holdings in shares of Frontier Communications Corporation by 6.1% in the 1st quarter. Cadence Capital Management LLC now owns 46,516 shares of the utilities provider’s stock valued at $100,000 after acquiring an additional 2,661 shares in the last quarter. WFG Advisors LP grew its holdings in shares of Frontier Communications Corporation by 5.8% in the 1st quarter. WFG Advisors LP now owns 50,026 shares of the utilities provider’s stock valued at $107,000 after acquiring an additional 2,751 shares in the last quarter. Bollard Group LLC grew its holdings in shares of Frontier Communications Corporation by 3.3% in the 2nd quarter. Bollard Group LLC now owns 92,852 shares of the utilities provider’s stock valued at $108,000 after acquiring an additional 2,973 shares in the last quarter. Shelton Capital Management bought a new position in shares of Frontier Communications Corporation in the 2nd quarter valued at about $111,000. Finally, GSA Capital Partners LLP bought a new position in shares of Frontier Communications Corporation in the 2nd quarter valued at about $113,000.

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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