Frontier Communications Corporation (NASDAQ:FTR) has been given an average recommendation of “Hold” by the nineteen research firms that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $10.60.

Several research firms have recently commented on FTR. Cowen and Company restated a “market perform” rating on shares of Frontier Communications Corporation in a research note on Wednesday, August 2nd. Deutsche Bank AG reduced their price objective on shares of Frontier Communications Corporation from $17.00 to $15.00 and set a “hold” rating for the company in a research note on Tuesday, October 10th. Zacks Investment Research upgraded shares of Frontier Communications Corporation from a “hold” rating to a “buy” rating in a research note on Friday, July 14th. BidaskClub cut shares of Frontier Communications Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 13th. Finally, ValuEngine downgraded shares of Frontier Communications Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st.

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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Fiera Capital Corp bought a new position in shares of Frontier Communications Corporation during the second quarter worth about $905,000. Tudor Investment Corp ET AL grew its position in shares of Frontier Communications Corporation by 259.9% during the first quarter. Tudor Investment Corp ET AL now owns 142,872 shares of the utilities provider’s stock worth $306,000 after acquiring an additional 103,170 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Frontier Communications Corporation by 9.9% during the second quarter. Vanguard Group Inc. now owns 116,799,968 shares of the utilities provider’s stock worth $135,488,000 after acquiring an additional 10,474,703 shares during the last quarter. Northern Trust Corp grew its position in shares of Frontier Communications Corporation by 43.8% during the second quarter. Northern Trust Corp now owns 17,209,093 shares of the utilities provider’s stock worth $19,963,000 after acquiring an additional 5,238,840 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Frontier Communications Corporation by 7.4% during the second quarter. Bank of New York Mellon Corp now owns 25,636,186 shares of the utilities provider’s stock worth $29,738,000 after acquiring an additional 1,757,905 shares during the last quarter.

Frontier Communications Corporation (NASDAQ:FTR) last announced its quarterly earnings data on Tuesday, October 31st. The utilities provider reported ($0.94) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.95) by $0.01. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.25 billion. Frontier Communications Corporation had a negative net margin of 9.17% and a negative return on equity of 1.89%. The company’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.64) EPS.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, December 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 19.82%. Frontier Communications Corporation’s payout ratio is currently -17.38%.

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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