Shares of Frontier Communications Corporation (NASDAQ:FTR) have earned a consensus rating of “Hold” from the twenty brokerages that are covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $9.88.

A number of brokerages recently weighed in on FTR. Zacks Investment Research cut shares of Frontier Communications from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. BidaskClub cut shares of Frontier Communications from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Barclays began coverage on shares of Frontier Communications in a report on Friday, December 15th. They issued an “underweight” rating and a $7.00 price objective for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $8.00 price objective (down previously from $16.00) on shares of Frontier Communications in a report on Monday, November 20th. Finally, Bank of America downgraded shares of Frontier Communications from a “neutral” rating to an “underperform” rating and set a $4.00 price target for the company. in a research note on Friday, November 10th.

Shares of Frontier Communications (NASDAQ FTR) traded up $0.58 during mid-day trading on Tuesday, hitting $8.30. 2,640,700 shares of the company were exchanged, compared to its average volume of 2,589,100. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 5.16. The firm has a market capitalization of $640.14, a PE ratio of -0.60 and a beta of 0.52. Frontier Communications has a 52-week low of $6.08 and a 52-week high of $53.85.

Frontier Communications (NASDAQ:FTR) last announced its quarterly earnings data on Tuesday, October 31st. The utilities provider reported ($0.94) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.95) by $0.01. The firm had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.25 billion. Frontier Communications had a negative net margin of 9.17% and a negative return on equity of 1.97%. The business’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.64) earnings per share. equities analysts forecast that Frontier Communications will post -4.16 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a $0.60 dividend. The ex-dividend date was Thursday, December 14th. This represents a $2.40 dividend on an annualized basis and a yield of 28.92%. Frontier Communications’s dividend payout ratio is currently -17.45%.

Several large investors have recently modified their holdings of FTR. Schwab Charles Investment Management Inc. lifted its position in shares of Frontier Communications by 91.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 6,657,284 shares of the utilities provider’s stock worth $7,723,000 after buying an additional 3,179,346 shares during the last quarter. Comerica Bank lifted its position in shares of Frontier Communications by 1.3% during the 2nd quarter. Comerica Bank now owns 940,739 shares of the utilities provider’s stock worth $997,000 after buying an additional 12,067 shares during the last quarter. Federated Investors Inc. PA lifted its position in shares of Frontier Communications by 2.5% during the 2nd quarter. Federated Investors Inc. PA now owns 671,875 shares of the utilities provider’s stock worth $779,000 after buying an additional 16,302 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of Frontier Communications by 4.3% during the 2nd quarter. Prudential Financial Inc. now owns 782,845 shares of the utilities provider’s stock worth $908,000 after buying an additional 32,418 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Frontier Communications by 4.3% during the 2nd quarter. Principal Financial Group Inc. now owns 4,940,323 shares of the utilities provider’s stock worth $5,730,000 after buying an additional 201,711 shares during the last quarter. Institutional investors and hedge funds own 62.90% of the company’s stock.

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About Frontier Communications

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 (NASDAQ:FTR)

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