UBS AG reaffirmed their neutral rating on shares of Frontier Communications Corporation (NASDAQ:FTR) in a report released on Wednesday, 99wallstreet.com reports. The firm currently has a $15.00 price target on the utilities provider’s stock.

Other research analysts have also recently issued reports about the company. Zacks Investment Research raised Frontier Communications Corporation from a hold rating to a buy rating in a report on Friday, July 14th. Jefferies Group LLC reissued a buy rating and issued a $4.00 price target (up from $3.50) on shares of Frontier Communications Corporation in a report on Friday, April 28th. Morgan Stanley lowered their price target on Frontier Communications Corporation from $2.30 to $1.50 and set an equal weight rating on the stock in a report on Wednesday, June 14th. ValuEngine raised Frontier Communications Corporation from a sell rating to a hold rating in a report on Tuesday, July 11th. Finally, Macquarie reissued a hold rating and issued a $2.65 price target on shares of Frontier Communications Corporation in a report on Thursday, April 13th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Frontier Communications Corporation has an average rating of Hold and an average target price of $5.21.

Frontier Communications Corporation (NASDAQ:FTR) traded up 9.15% on Wednesday, hitting $15.87. 5,629,085 shares of the company traded hands. Frontier Communications Corporation has a 1-year low of $13.13 and a 1-year high of $74.70. The firm’s 50 day moving average price is $16.43 and its 200 day moving average price is $30.01. The firm’s market capitalization is $1.23 billion.

Frontier Communications Corporation (NASDAQ:FTR) last posted its quarterly earnings results on Tuesday, August 1st. The utilities provider reported ($1.10) EPS for the quarter, missing the Zacks’ 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 analysts’ expectations of $2.31 billion. During the same period in the prior year, the firm posted ($0.29) earnings per share. The firm’s revenue for the quarter was down 11.7% on a year-over-year basis. Equities research analysts predict that Frontier Communications Corporation will post ($3.48) EPS for the current fiscal year.

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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 paid a $0.60 dividend. This is an increase from Frontier Communications Corporation’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $2.40 dividend on an annualized basis and a yield of 15.12%. Frontier Communications Corporation’s payout ratio is presently -16.65%.

A number of hedge funds have recently added to or reduced their stakes in the company. Kentucky Retirement Systems Insurance Trust Fund bought a new position in Frontier Communications Corporation during the fourth quarter valued at $128,000. Thrivent Financial for Lutherans increased its position in Frontier Communications Corporation by 6.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 41,509 shares of the utilities provider’s stock valued at $141,000 after buying an additional 2,570 shares in the last quarter. Cadence Capital Management LLC increased its position in Frontier Communications Corporation by 6.1% in the first quarter. Cadence Capital Management LLC now owns 46,516 shares of the utilities provider’s stock valued at $100,000 after buying an additional 2,661 shares in the last quarter. Sigma Planning Corp increased its position in Frontier Communications Corporation by 0.8% in the first quarter. Sigma Planning Corp now owns 48,578 shares of the utilities provider’s stock valued at $104,000 after buying an additional 362 shares in the last quarter. Finally, WFG Advisors LP increased its position in Frontier Communications Corporation by 5.8% in the first quarter. WFG Advisors LP now owns 50,026 shares of the utilities provider’s stock valued at $107,000 after buying an additional 2,751 shares in the last quarter.

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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