Frontier Communications Corporation (NASDAQ:FTR)‘s stock had its “neutral” rating reiterated by equities researchers at UBS AG in a research report issued on Tuesday, www.flashratings.com reports. They currently have a $15.00 target price on the utilities provider’s stock, down from their previous target price of $26.25. UBS AG’s price objective would suggest a potential downside of 1.32% from the stock’s current price.

Several other research firms have also recently weighed in on FTR. Jefferies Group LLC restated a “buy” rating and set a $25.00 price target (down previously from $30.00) on shares of Frontier Communications Corporation in a report on Wednesday, August 2nd. Hilliard Lyons cut Frontier Communications Corporation from a “neutral” rating to an “underperform” rating in a report on Thursday, August 3rd. Royal Bank Of Canada cut their price target on Frontier Communications Corporation to $16.00 and set a “sector perform” rating for the company in a report on Tuesday. Cowen and Company restated a “market perform” rating on shares of Frontier Communications Corporation in a report on Wednesday, August 2nd. Finally, BidaskClub upgraded Frontier Communications Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $6.11.

Frontier Communications Corporation (NASDAQ:FTR) traded down 4.46% during mid-day trading on Tuesday, reaching $15.20. The company had a trading volume of 3,085,511 shares. Frontier Communications Corporation has a 1-year low of $13.13 and a 1-year high of $74.70. The company’s market capitalization is $1.18 billion. The firm has a 50-day moving average of $16.10 and a 200 day moving average of $29.71.

Frontier Communications Corporation (NASDAQ:FTR) last released its quarterly earnings results on Tuesday, August 1st. The utilities provider reported ($1.10) earnings per share for the quarter, missing the consensus estimate of ($1.07) by $0.03. The firm 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 in the prior year, the business earned ($0.29) EPS. On average, analysts predict that Frontier Communications Corporation will post ($3.37) earnings per share for the current fiscal year.

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Several large investors have recently modified their holdings of FTR. Thrivent Financial for Lutherans raised its stake in shares of 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 worth $141,000 after buying an additional 2,570 shares in the last quarter. Norges Bank acquired a new stake in shares of Frontier Communications Corporation during the fourth quarter worth about $17,074,000. UBS Asset Management Americas Inc. raised its stake in shares of Frontier Communications Corporation by 0.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 3,071,083 shares of the utilities provider’s stock worth $10,381,000 after buying an additional 7,722 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Frontier Communications Corporation by 10.2% in the fourth quarter. Teachers Advisors LLC now owns 1,542,051 shares of the utilities provider’s stock worth $5,212,000 after buying an additional 142,788 shares in the last quarter. Finally, Kentucky Retirement Systems acquired a new stake in shares of Frontier Communications Corporation during the fourth quarter worth about $288,000.

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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