Frontier Communications Corporation (NASDAQ:FTR) was downgraded by research analysts at Hilliard Lyons from a “neutral” rating to an “underperform” rating in a report issued on Wednesday.

Several other equities analysts also recently issued reports on the stock. Citigroup Inc. raised shares of Frontier Communications Corporation from a “sell” rating to a “neutral” rating and set a $1.75 price objective on the stock in a research note on Wednesday, May 3rd. Macquarie reissued a “hold” rating and set a $2.65 price objective on shares of Frontier Communications Corporation in a research note on Thursday, April 13th. Deutsche Bank AG reissued a “hold” rating and set a $2.00 price objective (down previously from $3.00) on shares of Frontier Communications Corporation in a research note on Wednesday, May 3rd. UBS AG reissued a “buy” rating on shares of Frontier Communications Corporation in a research note on Thursday, May 4th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $4.00 price objective (up previously from $3.50) on shares of Frontier Communications Corporation in a research note on Friday, April 28th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $6.11.

Shares of Frontier Communications Corporation (NASDAQ:FTR) opened at 15.20 on Wednesday. Frontier Communications Corporation has a one year low of $13.13 and a one year high of $74.70. The stock’s 50 day moving average is $16.10 and its 200-day moving average is $29.71. The firm’s market cap is $1.18 billion.

Frontier Communications Corporation (NASDAQ:FTR) last announced its quarterly earnings data on Tuesday, August 1st. The utilities provider reported ($1.10) earnings per share (EPS) 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% on a year-over-year basis. During the same period in the previous year, the company posted ($0.29) EPS. Analysts anticipate that Frontier Communications Corporation will post ($3.37) EPS for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in FTR. Cadence Capital Management LLC raised its stake 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 during the last quarter. Sigma Planning Corp raised its stake 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 during the last quarter. WFG Advisors LP raised its stake 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 during the last quarter. Bollard Group LLC raised its stake in Frontier Communications Corporation by 3.3% in the second quarter. Bollard Group LLC now owns 92,852 shares of the utilities provider’s stock valued at $108,000 after buying an additional 2,973 shares during the last quarter. Finally, World Asset Management Inc raised its stake in Frontier Communications Corporation by 14.5% in the second quarter. World Asset Management Inc now owns 104,176 shares of the utilities provider’s stock valued at $121,000 after buying an additional 13,158 shares during 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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