KBC Group NV maintained its position in Frontier Communications Corporation (NASDAQ:FTR) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,233 shares of the utilities provider’s stock at the close of the 2nd quarter. KBC Group NV owned approximately 0.14% of Frontier Communications Corporation worth $124,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Keybank National Association OH grew its position in shares of Frontier Communications Corporation by 0.9% during the first quarter. Keybank National Association OH now owns 81,836 shares of the utilities provider’s stock worth $175,000 after buying an additional 766 shares in the last quarter. Cadence Capital Management LLC grew its position in shares of Frontier Communications Corporation by 6.1% during the first quarter. Cadence Capital Management LLC now owns 46,516 shares of the utilities provider’s stock worth $100,000 after buying an additional 2,661 shares in the last quarter. WFG Advisors LP grew its position in shares of Frontier Communications Corporation by 5.8% during the first quarter. WFG Advisors LP now owns 50,026 shares of the utilities provider’s stock worth $107,000 after buying an additional 2,751 shares in the last quarter. Bollard Group LLC grew its position in shares of Frontier Communications Corporation by 3.3% during the second quarter. Bollard Group LLC now owns 92,852 shares of the utilities provider’s stock worth $108,000 after buying an additional 2,973 shares in the last quarter. Finally, Amalgamated Bank grew its position in shares of Frontier Communications Corporation by 2.0% during the first quarter. Amalgamated Bank now owns 185,340 shares of the utilities provider’s stock worth $397,000 after buying an additional 3,557 shares in the last quarter.

Shares of Frontier Communications Corporation (NASDAQ FTR) opened at 13.32 on Tuesday. The company’s 50 day moving average is $14.31 and its 200-day moving average is $22.73. Frontier Communications Corporation has a 52 week low of $11.65 and a 52 week high of $68.40. The company’s market capitalization is $1.05 billion.

Frontier Communications Corporation (NASDAQ:FTR) last announced its earnings results on Tuesday, August 1st. The utilities provider reported ($1.10) EPS for the quarter, missing the consensus estimate of ($1.07) by $0.03. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.31 billion. Frontier Communications Corporation had a negative return on equity of 1.28% and a negative net margin of 9.35%. Frontier Communications Corporation’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.29) EPS. On average, analysts expect that Frontier Communications Corporation will post ($4.13) EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 18.02%. The ex-dividend date is Thursday, September 14th. This is a boost from Frontier Communications Corporation’s previous quarterly dividend of $0.04. Frontier Communications Corporation’s dividend payout ratio is presently -16.65%.

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A number of analysts have recently weighed in on the stock. Hilliard Lyons downgraded shares of Frontier Communications Corporation from a “neutral” rating to an “underperform” rating in a research report on Thursday, August 3rd. Jefferies Group LLC reissued a “buy” rating and set a $25.00 price target (down previously from $30.00) on shares of Frontier Communications Corporation in a research report on Wednesday, August 2nd. Royal Bank Of Canada reissued a “sector perform” rating and set a $16.00 price target on shares of Frontier Communications Corporation in a research report on Tuesday, August 8th. UBS AG reissued a “neutral” rating and set a $15.00 price target on shares of Frontier Communications Corporation in a research report on Wednesday, August 2nd. Finally, Cowen and Company reaffirmed a “market perform” rating on shares of Frontier Communications Corporation in a report on Wednesday, August 2nd. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Frontier Communications Corporation presently has an average rating of “Hold” and an average price target of $7.14.

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).

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Institutional Ownership by Quarter for Frontier Communications Corporation (NASDAQ:FTR)

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