BidaskClub upgraded shares of Frontier Communications Corporation (NASDAQ:FTR) from a sell rating to a hold rating in a report published on Thursday.

A number of other research analysts have also commented on the company. Jefferies Group LLC reiterated a buy rating and set a $25.00 price target (down from $30.00) on shares of Frontier Communications Corporation in a report on Wednesday, August 2nd. Zacks Investment Research upgraded Frontier Communications Corporation from a hold rating to a buy rating in a report on Friday, July 14th. Vetr lowered Frontier Communications Corporation from a strong-buy rating to a buy rating and set a $13.35 price target for the company. in a report on Tuesday, October 31st. Morgan Stanley cut their price target on Frontier Communications Corporation to $16.00 and set an equal weight rating for the company in a report on Wednesday, August 23rd. Finally, Royal Bank Of Canada reiterated a hold rating and set a $16.00 price target on shares of Frontier Communications Corporation in a report on Sunday, September 17th. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $9.93.

Shares of Frontier Communications Corporation (FTR) traded up $0.13 during trading on Thursday, hitting $6.90. The stock had a trading volume of 1,317,548 shares, compared to its average volume of 2,823,098. The company has a debt-to-equity ratio of 5.16, a current ratio of 0.70 and a quick ratio of 0.70. Frontier Communications Corporation has a fifty-two week low of $6.72 and a fifty-two week high of $57.30.

Frontier Communications Corporation (NASDAQ:FTR) last announced its quarterly earnings results on Tuesday, October 31st. The utilities provider reported ($0.94) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.95) by $0.01. The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.25 billion. Frontier Communications Corporation had a negative return on equity of 1.97% and a negative net margin of 9.17%. The firm’s revenue was down 10.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.64) EPS. equities analysts expect that Frontier Communications Corporation will post -4.11 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 34.76%. The ex-dividend date is Thursday, December 14th. Frontier Communications Corporation’s payout ratio is presently -17.45%.

Institutional investors and hedge funds have recently modified their holdings of the company. Bollard Group LLC lifted 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 period. Shelton Capital Management bought a new stake in shares of Frontier Communications Corporation in the second quarter worth about $111,000. GSA Capital Partners LLP bought a new stake in shares of Frontier Communications Corporation in the second quarter worth about $113,000. World Asset Management Inc increased its holdings in shares of 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 worth $121,000 after acquiring an additional 13,158 shares in the last quarter. Finally, Eqis Capital Management Inc. increased its holdings in shares of Frontier Communications Corporation by 85.1% in the second quarter. Eqis Capital Management Inc. now owns 107,296 shares of the utilities provider’s stock worth $124,000 after acquiring an additional 49,329 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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