Frontier Communications Corporation (NASDAQ:FTR)‘s stock had its “sector perform” rating reaffirmed by equities researchers at Royal Bank Of Canada in a report issued on Monday. They presently have a $8.00 price target on the utilities provider’s stock, down from their prior price target of $16.00. Royal Bank Of Canada’s price objective would indicate a potential upside of 12.99% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Cowen and Company reaffirmed a “market perform” rating on shares of Frontier Communications Corporation in a research note on Wednesday, August 2nd. BidaskClub raised shares of Frontier Communications Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Deutsche Bank AG decreased their price target on shares of Frontier Communications Corporation from $17.00 to $15.00 and set a “hold” rating on the stock in a research note on Tuesday, October 10th. Zacks Investment Research raised shares of Frontier Communications Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Finally, Bank of America Corporation lowered shares of Frontier Communications Corporation from a “neutral” rating to an “underperform” rating and set a $4.00 price target on the stock. in a research note on Friday, November 10th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $9.46.

Shares of Frontier Communications Corporation (FTR) opened at $7.08 on Monday. 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 12-month low of $6.25 and a 12-month high of $57.30.

Frontier Communications Corporation (NASDAQ:FTR) last posted its earnings results on Tuesday, October 31st. The utilities provider reported ($0.94) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.95) by $0.01. Frontier Communications Corporation had a negative net margin of 9.17% and a negative return on equity of 1.97%. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same period in the prior year, the company posted ($0.64) EPS. The company’s revenue for the quarter was down 10.8% on a year-over-year basis. analysts anticipate that Frontier Communications Corporation will post -4.17 earnings per share for the current year.

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A number of institutional investors have recently bought and sold shares of the stock. Aviva PLC increased its holdings in Frontier Communications Corporation by 0.5% in the 2nd quarter. Aviva PLC now owns 736,919 shares of the utilities provider’s stock valued at $855,000 after purchasing an additional 3,410 shares during the last quarter. Arizona State Retirement System boosted its position in Frontier Communications Corporation by 1.4% in the 2nd quarter. Arizona State Retirement System now owns 494,600 shares of the utilities provider’s stock valued at $574,000 after buying an additional 6,600 shares during the period. State Treasurer State of Michigan boosted its position in Frontier Communications Corporation by 1.5% in the 2nd quarter. State Treasurer State of Michigan now owns 483,600 shares of the utilities provider’s stock valued at $561,000 after buying an additional 7,000 shares during the period. Texas Permanent School Fund boosted its position in Frontier Communications Corporation by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 856,469 shares of the utilities provider’s stock valued at $994,000 after buying an additional 7,154 shares during the period. Finally, FNY Partners Fund LP boosted its position in Frontier Communications Corporation by 900.0% in the 2nd quarter. FNY Partners Fund LP now owns 10,000 shares of the utilities provider’s stock valued at $174,000 after buying an additional 9,000 shares during the period.

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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