Frontier Communications Corp (NASDAQ:FTR) hit a new 52-week low during mid-day trading on Tuesday after Citigroup lowered their price target on the stock from $4.50 to $2.75. Citigroup currently has a sell rating on the stock. Frontier Communications traded as low as $3.49 and last traded at $3.63, with a volume of 114673 shares changing hands. The stock had previously closed at $3.81.

Several other equities research analysts have also issued reports on FTR. Cowen set a $6.00 price target on shares of Frontier Communications and gave the company a “hold” rating in a report on Tuesday, July 31st. Guggenheim reiterated a “sell” rating and set a $4.20 target price on shares of Frontier Communications in a research report on Wednesday, August 1st. Zacks Investment Research downgraded shares of Frontier Communications from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Royal Bank of Canada reiterated a “hold” rating and set a $6.00 target price on shares of Frontier Communications in a research report on Friday, August 3rd. Finally, BidaskClub upgraded shares of Frontier Communications from a “sell” rating to a “hold” rating in a research report on Saturday, September 8th. Six investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $5.19.

Large investors have recently bought and sold shares of the stock. LPL Financial LLC acquired a new stake in Frontier Communications during the 3rd quarter worth approximately $103,000. Caxton Associates LP acquired a new position in shares of Frontier Communications in the 3rd quarter worth approximately $121,000. Stevens Capital Management LP acquired a new position in shares of Frontier Communications in the 2nd quarter worth approximately $106,000. Glen Harbor Capital Management LLC lifted its position in shares of Frontier Communications by 78.2% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 23,086 shares of the utilities provider’s stock worth $124,000 after purchasing an additional 10,132 shares during the period. Finally, Captrust Financial Advisors acquired a new position in shares of Frontier Communications in the 2nd quarter worth approximately $153,000. Institutional investors and hedge funds own 71.60% of the company’s stock.

The stock has a market capitalization of $402.14 million, a PE ratio of -0.95 and a beta of 0.83. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 8.44.

Frontier Communications (NASDAQ:FTR) last issued its quarterly earnings results on Tuesday, November 6th. The utilities provider reported ($0.07) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.13. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.12 billion. Frontier Communications had a negative net margin of 16.69% and a negative return on equity of 2.35%. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.94) EPS. As a group, equities research analysts forecast that Frontier Communications Corp will post -1.47 earnings per share for the current year.

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About Frontier Communications (NASDAQ:FTR)

Frontier Communications Corporation provides communications services to consumer, commercial, and wholesale customers in the United States. It offers broadband, video, voice, and other services and products through a combination of fiber and copper based networks to consumer customers. The company also provides broadband, Ethernet, traditional circuit-based, and voice services; and software defined wide area network, multiprotocol label switching, and time division multiplexing data transport and optical transport services to small, medium, and large enterprises, as well as advanced hardware and network solutions and services, and customer premise equipment.

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