Frontier Communications Corp (NASDAQ:FTR) hit a new 52-week low during trading on Thursday . The company traded as low as $3.39 and last traded at $3.31, with a volume of 35370 shares trading hands. The stock had previously closed at $3.42.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Frontier Communications from a “hold” rating to a “buy” rating and set a $4.50 target price for the company in a report on Tuesday, November 20th. Royal Bank of Canada set a $5.00 target price on shares of Frontier Communications and gave the company a “hold” rating in a report on Monday, November 19th. UBS Group cut shares of Frontier Communications from a “neutral” rating to a “sell” rating and reduced their target price for the company from $6.00 to $3.00 in a report on Wednesday, November 7th. Citigroup reduced their target price on shares of Frontier Communications from $4.50 to $2.75 and set a “sell” rating for the company in a report on Wednesday, November 21st. Finally, BidaskClub raised shares of Frontier Communications from a “hold” rating to a “buy” rating in a report on Thursday, September 20th. Six research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $5.19.

The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 8.44. The company has a market capitalization of $351.48 million, a PE ratio of -0.84 and a beta of 0.75.

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 analysts’ consensus estimates of ($0.20) by $0.13. Frontier Communications had a negative net margin of 16.69% and a negative return on equity of 2.35%. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same period in the previous year, the business posted ($0.94) earnings per share. The business’s revenue was down 5.6% compared to the same quarter last year. Research analysts expect that Frontier Communications Corp will post -1.47 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of FTR. Vanguard Group Inc. grew its position in shares of Frontier Communications by 21.2% in the third quarter. Vanguard Group Inc. now owns 11,355,181 shares of the utilities provider’s stock valued at $73,695,000 after purchasing an additional 1,985,632 shares during the last quarter. Morgan Stanley grew its position in shares of Frontier Communications by 34.0% in the third quarter. Morgan Stanley now owns 338,395 shares of the utilities provider’s stock valued at $2,197,000 after purchasing an additional 85,818 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in shares of Frontier Communications by 6.6% in the third quarter. TIAA CREF Investment Management LLC now owns 371,588 shares of the utilities provider’s stock valued at $2,412,000 after purchasing an additional 23,163 shares during the last quarter. Teachers Advisors LLC grew its position in shares of Frontier Communications by 29.7% in the third quarter. Teachers Advisors LLC now owns 206,029 shares of the utilities provider’s stock valued at $1,337,000 after purchasing an additional 47,141 shares during the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its position in shares of Frontier Communications by 33.8% in the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 70,000 shares of the utilities provider’s stock valued at $454,000 after purchasing an additional 17,700 shares during the last quarter. Institutional investors own 71.65% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was originally reported by Daily Political and is owned by of Daily Political. If you are accessing this article on another website, it was illegally copied and republished in violation of U.S. and international copyright and trademark law. The original version of this article can be accessed at https://www.dailypolitical.com/2018/12/08/frontier-communications-ftr-hits-new-1-year-low-at-3-39.html.

Frontier Communications Company Profile (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.

Featured Article: Find a Trading Strategy That Works

Receive News & Ratings for Frontier Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frontier Communications and related companies with MarketBeat.com's FREE daily email newsletter.