Frontier Communications Corp (NASDAQ:FTR)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $0.99, but opened at $1.02. Frontier Communications shares last traded at $1.19, with a volume of 4,138,619 shares.

FTR has been the topic of several recent analyst reports. ValuEngine raised Frontier Communications from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Cowen set a $2.00 price target on Frontier Communications and gave the company a “hold” rating in a research report on Wednesday, August 7th. Citigroup increased their price objective on Frontier Communications from $1.00 to $1.50 and gave the stock a “positive” rating in a report on Thursday, June 20th. They noted that the move was a valuation call. Royal Bank of Canada set a $1.00 price objective on Frontier Communications and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Finally, Guggenheim set a $1.00 price objective on Frontier Communications and gave the stock a “sell” rating in a research report on Wednesday, August 7th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $2.25.

The business’s 50 day moving average price is $0.94 and its two-hundred day moving average price is $1.80. The stock has a market cap of $89.33 million, a P/E ratio of -0.89 and a beta of 1.54. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 10.77.

Frontier Communications (NASDAQ:FTR) last released its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $1.26. Frontier Communications had a negative net margin of 71.86% and a positive return on equity of 21.42%. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the prior year, the firm earned ($0.92) earnings per share. Frontier Communications’s revenue was down 4.4% on a year-over-year basis. As a group, analysts expect that Frontier Communications Corp will post -0.18 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the business. Comerica Bank lifted its position in Frontier Communications by 5.3% during the 1st quarter. Comerica Bank now owns 124,891 shares of the utilities provider’s stock valued at $310,000 after acquiring an additional 6,293 shares during the period. Royce & Associates LP increased its stake in shares of Frontier Communications by 40.6% during the first quarter. Royce & Associates LP now owns 26,468 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 7,640 shares in the last quarter. Swiss National Bank increased its stake in shares of Frontier Communications by 5.4% during the second quarter. Swiss National Bank now owns 197,213 shares of the utilities provider’s stock valued at $345,000 after purchasing an additional 10,100 shares in the last quarter. United Services Automobile Association lifted its holdings in shares of Frontier Communications by 29.1% during the second quarter. United Services Automobile Association now owns 62,774 shares of the utilities provider’s stock valued at $110,000 after purchasing an additional 14,131 shares during the last quarter. Finally, World Asset Management Inc lifted its holdings in shares of Frontier Communications by 35.3% during the second quarter. World Asset Management Inc now owns 66,627 shares of the utilities provider’s stock valued at $117,000 after purchasing an additional 17,386 shares during the last quarter. Hedge funds and other institutional investors own 73.39% of the company’s stock.

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 Ethernet and traditional circuit-based services; software defined wide area network, managed Wi-Fi and cloud IT solutions, voice and Unified Communications as a Service (UCaaS), and Voice over Internet Protocol (VoIP) services, as well as hardware and network solutions and services to small and medium business, and large enterprises.

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