Yesterday's Sizzlers: Frontier Communications Corp (NASDAQ:FTR), Fitbit Inc (NYSE:FIT)

Ameriprise Financial Inc. raised its stake in Frontier Communications Corporation (NASDAQ:FTR) by 325.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).

Institutional investors now hold around $952 million or 64% in FTR stock. BNP Paribas Arbitrage SA raised its stake in shares of Frontier Communications Corporation by 97.9% in the first quarter. Sigma Planning Corp now owns 48,578 shares of the utilities provider's stock worth $104,000 after buying an additional 362 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Frontier Communications Corporation by 37.4% in the first quarter. Frontier Communications Corporation has a 1-year low of $1.19 and a 1-year high of $5.22. First Republic Investment Management Inc. now owns 29,657 shares of the utilities provider's stock worth $101,000 after buying an additional 2,652 shares during the last quarter.

On the last trading day, Frontier Communications Corporation (FTR) gained 3.15% closing at the price of $1.31 while the previous close of FTR was $1.27. The stock has the market capitalization of $44.56B.

While trading at volume below than average, Frontier Communications Corporation (NASDAQ:FTR) previous 52-week high was $5.22 and moved down -73.05% over the same period, trading at a volume of 27.91 million.

Frontier Communications Corporation (NASDAQ:FTR) last released its earnings results on Tuesday, May 2nd. 71,772,914 shares of the stock traded hands. The stock has a 50 day moving average price of $1.39 and a 200-day moving average price of $2.57. Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report 0.44 earnings per share. The company had revenue of $2.36 billion during the quarter, compared to analysts' expectations of $2.34 billion.

05/03/2017 - Frontier Communications Corporation was downgraded to "neutral" by analysts at UBS. Stockholders of record on Thursday, June 15th will be paid a $0.04 dividend.

Shares of Ford Motor Company (NYSE:F) surged 0.18% to $11.24. Frontier Communications Corporation's dividend payout ratio is presently -38.10%.

COPYRIGHT VIOLATION NOTICE: "Ionic Capital Management LLC Invests $212,000 in Frontier Communications Corporation (FTR)" was first published by Transcript Daily and is owned by of Transcript Daily. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of worldwide copyright & trademark legislation. The original version of this story can be viewed at https://www.chaffeybreeze.com/2017/06/18/comerica-bank-buys-626992-shares-of-frontier-communications-corp-ftr-updated.html.

Several equities research analysts have issued reports on FTR shares. Citigroup Inc. cut their price target on Frontier Communications Corporation from $2.25 to $1.75 and set a "sell" rating on the stock in a research note on Monday, March 20th. J P Morgan Chase & Co lowered shares of Frontier Communications Corporation from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $2.96 to $2.51 in a research note on Tuesday, February 28th. Finally, Macquarie reissued a "hold" rating and set a $2.65 price objective on shares of Frontier Communications Corporation in a report on Thursday, April 13th. Out of the analyst recommendations 2 rate Frontier Commun Cp (NASDAQ:FTR) stock a Buy, 3 rate the stock Outperform, 8 rate Hold, 1 rate Underperform and 1 recommend a Sell.

Receive News & Ratings for Frontier Communications Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frontier Communications Corporation and related companies with MarketBeat.com's FREE daily email newsletter. WealthTrust Axiom LLC boosted its stake in shares of Frontier Communications Corporation by 3.0% in the third quarter. It offers a variety of services to residential customers over its fiber-optic and copper networks, including video, high-speed internet, advanced voice, and Frontier Secure® digital protection solutions.