Frontier Communications Stock Continues Its Downtrend in July 2017

Frontier Communications Corp
Frontier Communications Corp
Author

13 July, 2017

Macquarie Research upgraded the shares of FTR in report on Tuesday, September 6 to "Neutral" rating. The company reported EPS (earnings per share) of -$0.11 compared to the analysts' estimate of -$0.05. Frontier Communications Corp Ser B now has $968.91 million valuation. About 2.29M shares traded.

Frontier Communications Corporation (FTR) has declined -7.03% and closed its last trading session at $13.88. It has underperformed by 87.26% the S&P500. OMAM's SI was 305,800 shares in July as released by FINRA. 838.20 million shares or 0.09% more from 837.48 million shares in 2016Q3 were reported.

Factory Mutual Insurance Company decreased Devon Energy Corp New (NYSE:DVN) stake by 180,000 shares to 1.06M valued at $49.37 million in 2016Q4. Ubs Asset Management Americas holds 0.06% or 700,290 shares. VMware, Inc. (NYSE:VMW) has risen 57.35% since July 12, 2016 and is uptrending.

Investors wait Frontier Communications Corp (NASDAQ:FTR) to report on August, 7. its quarterly earnings Wall Street analysts expect $-0.05 EPS, down $0.03 or 150.00 % from last year's $-0.02 same quarter earnings. Decatur owns 1.99% invested in Home Depot Inc (NYSE:HD) for 103,454 shares.

A number of other large investors have also recently added to or reduced their stakes in the company. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. Therefore 29% are positive. Parsley Energy Inc had 71 analyst reports since July 21, 2015 according to SRatingsIntel. Vetr cut Frontier Communications Corporation from a strong-buy rating to a buy rating and set a $2.09 price objective for the company.in a research report on Thursday, March 23rd. The firm earned "Neutral" rating on Wednesday, October 12 by Macquarie Research. The firm has "Market Perform" rating by Cowen & Co given on Tuesday, September 8. The firm earned "Sell" rating on Wednesday, March 9 by Citigroup. The rating was downgraded by Morgan Stanley to "Equal-Weight" on Monday, July 18.

Several research analysts recently weighed in on the stock.

Frontier Communications Corporation (NASDAQ:FTR), from Technology sector has been performing well. Polaris Capital Management Ltd stated it has 1.22% of its portfolio in Frontier Communications Corp (NASDAQ:FTR).

Investors sentiment decreased to 0.8 in Q4 2016. The dividend yield amounts to 1.15 percent and the beta ratio has a value of 0.69. 66 funds opened positions while 164 raised stakes. 68 funds opened positions while 94 raised stakes. The investment managers in our partner's database now own: 774.61 million shares, up from 760.15 million shares in 2016Q3. Vantage Advsrs Llc holds 2,845 shares. Atria Llc accumulated 474,467 shares. Stifel Fincl holds 0.01% or 656,673 shares. Shareholders of record on Thursday, June 15th were paid a dividend of $0.04 per share. Pub Employees Retirement Association Of Colorado has invested 0.01% in Frontier Communications Corp (NASDAQ:FTR). Manufacturers Life The holds 1.21 million shares or 0.01% of its portfolio. 155.86 million shares or 3.08% less from 160.81 million shares in 2016Q3 were reported. Doheny Asset Ca has invested 0.2% in Parsley Energy Inc (NYSE:PE). Keybank National Association Oh invested 0% in Frontier Communications Corp (NASDAQ:FTR). Cornerstone Cap Mgmt Holding Ltd Liability holds 202,125 shares or 0.01% of its portfolio. Advisor Lc invested in 0.02% or 14,842 shares. (NYSE:VMW). Thompson Siegel Walmsley Ltd Liability Com reported 1 shares. Somerset Tru Co accumulated 48 shares.

Since January 1, 0001, it had 5 insider buys, and 0 insider sales for $118,541 activity. Gable Steve bought $13,000 worth of Frontier Communications Corp (NASDAQ:FTR) on Monday, May 15. On Tuesday, May 16 the insider Weslock Kathleen bought $65,750. Arndt Kenneth bought $17,875 worth of stock or 13,000 shares. Company fiscal year is ending in December and analysts' consensus recommendation is Hold for FTR and estimated EPS for next quarter is $ -1.02. As of December 31, 2016, the Company operated its business through its eight Affiliates, each of which operated autonomously and employed its own investment processes. Shares for $500,696 were sold by Roberts Colin.


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