Frontier Communications Corporation (NASDAQ:FTR) Rating Reiterated by Cowen and Company

Which Analysts Are Watching Frontier Communications Corporation (NASDAQ:FTR)?
Frontier Communications Corporation Receives a Hold from UBS
Author

04 August, 2017

Cadence Capital Management LLC now owns 46,516 shares of the utilities provider's stock worth $100,000 after buying an additional 2,661 shares in the last quarter. Norges Bank purchased a new stake in Frontier Communications Corporation during the fourth quarter valued at approximately $17,074,000. Comerica Bank now owns 301,680 shares of the utilities provider's stock valued at $1,068,000 after buying an additional 4,949 shares during the period. Finally, Sigma Planning Corp boosted its position in Frontier Communications Corporation by 0.8% in the first quarter. Creative Planning now owns 218,705 shares of the utilities provider's stock worth $468,000 after buying an additional 7,009 shares during the last quarter. Cadence Capital Management LLC boosted its position in Frontier Communications Corporation by 6.1% in the first quarter. BlackRock Inc. now owns 116,003,627 shares of the utilities provider's stock worth $248,246,000 after buying an additional 113,578,500 shares during the last quarter.

Shares of Frontier Communications Corporation (FTR) traded down 14.72% during midday trading on Wednesday, reaching $14.54. Hl Financial Limited Company owns 31,617 shares or 0% of their U.S. portfolio. The stock's market capitalization is 1.25B.

Frontier Communications Corporation (Frontier), launched on November 12, 1935, is a provider of communications services in the United States. The company's 50-day moving average price is $16.43 and its 200 day moving average price is $30.01.

While looking at the Stock's Performance, Frontier Communications Corporation now shows a Weekly Performance of 14.05%, where Monthly Performance is -3.67%, Quarterly performance is -29.4%, 6 Months performance is -66.67% and yearly performance percentage is -76.56%. The utilities provider reported ($1.10) EPS for the quarter, missing the Zacks' consensus estimate of ($1.07) by $0.03. Frontier Communications Corporation had a negative net margin of 2.65% and a positive return on equity of 0.19%. Its revenue totaled $2.31 billion down -2.08% from the previous quarter. During the same quarter in the previous year, the business posted ($0.29) EPS.

On 11/1/2016 Frontier Communications Corporation announced a quarterly dividend of $0.11 12.39% with an ex dividend date of 12/13/2016 which will be payable on 12/30/2016.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Moreover, Eagle Global Advisors Llc has 0.19% invested in the company for 634,200 shares.

03/07/2017 - Frontier Communications Corporation was downgraded to "neutral" by analysts at Bank of America Merrill Lynch. The dividend payment will be $2.780 per share for the quarter which is $11.12 annualized. Frontier Communications Corporation's dividend payout ratio is now -16.65%.

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A number of equities analysts recently commented on the stock. The stock of Frontier Communications Corp (NASDAQ:FTR) has "Neutral" rating given on Tuesday, September 6 by Macquarie Research. Frontier Communications Corporation (NASDAQ:FTR) notched a 12-month high of $22.44 while $45.00 target is by far the most aggressive out of analysts who are now evaluating FTR, $22.56 higher than the next highest 52-week price estimate.

Session activity on Frontier Communications Corporation (NASDAQ:FTR) shares bumps the stock on today's most active list. BidaskClub raised Frontier Communications Corporation from a strong sell rating to a sell rating in a research report on Monday.

According to the latest research reports released, 1 analyst has issued a rating of "buy", 2 analysts "outperform", 11 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". Finally, Zacks Investment Research downgraded Frontier Communications Corporation from a buy rating to a hold rating in a research report on Monday, July 17th. The Firm offers a portfolio of communications services for residential and business customers. The Company offers a range of broadband services. The Company's services and products include data and Internet services, video services, voice services, access services and customer premise equipment (CPE).


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