Frontier Communications (FTR) Stock Price Down 8.6%

Frontier Communications (NASDAQ:FTR)’s share price traded down 8.6% during trading on Thursday . The company traded as low as $8.02 and last traded at $8.11. 3,857,969 shares changed hands during mid-day trading, an increase of 21% from the average session volume of 3,175,570 shares. The stock had previously closed at $8.87.

A number of equities analysts have recently commented on the stock. BidaskClub raised shares of Frontier Communications from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Zacks Investment Research raised shares of Frontier Communications from a “hold” rating to a “buy” rating and set a $8.25 price target on the stock in a research report on Tuesday, January 9th. Guggenheim assumed coverage on shares of Frontier Communications in a research report on Tuesday, March 13th. They issued a “sell” rating and a $6.00 price target on the stock. Vetr raised shares of Frontier Communications from a “hold” rating to a “buy” rating and set a $9.22 price target on the stock in a research report on Wednesday, February 21st. Finally, Morgan Stanley dropped their price target on shares of Frontier Communications from $16.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Monday, March 19th. Six equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Frontier Communications presently has a consensus rating of “Hold” and an average target price of $9.39.

The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 7.46. The company has a market cap of $681.37, a P/E ratio of -2.14 and a beta of 0.66.



Frontier Communications (NASDAQ:FTR) last issued its earnings results on Tuesday, February 27th. The utilities provider reported ($0.59) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.12) by $0.53. Frontier Communications had a negative net margin of 19.76% and a negative return on equity of 3.95%. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter in the previous year, the company earned ($0.12) EPS. The firm’s revenue for the quarter was down 8.0% compared to the same quarter last year. equities research analysts forecast that Frontier Communications will post -2.33 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Capital Analysts LLC bought a new position in shares of Frontier Communications in the fourth quarter valued at about $869,000. Engineers Gate Manager LP bought a new stake in Frontier Communications during the 3rd quarter worth about $138,000. Sciencast Management LP bought a new stake in Frontier Communications during the 4th quarter worth about $115,000. Virginia Retirement Systems ET AL bought a new stake in Frontier Communications during the 3rd quarter worth about $174,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in Frontier Communications during the 3rd quarter worth about $176,000. 71.09% of the stock is owned by institutional investors and hedge funds.

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Frontier Communications Company Profile

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.

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