Frontier Communications Corp. (NASDAQ:FTR) has been assigned a $8.00 target price by research analysts at Bank of America Corp. in a research report issued to clients and investors on Monday. The brokerage presently has a a “buy” rating on the stock. Bank of America Corp.’s price objective would indicate a potential upside of 92.77% from the company’s previous close.

Several other equities research analysts also recently issued reports on the company. Jefferies Group dropped their price objective on Frontier Communications Corp. from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Tuesday. Wells Fargo & Co. restated an “outperform” rating and set a $8.75 price objective on shares of Frontier Communications Corp. in a report on Monday, September 19th. Citigroup Inc. dropped their price objective on Frontier Communications Corp. from $4.00 to $3.50 and set a “sell” rating on the stock in a report on Friday, September 16th. Macquarie upgraded Frontier Communications Corp. from an “underperform” rating to a “neutral” rating in a report on Tuesday, September 6th. Finally, Raymond James Financial Inc. dropped their price objective on Frontier Communications Corp. from $6.00 to $5.50 and set an “outperform” rating on the stock in a report on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $5.79.

Analyst Recommendations for Frontier Communications Corp. (NASDAQ:FTR)

Shares of Frontier Communications Corp. (NASDAQ:FTR) traded down 0.24% during midday trading on Monday, hitting $4.14. The company had a trading volume of 11,523,426 shares. The stock’s 50-day moving average price is $4.41 and its 200-day moving average price is $4.96. Frontier Communications Corp. has a 12 month low of $3.81 and a 12 month high of $5.85. The company’s market cap is $4.86 billion.

Frontier Communications Corp. (NASDAQ:FTR) last posted its quarterly earnings data on Monday, August 1st. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.04. Frontier Communications Corp. had a positive return on equity of 2.52% and a negative net margin of 4.85%. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.75 billion. During the same quarter in the prior year, the firm earned $0.03 earnings per share. Frontier Communications Corp.’s revenue for the quarter was up 90.6% compared to the same quarter last year. On average, equities research analysts forecast that Frontier Communications Corp. will post ($0.08) EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were given a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 10.12%. The ex-dividend date of this dividend was Tuesday, September 13th. Frontier Communications Corp.’s payout ratio is currently -85.71%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Northwestern Mutual Investment Management Company LLC raised its position in shares of Frontier Communications Corp. by 0.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 44,753 shares of the company’s stock valued at $221,000 after buying an additional 150 shares during the last quarter. Valley National Advisers Inc. raised its position in shares of Frontier Communications Corp. by 1.1% in the second quarter. Valley National Advisers Inc. now owns 30,576 shares of the company’s stock valued at $151,000 after buying an additional 343 shares during the last quarter. Rothschild Investment Corp IL raised its position in shares of Frontier Communications Corp. by 0.5% in the second quarter. Rothschild Investment Corp IL now owns 105,902 shares of the company’s stock valued at $523,000 after buying an additional 557 shares during the last quarter. HL Financial Services LLC raised its position in shares of Frontier Communications Corp. by 2.2% in the second quarter. HL Financial Services LLC now owns 32,817 shares of the company’s stock valued at $162,000 after buying an additional 715 shares during the last quarter. Finally, BB&T Corp raised its position in shares of Frontier Communications Corp. by 1.7% in the second quarter. BB&T Corp now owns 43,243 shares of the company’s stock valued at $214,000 after buying an additional 736 shares during the last quarter. 65.93% of the stock is currently owned by institutional investors.

Frontier Communications Corp. Company Profile

Frontier Communications Corporation (Frontier) offers a range of voice, data, and video services and products. The Company offers a portfolio of communications services for residential and business customers in each of its markets. The Company’s product portfolio includes Internet access, broadband-enabled services, video services and voice services.

5 Day Chart for NASDAQ:FTR

Receive News & Stock Ratings for Frontier Communications Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frontier Communications Corp. and related stocks with our FREE daily email newsletter.