Frontier Communications Corp. (NASDAQ:FTR) had its price target cut by Jefferies Group from $6.00 to $5.00 in a research report report published on Tuesday. They currently have a buy rating on the stock.

A number of other research analysts have also recently weighed in on the stock. Raymond James Financial Inc. cut their price objective on shares of Frontier Communications Corp. from $6.00 to $5.50 and set an outperform rating on the stock in a research report on Tuesday, August 2nd. Zacks Investment Research cut shares of Frontier Communications Corp. from a buy rating to a hold rating in a research report on Friday, July 29th. Morgan Stanley cut shares of Frontier Communications Corp. from an overweight rating to an equal weight rating and cut their price objective for the company from $6.00 to $5.40 in a research report on Monday, July 18th. Macquarie upgraded shares of Frontier Communications Corp. from an underperform rating to a neutral rating in a research report on Tuesday, September 6th. Finally, Wells Fargo & Co. reiterated an outperform rating and set a $8.75 price objective on shares of Frontier Communications Corp. in a research report on Monday, September 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. Frontier Communications Corp. has a consensus rating of Buy and an average price target of $5.79.

Frontier Communications Corp. (NASDAQ:FTR) traded down 1.93% during midday trading on Tuesday, hitting $4.07. 3,548,759 shares of the stock traded hands. Frontier Communications Corp. has a 52 week low of $3.81 and a 52 week high of $5.85. The stock’s market capitalization is $4.77 billion. The stock’s 50-day moving average price is $4.40 and its 200-day moving average price is $4.96.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were issued a $0.105 dividend. The ex-dividend date was Tuesday, September 13th. This represents a $0.42 annualized dividend and a yield of 10.12%. Frontier Communications Corp.’s dividend payout ratio (DPR) is presently -85.71%.

A number of institutional investors have recently modified their holdings of the company. Geode Capital Management LLC increased its position in shares of Frontier Communications Corp. by 3.2% in the first quarter. Geode Capital Management LLC now owns 10,176,364 shares of the company’s stock valued at $56,777,000 after buying an additional 316,788 shares during the period. Nuveen Asset Management LLC increased its position in shares of Frontier Communications Corp. by 11.3% in the first quarter. Nuveen Asset Management LLC now owns 4,616,749 shares of the company’s stock valued at $25,807,000 after buying an additional 466,872 shares during the period. Alps Advisors Inc. increased its position in shares of Frontier Communications Corp. by 26.7% in the second quarter. Alps Advisors Inc. now owns 5,145,649 shares of the company’s stock valued at $25,420,000 after buying an additional 1,085,591 shares during the period. Private Advisor Group LLC increased its position in shares of Frontier Communications Corp. by 39.3% in the second quarter. Private Advisor Group LLC now owns 111,398 shares of the company’s stock valued at $544,000 after buying an additional 31,453 shares during the period. Finally, NN Investment Partners Holdings N.V. increased its position in shares of Frontier Communications Corp. by 85.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 925,330 shares of the company’s stock valued at $4,571,000 after buying an additional 425,682 shares during the period. Institutional investors own 65.93% of the company’s stock.

About Frontier Communications Corp.

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

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