Frontier Communications Corp. (NASDAQ:FTR) was the recipient of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 248,282,084 shares, an increase of 7.0% from the October 31st total of 231,997,084 shares. Based on an average trading volume of 32,134,328 shares, the days-to-cover ratio is currently 7.7 days. Currently, 21.4% of the shares of the stock are sold short.

Frontier Communications Corp. (NASDAQ:FTR) opened at 3.69 on Friday. The company has a 50-day moving average of $3.71 and a 200 day moving average of $4.56. The stock’s market cap is $4.33 billion. Frontier Communications Corp. has a 1-year low of $3.10 and a 1-year high of $5.85.

Frontier Communications Corp. (NASDAQ:FTR) last posted its quarterly earnings data on Tuesday, November 1st. The company reported ($0.04) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.04). The business earned $2.52 billion during the quarter, compared to the consensus estimate of $2.57 billion. Frontier Communications Corp. had a positive return on equity of 2.05% and a negative net margin of 5.01%. The company’s revenue was up 77.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.03 earnings per share. Analysts predict that Frontier Communications Corp. will post ($0.10) EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 15th will be issued a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 11.38%. The ex-dividend date is Tuesday, December 13th. Frontier Communications Corp.’s payout ratio is currently -77.78%.

Several equities analysts have commented on the stock. Raymond James Financial Inc. lowered their price objective on shares of Frontier Communications Corp. from $6.00 to $5.50 and set an “outperform” rating for the company in a research report on Tuesday, August 2nd. Jefferies Group reiterated a “buy” rating and set a $6.00 price objective on shares of Frontier Communications Corp. in a research report on Tuesday, August 2nd. Macquarie upgraded shares of Frontier Communications Corp. from an “underperform” rating to a “neutral” rating in a research report on Tuesday, September 6th. Citigroup Inc. lowered their price objective on shares of Frontier Communications Corp. from $4.00 to $3.50 and set a “sell” rating for the company in a research report on Friday, September 16th. 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 investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. Frontier Communications Corp. presently has a consensus rating of “Buy” and a consensus target price of $5.54.

Large investors have recently bought and sold shares of the stock. Murphy Capital Management Inc. purchased a new stake in Frontier Communications Corp. during the second quarter valued at $106,000. NEXT Financial Group Inc increased its stake in shares of Frontier Communications Corp. by 23.2% in the second quarter. NEXT Financial Group Inc now owns 22,450 shares of the company’s stock valued at $110,000 after buying an additional 4,233 shares in the last quarter. Bank of Nova Scotia increased its stake in shares of Frontier Communications Corp. by 6.2% in the second quarter. Bank of Nova Scotia now owns 23,138 shares of the company’s stock valued at $114,000 after buying an additional 1,360 shares in the last quarter. Private Bank & Trust Co. bought a new stake in shares of Frontier Communications Corp. during the second quarter valued at $116,000. Finally, Dorsey & Whitney Trust CO LLC increased its stake in shares of Frontier Communications Corp. by 24.2% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 24,321 shares of the company’s stock valued at $121,000 after buying an additional 4,732 shares in the last quarter. 66.51% of the stock is owned by institutional investors and hedge funds.

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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

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