Frontier Communications Corporation (NASDAQ:FTR)‘s stock had its “buy” rating reissued by Jefferies Group LLC in a report issued on Wednesday. They currently have a $25.00 price objective on the utilities provider’s stock, down from their prior price objective of $30.00. Jefferies Group LLC’s price target suggests a potential upside of 71.94% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. UBS AG downgraded Frontier Communications Corporation from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $3.50 to $2.00 in a report on Wednesday, May 3rd. Cowen and Company downgraded Frontier Communications Corporation from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $4.00 to $2.00 in a report on Wednesday, May 3rd. Deutsche Bank AG reissued a “hold” rating and set a $2.00 target price (down previously from $3.00) on shares of Frontier Communications Corporation in a report on Wednesday, May 3rd. Zacks Investment Research raised Frontier Communications Corporation from a “hold” rating to a “buy” rating in a report on Friday, July 14th. Finally, BidaskClub downgraded Frontier Communications Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, July 13th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $5.21.

Frontier Communications Corporation (NASDAQ:FTR) traded up 11.76% during trading on Wednesday, reaching $16.25. 3,760,217 shares of the company traded hands. The company’s 50-day moving average is $16.43 and its 200 day moving average is $30.01. The company’s market cap is $1.26 billion. Frontier Communications Corporation has a 12 month low of $13.13 and a 12 month high of $74.70.

Frontier Communications Corporation (NASDAQ:FTR) last released its quarterly earnings data on Tuesday, August 1st. 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 return on equity of 1.28% and a negative net margin of 9.35%. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same period last year, the firm earned ($0.29) earnings per share. The company’s revenue for the quarter was down 11.7% compared to the same quarter last year. On average, analysts anticipate that Frontier Communications Corporation will post ($3.48) earnings per share for the current year.

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Several hedge funds have recently added to or reduced their stakes in FTR. Washington Trust Bank boosted its stake in Frontier Communications Corporation by 255.7% in the first quarter. Washington Trust Bank now owns 103,346 shares of the utilities provider’s stock valued at $221,000 after buying an additional 74,289 shares during the period. Louisiana State Employees Retirement System boosted its stake in Frontier Communications Corporation by 301.4% in the first quarter. Louisiana State Employees Retirement System now owns 296,200 shares of the utilities provider’s stock valued at $634,000 after buying an additional 222,400 shares during the period. Bank of Montreal Can boosted its stake in Frontier Communications Corporation by 18.9% in the first quarter. Bank of Montreal Can now owns 3,780,896 shares of the utilities provider’s stock valued at $8,091,000 after buying an additional 601,074 shares during the period. Gulf International Bank UK Ltd boosted its stake in Frontier Communications Corporation by 1.0% in the first quarter. Gulf International Bank UK Ltd now owns 393,937 shares of the utilities provider’s stock valued at $843,000 after buying an additional 3,900 shares during the period. Finally, Creative Planning boosted its stake in Frontier Communications Corporation by 3.3% in the first quarter. Creative Planning now owns 218,705 shares of the utilities provider’s stock valued at $468,000 after buying an additional 7,009 shares during the period.

Frontier Communications Corporation Company Profile

Frontier Communications Corporation (Frontier) is a provider of communications services in the United States. The Company offers a portfolio of communications services for residential and business customers. Its products and services include data and Internet services, video services, voice services, access services and customer premise equipment (CPE).

Analyst Recommendations for Frontier Communications Corporation (NASDAQ:FTR)

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