First Allied Advisory Services Inc. raised its stake in shares of Frontier Communications Corporation (NASDAQ:FTR) by 0.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 264,968 shares of the utilities provider’s stock after acquiring an additional 69 shares during the quarter. First Allied Advisory Services Inc. owned approximately 0.34% of Frontier Communications Corporation worth $302,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cadence Capital Management LLC boosted its position in shares of Frontier Communications Corporation by 6.1% in the 1st quarter. Cadence Capital Management LLC now owns 46,516 shares of the utilities provider’s stock worth $100,000 after purchasing an additional 2,661 shares in the last quarter. Bollard Group LLC boosted its position in shares of Frontier Communications Corporation by 3.3% in the 2nd quarter. Bollard Group LLC now owns 92,852 shares of the utilities provider’s stock worth $108,000 after purchasing an additional 2,973 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Frontier Communications Corporation in the 2nd quarter worth $113,000. World Asset Management Inc boosted its position in shares of Frontier Communications Corporation by 14.5% in the 2nd quarter. World Asset Management Inc now owns 104,176 shares of the utilities provider’s stock worth $121,000 after purchasing an additional 13,158 shares in the last quarter. Finally, Eqis Capital Management Inc. boosted its position in shares of Frontier Communications Corporation by 85.1% in the 2nd quarter. Eqis Capital Management Inc. now owns 107,296 shares of the utilities provider’s stock worth $124,000 after purchasing an additional 49,329 shares in the last quarter.

A number of research firms have recently weighed in on FTR. Hilliard Lyons cut Frontier Communications Corporation from a “neutral” rating to an “underperform” rating in a research report on Wednesday, August 9th. UBS AG reissued a “neutral” rating and issued a $15.00 price objective on shares of Frontier Communications Corporation in a research report on Wednesday, August 2nd. Morgan Stanley lowered their price objective on Frontier Communications Corporation to $16.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 23rd. BidaskClub cut Frontier Communications Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, September 16th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $25.00 price objective (down previously from $30.00) on shares of Frontier Communications Corporation in a research report on Wednesday, August 2nd. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $7.02.

Frontier Communications Corporation (FTR) opened at 12.20 on Monday. The company has a 50-day moving average price of $12.78 and a 200-day moving average price of $19.09. Frontier Communications Corporation has a 52 week low of $11.65 and a 52 week high of $65.40. The stock’s market cap is $957.90 million.

Frontier Communications Corporation (NASDAQ:FTR) last issued its quarterly earnings data on Tuesday, August 1st. The utilities provider reported ($1.10) EPS for the quarter, missing analysts’ consensus estimates 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 in the prior year, the company earned ($0.29) EPS. The firm’s revenue was down 11.7% compared to the same quarter last year. Equities research analysts anticipate that Frontier Communications Corporation will post ($4.13) EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a dividend of $0.60 per share. The ex-dividend date was Thursday, September 14th. This represents a $2.40 dividend on an annualized basis and a yield of 19.67%. This is a positive change from Frontier Communications Corporation’s previous quarterly dividend of $0.04. Frontier Communications Corporation’s dividend payout ratio is currently -16.65%.

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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).

Institutional Ownership by Quarter for Frontier Communications Corporation (NASDAQ:FTR)

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