An issue of Frontier Communications Corporation (NASDAQ:FTR) debt fell 1% as a percentage of its face value during trading on Friday. The high-yield debt issue has a 8.5% coupon and will mature on April 15, 2020. The debt is now trading at $91.75 and was trading at $93.09 last week. Price moves in a company’s debt in credit markets often anticipate parallel moves in its share price.

A number of research analysts have issued reports on FTR shares. BidaskClub upgraded Frontier Communications from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. Deutsche Bank decreased their target price on Frontier Communications from $17.00 to $15.00 and set a “hold” rating on the stock in a research report on Tuesday, October 10th. Zacks Investment Research cut Frontier Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. ValuEngine cut Frontier Communications from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Finally, J P Morgan Chase & Co cut Frontier Communications from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $17.00 to $8.00 in a research report on Wednesday, November 1st. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $9.46.

Shares of Frontier Communications Corporation (NASDAQ FTR) opened at $8.55 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 5.16. Frontier Communications Corporation has a twelve month low of $6.08 and a twelve month high of $57.30.

Frontier Communications (NASDAQ:FTR) last released its quarterly earnings results on Tuesday, October 31st. The utilities provider reported ($0.94) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.95) by $0.01. The company had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.25 billion. Frontier Communications had a negative return on equity of 1.97% and a negative net margin of 9.17%. The business’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.64) earnings per share. equities research analysts predict that Frontier Communications Corporation will post -4.17 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 28.07%. The ex-dividend date of this dividend is Thursday, December 14th. Frontier Communications’s dividend payout ratio (DPR) is currently -17.45%.

Several large investors have recently added to or reduced their stakes in FTR. Steward Partners Investment Advisory LLC acquired a new position in shares of Frontier Communications in the third quarter worth approximately $176,000. Engineers Gate Manager LP acquired a new position in shares of Frontier Communications in the third quarter worth approximately $138,000. Pinnacle Associates Ltd. acquired a new position in shares of Frontier Communications in the third quarter worth approximately $535,000. Virginia Retirement Systems ET AL acquired a new position in shares of Frontier Communications in the third quarter worth approximately $174,000. Finally, SG Americas Securities LLC lifted its stake in shares of Frontier Communications by 109.9% in the third quarter. SG Americas Securities LLC now owns 32,288 shares of the utilities provider’s stock worth $381,000 after acquiring an additional 357,493 shares during the period. Institutional investors own 68.48% of the company’s stock.

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Frontier Communications 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).

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