Traders purchased shares of Frontier Communications Corporation (NASDAQ:FTR) on weakness during trading on Tuesday. $53.09 million flowed into the stock on the tick-up and $7.20 million flowed out of the stock on the tick-down, for a money net flow of $45.89 million into the stock. Of all companies tracked, Frontier Communications had the 32nd highest net in-flow for the day. Frontier Communications traded down ($0.10) for the day and closed at $9.10

A number of equities research analysts recently issued reports on FTR shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a $8.00 target price (down previously from $16.00) on shares of Frontier Communications in a research report on Monday, November 20th. BidaskClub lowered Frontier Communications from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Zacks Investment Research lowered Frontier Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. UBS reissued a “neutral” rating and issued a $15.00 target price (down previously from $26.25) on shares of Frontier Communications in a research report on Tuesday, August 8th. Finally, Hilliard Lyons lowered Frontier Communications from a “neutral” rating to an “underperform” rating in a research report on Wednesday, August 9th. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. Frontier Communications has an average rating of “Hold” and a consensus price target of $9.46.

The company has a debt-to-equity ratio of 5.16, a current ratio of 0.70 and a quick ratio of 0.70.

Frontier Communications (NASDAQ:FTR) last posted 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 firm had revenue of $2.25 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.64) EPS. equities analysts expect that Frontier Communications Corporation will post -4.17 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 26.37%. The ex-dividend date is Thursday, December 14th. Frontier Communications’s dividend payout ratio (DPR) is -17.45%.

Several large investors have recently bought and sold shares of the business. Fiera Capital Corp acquired a new position in shares of Frontier Communications during the 2nd quarter worth approximately $905,000. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Frontier Communications by 53.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 381,695 shares of the utilities provider’s stock worth $443,000 after acquiring an additional 132,156 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Frontier Communications by 9.9% during the 2nd quarter. Vanguard Group Inc. now owns 116,799,968 shares of the utilities provider’s stock worth $135,488,000 after acquiring an additional 10,474,703 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Frontier Communications by 43.8% during the 2nd quarter. Northern Trust Corp now owns 17,209,093 shares of the utilities provider’s stock worth $19,963,000 after acquiring an additional 5,238,840 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Frontier Communications by 14.9% during the 2nd quarter. State Street Corp now owns 49,574,081 shares of the utilities provider’s stock worth $57,507,000 after acquiring an additional 6,445,036 shares during the last quarter. 67.64% of the stock is currently owned by hedge funds and other institutional investors.

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About Frontier Communications

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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