Frontier Communications (NASDAQ:FTR) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Several other analysts have also recently issued reports on FTR. Vetr cut Frontier Communications from a “strong-buy” rating to a “buy” rating and set a $13.35 target price for the company. in a research report on Tuesday, October 31st. Morgan Stanley cut their target price on Frontier Communications to $16.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 23rd. Royal Bank of Canada reiterated a “hold” rating and set a $16.00 target price on shares of Frontier Communications in a research report on Sunday, September 17th. Zacks Investment Research upgraded Frontier Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, Cowen reiterated a “hold” rating and set a $14.00 target price on shares of Frontier Communications in a research report on Thursday, October 19th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. Frontier Communications presently has an average rating of “Hold” and an average target price of $9.46.

Frontier Communications (NASDAQ:FTR) traded up $0.15 during mid-day trading on Tuesday, reaching $10.20. The company’s stock had a trading volume of 5,800,700 shares, compared to its average volume of 2,980,645. Frontier Communications has a 52 week low of $6.08 and a 52 week high of $57.30. The company has a debt-to-equity ratio of 5.16, a quick ratio of 0.70 and a current ratio of 0.70.

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

Several institutional investors have recently made changes to their positions in FTR. Shelton Capital Management bought a new stake in shares of Frontier Communications during the 2nd quarter worth approximately $111,000. GSA Capital Partners LLP bought a new stake in shares of Frontier Communications during the 2nd quarter worth approximately $113,000. World Asset Management Inc lifted its stake in shares of Frontier Communications by 14.5% during the 2nd quarter. World Asset Management Inc now owns 104,176 shares of the utilities provider’s stock worth $121,000 after acquiring an additional 13,158 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Frontier Communications during the 3rd quarter worth approximately $124,000. Finally, MML Investors Services LLC lifted its stake in shares of Frontier Communications by 204.3% during the 2nd quarter. MML Investors Services LLC now owns 118,366 shares of the utilities provider’s stock worth $137,000 after acquiring an additional 79,473 shares during the last quarter. Hedge funds and other institutional investors own 67.62% 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).

Analyst Recommendations for Frontier Communications (NASDAQ:FTR)

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