Frontier Communications Corp (NASDAQ:FTR) traded down 2.7% during mid-day trading on Thursday . The company traded as low as $3.68 and last traded at $3.62. 102,582 shares changed hands during trading, a decline of 97% from the average session volume of 3,359,642 shares. The stock had previously closed at $3.72.

A number of equities research analysts recently issued reports on the stock. UBS Group cut shares of Frontier Communications from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $6.00 to $3.00 in a research report on Wednesday, November 7th. BidaskClub cut shares of Frontier Communications from a “hold” rating to a “sell” rating in a research report on Saturday, October 27th. ValuEngine upgraded shares of Frontier Communications from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 2nd. Royal Bank of Canada reiterated a “hold” rating and set a $6.00 target price on shares of Frontier Communications in a research report on Friday, August 3rd. Finally, Zacks Investment Research cut shares of Frontier Communications from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Six analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $6.16.

The company has a debt-to-equity ratio of 8.44, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a market cap of $416.92 million, a price-to-earnings ratio of -0.98 and a beta of 0.83.

Frontier Communications (NASDAQ:FTR) last posted its quarterly earnings data on Tuesday, November 6th. The utilities provider reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.13. The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Frontier Communications had a negative net margin of 16.69% and a negative return on equity of 2.35%. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.94) EPS. As a group, equities research analysts forecast that Frontier Communications Corp will post -1.69 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of FTR. LPL Financial LLC acquired a new stake in Frontier Communications in the 3rd quarter valued at about $103,000. Stevens Capital Management LP acquired a new stake in Frontier Communications in the 2nd quarter valued at about $106,000. Xact Kapitalforvaltning AB acquired a new stake in Frontier Communications in the 1st quarter valued at about $119,000. Caxton Associates LP acquired a new stake in Frontier Communications in the 3rd quarter valued at about $121,000. Finally, Glen Harbor Capital Management LLC increased its position in Frontier Communications by 78.2% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 23,086 shares of the utilities provider’s stock valued at $124,000 after acquiring an additional 10,132 shares in the last quarter. Hedge funds and other institutional investors own 62.54% of the company’s stock.

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About Frontier Communications (NASDAQ:FTR)

Frontier Communications Corporation provides communications services to consumer, commercial, and wholesale customers in the United States. It offers broadband, video, voice, and other services and products through a combination of fiber and copper based networks to consumer customers. The company also provides broadband, Ethernet, traditional circuit-based, and voice services; and software defined wide area network, multiprotocol label switching, and time division multiplexing data transport and optical transport services to small, medium, and large enterprises, as well as advanced hardware and network solutions and services, and customer premise equipment.

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