Intact Investment Management Inc. continued to hold its stake in shares of Frontier Communications Corporation (NASDAQ:FTR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 194,500 shares of the company’s stock at the end of the fourth quarter. Intact Investment Management Inc.’s holdings in Frontier Communications Corporation were worth $654,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of FTR. Conning Inc. increased its stake in shares of Frontier Communications Corporation by 13.8% in the third quarter. Conning Inc. now owns 30,128 shares of the company’s stock worth $125,000 after buying an additional 3,660 shares during the last quarter. NEXT Financial Group Inc boosted its position in Frontier Communications Corporation by 34.5% in the third quarter. NEXT Financial Group Inc now owns 30,191 shares of the company’s stock worth $126,000 after buying an additional 7,741 shares during the last quarter. Valley National Advisers Inc. boosted its position in Frontier Communications Corporation by 4.4% in the third quarter. Valley National Advisers Inc. now owns 31,917 shares of the company’s stock worth $133,000 after buying an additional 1,341 shares during the last quarter. Checchi Capital Advisers LLC boosted its position in Frontier Communications Corporation by 12.9% in the third quarter. Checchi Capital Advisers LLC now owns 32,168 shares of the company’s stock worth $134,000 after buying an additional 3,671 shares during the last quarter. Finally, 1ST Source Bank bought a new position in Frontier Communications Corporation during the third quarter worth $135,000. 67.26% of the stock is owned by institutional investors and hedge funds.

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

Shares of Frontier Communications Corporation (NASDAQ:FTR) traded down 0.30% during mid-day trading on Thursday, hitting $3.29. 24,589,047 shares of the company were exchanged. The company has a 50 day moving average of $3.47 and a 200 day moving average of $3.91. Frontier Communications Corporation has a 52 week low of $3.10 and a 52 week high of $5.85. The company’s market capitalization is $3.86 billion.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be paid a dividend of $0.105 per share. The ex-dividend date is Monday, March 13th. This represents a $0.42 dividend on an annualized basis and a yield of 12.77%. Frontier Communications Corporation’s dividend payout ratio is currently -77.78%.

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A number of research analysts have weighed in on FTR shares. Zacks Investment Research upgraded shares of Frontier Communications Corporation from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a research note on Monday, October 24th. Gabelli reiterated a “buy” rating on shares of Frontier Communications Corporation in a research note on Tuesday, November 8th. Vetr cut shares of Frontier Communications Corporation from a “buy” rating to a “hold” rating and set a $3.64 target price on the stock. in a research note on Monday, December 19th. Deutsche Bank AG cut shares of Frontier Communications Corporation from a “buy” rating to a “hold” rating and dropped their target price for the company from $5.00 to $4.00 in a research note on Wednesday, November 2nd. Finally, Wells Fargo & Company cut shares of Frontier Communications Corporation from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 2nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $5.29.

About Frontier Communications Corporation

Frontier Communications Corporation (Frontier) offers a range of voice, data, and video services and products. The Company offers a portfolio of communications services for residential and business customers in each of its markets. The Company’s product portfolio includes Internet access, broadband-enabled services, video services and voice services.

5 Day Chart for NASDAQ:FTR

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