Fox Run Management L.L.C. bought a new position in shares of Frontier Communications Corporation (NASDAQ:FTR) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 18,400 shares of the utilities provider’s stock, valued at approximately $217,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bollard Group LLC boosted its holdings in Frontier Communications Corporation by 3.3% during the second quarter. Bollard Group LLC now owns 92,852 shares of the utilities provider’s stock worth $108,000 after buying an additional 2,973 shares during the last quarter. Shelton Capital Management bought a new position in Frontier Communications Corporation during the second quarter worth about $111,000. GSA Capital Partners LLP bought a new position in Frontier Communications Corporation during the second quarter worth about $113,000. World Asset Management Inc boosted its holdings in Frontier Communications Corporation by 14.5% during the second quarter. World Asset Management Inc now owns 104,176 shares of the utilities provider’s stock worth $121,000 after buying an additional 13,158 shares during the last quarter. Finally, Eqis Capital Management Inc. boosted its holdings in Frontier Communications Corporation by 85.1% during the second quarter. Eqis Capital Management Inc. now owns 107,296 shares of the utilities provider’s stock worth $124,000 after buying an additional 49,329 shares during the last quarter.

A number of equities analysts have issued reports on FTR shares. Royal Bank Of Canada restated a “hold” rating and set a $16.00 target price on shares of Frontier Communications Corporation in a report on Sunday, September 17th. BidaskClub lowered Frontier Communications Corporation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Zacks Investment Research lowered Frontier Communications Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. UBS AG reaffirmed a “neutral” rating and set a $15.00 price target (down previously from $26.25) on shares of Frontier Communications Corporation in a research report on Tuesday, August 8th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $25.00 price target (down previously from $30.00) on shares of Frontier Communications Corporation in a research report on Wednesday, August 2nd. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. Frontier Communications Corporation currently has an average rating of “Hold” and a consensus price target of $9.93.

Frontier Communications Corporation (NASDAQ:FTR) opened at $7.41 on Monday. 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 Corporation has a fifty-two week low of $7.36 and a fifty-two week high of $57.30.

Frontier Communications Corporation (NASDAQ:FTR) last posted its quarterly earnings results on Tuesday, October 31st. The utilities provider reported ($0.94) EPS for the quarter, topping analysts’ consensus estimates of ($0.95) by $0.01. Frontier Communications Corporation 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 during the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter in the previous year, the firm earned ($0.64) EPS. Frontier Communications Corporation’s revenue was down 10.8% on a year-over-year basis. research analysts anticipate that Frontier Communications Corporation will post -4.74 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.60 dividend. The ex-dividend date is Thursday, December 14th. This represents a $2.40 dividend on an annualized basis and a yield of 32.39%. Frontier Communications Corporation’s payout ratio is presently -17.38%.

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Frontier Communications Corporation 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).

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

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