Frontier Communications Corp (NASDAQ:FTR) has earned a consensus rating of “Hold” from the twelve analysts that are currently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $5.19.

Several equities research analysts have commented on the stock. BidaskClub raised shares of Frontier Communications from a “hold” rating to a “buy” rating in a research note on Thursday, September 20th. ValuEngine raised shares of Frontier Communications from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 2nd. UBS Group downgraded shares of Frontier Communications from a “neutral” rating to a “sell” rating and lowered their target price for the company from $6.00 to $3.00 in a research note on Wednesday, November 7th. Morgan Stanley lowered their target price on shares of Frontier Communications from $10.00 to $5.00 and set an “equal weight” rating for the company in a research note on Monday, November 19th. Finally, Royal Bank of Canada set a $5.00 target price on shares of Frontier Communications and gave the company a “hold” rating in a research note on Monday, November 19th.

FTR opened at $3.33 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 8.44. The company has a market cap of $360.98 million, a P/E ratio of -0.88 and a beta of 0.75. Frontier Communications has a fifty-two week low of $3.30 and a fifty-two week high of $11.64.

Frontier Communications (NASDAQ:FTR) last issued its earnings results on Tuesday, November 6th. The utilities provider reported ($0.07) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.13. Frontier Communications had a negative net margin of 16.69% and a negative return on equity of 2.35%. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the prior year, the firm earned ($0.94) earnings per share. The business’s quarterly revenue was down 5.6% on a year-over-year basis. On average, equities research analysts anticipate that Frontier Communications will post -1.47 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in FTR. BlackRock Inc. boosted its holdings in shares of Frontier Communications by 32.8% in the third quarter. BlackRock Inc. now owns 16,286,094 shares of the utilities provider’s stock valued at $105,696,000 after buying an additional 4,021,298 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Frontier Communications by 21.2% in the third quarter. Vanguard Group Inc. now owns 11,355,181 shares of the utilities provider’s stock valued at $73,695,000 after buying an additional 1,985,632 shares during the period. Allianz Asset Management GmbH boosted its holdings in shares of Frontier Communications by 924.5% in the third quarter. Allianz Asset Management GmbH now owns 1,637,164 shares of the utilities provider’s stock valued at $10,626,000 after buying an additional 1,477,370 shares during the period. BlueMountain Capital Management LLC boosted its holdings in shares of Frontier Communications by 1,781.9% in the second quarter. BlueMountain Capital Management LLC now owns 1,323,436 shares of the utilities provider’s stock valued at $7,094,000 after buying an additional 1,253,112 shares during the period. Finally, Davidson Kempner Capital Management LP acquired a new position in shares of Frontier Communications in the second quarter valued at approximately $5,330,000. Institutional investors own 71.65% of the company’s stock.

Frontier Communications Company Profile

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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Analyst Recommendations for Frontier Communications (NASDAQ:FTR)

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