An issue of Frontier Communications Corporation (NASDAQ:FTR) bonds rose 1.3% against their face value during trading on Wednesday. The high-yield issue of debt has a 8.75% coupon and will mature on April 15, 2022. The debt is now trading at $75.50 and was trading at $72.75 last week. Price moves in a company’s bonds in credit markets sometimes predict parallel moves in its share price.

A number of brokerages recently issued reports on FTR. Cowen and Company restated a “market perform” rating on shares of Frontier Communications Corporation in a report on Wednesday, August 2nd. BidaskClub upgraded shares of Frontier Communications Corporation from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Deutsche Bank AG decreased their price objective on shares of Frontier Communications Corporation from $17.00 to $15.00 and set a “hold” rating for the company in a report on Tuesday, October 10th. Zacks Investment Research upgraded shares of Frontier Communications Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Finally, Bank of America Corporation cut shares of Frontier Communications Corporation from a “neutral” rating to an “underperform” rating and set a $4.00 price objective for the company. in a report on Friday, November 10th. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $9.46.

Frontier Communications Corporation (NASDAQ:FTR) traded up $0.82 during trading on Wednesday, hitting $7.90. 4,028,251 shares of the stock traded hands, compared to its average volume of 2,849,772. Frontier Communications Corporation has a 12 month low of $6.25 and a 12 month high of $57.30. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 5.16.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 30.38%. The ex-dividend date of this dividend is Thursday, December 14th. Frontier Communications Corporation’s dividend payout ratio is presently -17.45%.

Several hedge funds have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC bought a new stake in shares of Frontier Communications Corporation in the third quarter worth $176,000. Engineers Gate Manager LP bought a new stake in shares of Frontier Communications Corporation in the third quarter worth $138,000. Pinnacle Associates Ltd. bought a new stake in shares of Frontier Communications Corporation in the third quarter worth $535,000. Virginia Retirement Systems ET AL bought a new stake in shares of Frontier Communications Corporation in the third quarter worth $174,000. Finally, SG Americas Securities LLC lifted its position in shares of Frontier Communications Corporation by 109.9% in the third quarter. SG Americas Securities LLC now owns 32,288 shares of the utilities provider’s stock worth $381,000 after purchasing an additional 357,493 shares in the last quarter.

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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).

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