BidaskClub upgraded shares of Frontier Communications Corporation (NASDAQ:FTR) from a sell rating to a hold rating in a research report sent to investors on Thursday morning.

Several other research firms have also recently weighed in on FTR. Hilliard Lyons cut Frontier Communications Corporation from a neutral rating to an underperform rating in a research report on Wednesday, August 9th. UBS AG reiterated a neutral rating and issued a $15.00 price objective (down from $26.25) on shares of Frontier Communications Corporation in a research note on Tuesday, August 8th. Royal Bank of Canada reiterated a sector perform rating and issued a $16.00 price objective on shares of Frontier Communications Corporation in a research note on Tuesday, August 8th. Cowen and Company reiterated a market perform rating on shares of Frontier Communications Corporation in a research note on Wednesday, August 2nd. Finally, Wells Fargo & Company reiterated a market perform rating and issued a $9.00 price objective (down from $14.50) on shares of Frontier Communications Corporation in a research note on Thursday, November 2nd. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $9.93.

Shares of Frontier Communications Corporation (NASDAQ FTR) traded down $1.19 during midday trading on Thursday, hitting $6.77. The company had a trading volume of 8,011,800 shares, compared to its average volume of 2,823,098. Frontier Communications Corporation has a twelve month low of $6.72 and a twelve month high of $57.30. The company has a debt-to-equity ratio of 5.16, a quick ratio of 0.70 and a current ratio of 0.70.

Frontier Communications Corporation (NASDAQ:FTR) last issued its earnings results on Tuesday, October 31st. The utilities provider reported ($0.94) EPS for the quarter, beating 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 firm had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter in the previous year, the company posted ($0.64) earnings per share. The business’s quarterly revenue was down 10.8% compared to the same quarter last year. research analysts expect that Frontier Communications Corporation will post -4.74 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 35.45%. The ex-dividend date is Thursday, December 14th. Frontier Communications Corporation’s dividend payout ratio is -17.38%.

A number of large investors have recently bought and sold shares of FTR. Bollard Group LLC lifted its holdings in Frontier Communications Corporation by 3.3% during the 2nd 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 in the last quarter. Shelton Capital Management acquired a new position in Frontier Communications Corporation during the 2nd quarter worth $111,000. GSA Capital Partners LLP acquired a new position in Frontier Communications Corporation during the 2nd quarter worth $113,000. World Asset Management Inc lifted its holdings in Frontier Communications Corporation by 14.5% during the 2nd 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 in the last quarter. Finally, Eqis Capital Management Inc. lifted its holdings in Frontier Communications Corporation by 85.1% during the 2nd 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 in the last quarter.

About Frontier Communications Corporation

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).

Analyst Recommendations for Frontier Communications Corporation (NASDAQ:FTR)

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