Frontier Communications Corp (FTR) Upgraded at Zacks Investment Research

Cornelia Mascio
Marzo 21, 2017

Frontier Communications Corp (NASDAQ:FTR) share price plunged -1.59% or -0.04 points to reach at $2.47 during previous trading session. Conning Inc. now owns 30,128 shares of the company's stock worth $125,000 after buying an additional 3,660 shares in the last quarter.

Other institutional investors have also added to or reduced their stakes in the company. AE Wealth Management LLC purchased a new position in Frontier Communications Corp during the fourth quarter worth $790,000. A total of 302.25 million shares exchanged at hands and its average trading volume is standing at 28.55 million shares. Norges Bank purchased a new position in Frontier Communications Corp during the fourth quarter worth $17,074,000. First Republic Investment Management Inc. now owns 29,657 shares of the company's stock valued at $101,000 after buying an additional 2,652 shares in the last quarter. Valley National Advisers Inc. boosted its position in Frontier Communications Corp by 4.4% in the third quarter.

Relative strength index (RSI-14) for Frontier Communications Corporation (NASDAQ:FTR) is at 31.86. Shares of Frontier Communications Corporation (FTR) are trading -51.84% downward from the 52-week high mark and 6.93% above from the fifty two-week low mark. The average 12-month price target among analysts that have updated their coverage on the stock in the a year ago is $3.45. The firm attains analyst recommendation of 2.70 out of 1-5 scale with week's performance of -3.70%.

Considering the performance, Frontier Communications Corporation (FTR)'s shares have the potential to reach a high EPS of -0.01 per share, and a low EPS of -0.07 per share in the current quarter. Average true range (ATR-14) of the company is at 0.12. Finally, Bank of America Corp downgraded shares of Frontier Communications Corp from a buy rating to a neutral rating and set a $2.50 target price for the company.in a research note on Tuesday, March 7th.

Frontier Communications Corporation (NASDAQ:FTR) is expected to post revenue of $2.35 Billion in the current quarter, according to consensus of 10 analysts. The difference between Actual EPS and Estimated EPS was 0.01 Percent. The analysts offering Earnings Estimates for the company were believing that Frontier Communications Corporation (FTR) could bring EPS of $-0.05/share.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 17.00%. The ex-dividend date is Monday, March 13th. Frontier Communications Corp's payout ratio is presently -77.78%. Vetr downgraded shares of Frontier Communications Corp from a buy rating to a sell rating and set a $3.46 target price for the company.in a research note on Tuesday, January 3rd.

Frontier Communications Corp (NASDAQ:FTR) last released its earnings results on Monday, February 27th. The Weekly Volatility is 3.00% and the Monthly Volatility is 4.48%. Morgan Stanley downgraded shares of Frontier Communications Corp from an overweight rating to a neutral rating in a research note on Tuesday, February 28th. Finally, Zacks Investment Research upgraded Frontier Communications Corp from a "strong sell" rating to a "hold" rating in a research note on Wednesday.

Several sell side analysts reviewed their recommendations on Frontier Communications Corporation (FTR) where 0 analyst have rated the stock as Strong Buy, 0 analysts said it's a Buy, 0 rated the stock as Hold, 0 analysts reported Underperform and 0 analysts gave their recommendations as Sell.

Company has reported several Insider transactions to the SEC, on Nov 12, 2015, Kathleen Weslock (EVP, Chief People Officer) purchased 12,370 shares at 4.81 per share price.On Nov 12, 2015, Steve Gable (EVP, Chief Technology Officer) purchased 53,416 shares at 4.75 per share price.On Nov 12, 2015, Kathleen Q Abernathy (EVP, External Affairs) purchased 46,391 shares at 4.85 per share price. 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.

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