Frontier Communications Corp (FTR) Receives “Buy” Rating from UBS Group AG

Frontier Communications Corp (NASDAQ:FTR)‘s stock had its “buy” rating reiterated by equities researchers at UBS Group AG in a research report issued to clients and investors on Thursday, May 4th.

A number of other equities research analysts have also issued reports on FTR. Royal Bank of Canada reaffirmed a “hold” rating and set a $3.50 target price on shares of Frontier Communications Corp in a research report on Tuesday, February 28th. Jefferies Group LLC lowered their price target on Frontier Communications Corp from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Tuesday, February 28th. Morgan Stanley downgraded Frontier Communications Corp from an “overweight” rating to a “neutral” rating in a report on Tuesday, February 28th. JPMorgan Chase & Co. downgraded Frontier Communications Corp from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $2.96 to $2.51 in a research note on Tuesday, February 28th. Finally, TheStreet downgraded Frontier Communications Corp from a “c-” rating to a “d+” rating in a research note on Monday, February 27th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Frontier Communications Corp has an average rating of “Hold” and an average price target of $3.46.

Analyst Recommendations for Frontier Communications Corp (NASDAQ:FTR)

Frontier Communications Corp (NASDAQ:FTR) traded up 12.31% during midday trading on Thursday, reaching $1.46. 50,840,006 shares of the company were exchanged. The company has a 50 day moving average of $1.76 and a 200-day moving average of $2.85. The company’s market capitalization is $1.72 billion. Frontier Communications Corp has a 52-week low of $1.19 and a 52-week high of $5.30.

Frontier Communications Corp (NASDAQ:FTR) last posted its quarterly earnings data on Tuesday, May 2nd. The utilities provider reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.03. Frontier Communications Corp had a positive return on equity of 2.05% and a negative net margin of 5.01%. The firm had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.34 billion. On average, equities research analysts anticipate that Frontier Communications Corp will post ($0.25) earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $0.16 annualized dividend and a dividend yield of 10.96%. Frontier Communications Corp’s dividend payout ratio is currently -77.78%.

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Several large investors have recently added to or reduced their stakes in the stock. City Financial Investment Co Ltd bought a new stake in Frontier Communications Corp during the first quarter valued at $3,638,000. Green Square Capital LLC raised its stake in Frontier Communications Corp by 64.1% in the first quarter. Green Square Capital LLC now owns 1,561,726 shares of the utilities provider’s stock valued at $3,342,000 after buying an additional 609,775 shares in the last quarter. Fore Research & Management LP bought a new stake in Frontier Communications Corp during the first quarter valued at $342,000. Tudor Investment Corp ET AL raised its stake in Frontier Communications Corp by 259.9% in the first quarter. Tudor Investment Corp ET AL now owns 142,872 shares of the utilities provider’s stock valued at $306,000 after buying an additional 103,170 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its stake in Frontier Communications Corp by 84.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 1,093,139 shares of the utilities provider’s stock valued at $2,339,000 after buying an additional 500,293 shares in the last quarter. Institutional investors own 67.26% of the company’s stock.

About Frontier Communications Corp

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).

12 Month Chart for NASDAQ:FTR

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