Trade Report: Today, Frontier Communications Corp. (FTR) Stock Rating Reaffirm by Gabelli

Today, Frontier Communications Corp. (FTR) Stock Rating Reaffirm by Gabelli

Frontier Communications Corp. (NASDAQ:FTR)‘s stock had its “buy” rating reaffirmed by Gabelli in a research note issued on Tuesday.

A number of other research firms also recently commented on FTR. Zacks Investment Research downgraded Frontier Communications Corp. from a “buy” rating to a “hold” rating in a research note on Friday, July 29th. Macquarie raised Frontier Communications Corp. from an “underperform” rating to a “neutral” rating in a research note on Tuesday, September 6th. Wells Fargo & Co. reaffirmed an “outperform” rating and issued a $8.75 price target on shares of Frontier Communications Corp. in a research note on Monday, September 19th. Jefferies Group reaffirmed a “buy” rating and issued a $6.00 price target on shares of Frontier Communications Corp. in a research note on Tuesday, August 2nd. Finally, Hilliard Lyons reaffirmed a “neutral” rating on shares of Frontier Communications Corp. in a research note on Thursday, November 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $5.54.

Shares of Frontier Communications Corp. (NASDAQ:FTR) opened at 3.69 on Tuesday. The company has a 50 day moving average of $3.71 and a 200-day moving average of $4.56. Frontier Communications Corp. has a 12 month low of $3.10 and a 12 month high of $5.85. The firm’s market capitalization is $4.33 billion.

Frontier Communications Corp. (NASDAQ:FTR) last posted its quarterly earnings results on Tuesday, November 1st. The company reported ($0.04) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.04). The business earned $2.52 billion during the quarter, compared to the consensus estimate of $2.57 billion. Frontier Communications Corp. had a positive return on equity of 2.05% and a negative net margin of 5.01%. Frontier Communications Corp.’s revenue for the quarter was up 77.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.03 earnings per share. Analysts predict that Frontier Communications Corp. will post ($0.10) EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Thursday, December 15th will be issued a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 11.38%. The ex-dividend date of this dividend is Tuesday, December 13th. Frontier Communications Corp.’s payout ratio is presently -77.78%.

Hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Frontier Communications Corp. by 0.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 44,753 shares of the company’s stock valued at $221,000 after buying an additional 150 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Frontier Communications Corp. by 0.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 37,170 shares of the company’s stock valued at $155,000 after buying an additional 170 shares during the period. Valley National Advisers Inc. raised its position in shares of Frontier Communications Corp. by 1.1% in the second quarter. Valley National Advisers Inc. now owns 30,576 shares of the company’s stock valued at $151,000 after buying an additional 343 shares during the period. Rothschild Investment Corp IL raised its position in shares of Frontier Communications Corp. by 0.5% in the second quarter. Rothschild Investment Corp IL now owns 105,902 shares of the company’s stock valued at $523,000 after buying an additional 557 shares during the period. Finally, HL Financial Services LLC raised its position in shares of Frontier Communications Corp. by 2.2% in the second quarter. HL Financial Services LLC now owns 32,817 shares of the company’s stock valued at $162,000 after buying an additional 715 shares during the period. Institutional investors and hedge funds own 66.51% of the company’s stock.

Frontier Communications Corp. Company Profile

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