Frontier Communications Corporation (NASDAQ:FTR)‘s stock had its “market perform” rating restated by investment analysts at Wells Fargo & Company in a report issued on Thursday. They presently have a $9.00 target price on the utilities provider’s stock, down from their prior target price of $14.50. Wells Fargo & Company’s price target indicates a potential downside of 25.68% from the company’s previous close.

A number of other equities analysts also recently commented on the company. UBS AG reduced their price objective on Frontier Communications Corporation from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Wednesday. J P Morgan Chase & Co downgraded Frontier Communications Corporation from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $17.00 to $8.00 in a research report on Wednesday. BidaskClub upgraded Frontier Communications Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Vetr downgraded Frontier Communications Corporation from a “strong-buy” rating to a “buy” rating and set a $13.35 price objective on the stock. in a research report on Tuesday. Finally, Zacks Investment Research upgraded Frontier Communications Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $9.93.

Frontier Communications Corporation (NASDAQ:FTR) last announced its quarterly earnings data on Tuesday, October 31st. The utilities provider reported ($0.94) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.95) by $0.01. Frontier Communications Corporation had a negative return on equity of 1.89% 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 last year, the business posted ($0.64) earnings per share. The firm’s revenue was down 10.8% compared to the same quarter last year.

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Several hedge funds and other institutional investors have recently modified their holdings of FTR. Bollard Group LLC grew its stake in shares of Frontier Communications Corporation by 3.3% in the second quarter. Bollard Group LLC now owns 92,852 shares of the utilities provider’s stock valued at $108,000 after buying an additional 2,973 shares in the last quarter. Shelton Capital Management acquired a new stake in shares of Frontier Communications Corporation in the second quarter valued at $111,000. GSA Capital Partners LLP acquired a new stake in shares of Frontier Communications Corporation in the second quarter valued at $113,000. World Asset Management Inc grew its stake in shares of Frontier Communications Corporation by 14.5% in the second quarter. World Asset Management Inc now owns 104,176 shares of the utilities provider’s stock valued at $121,000 after buying an additional 13,158 shares in the last quarter. Finally, Eqis Capital Management Inc. grew its stake in shares of Frontier Communications Corporation by 85.1% in the second quarter. Eqis Capital Management Inc. now owns 107,296 shares of the utilities provider’s stock valued at $124,000 after buying an additional 49,329 shares in the last quarter.

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).

Analyst Recommendations for Frontier Communications Corporation (NASDAQ:FTR)

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