Frontier Communications Corp (NASDAQ:FTR) has been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $2.22.

Several equities research analysts have weighed in on FTR shares. Cowen set a $2.00 price objective on Frontier Communications and gave the stock a “hold” rating in a report on Wednesday, August 7th. Guggenheim set a $1.00 price objective on Frontier Communications and gave the stock a “sell” rating in a report on Wednesday, August 7th. Zacks Investment Research cut Frontier Communications from a “hold” rating to a “sell” rating in a report on Tuesday, April 30th. Royal Bank of Canada set a $1.00 price objective on Frontier Communications and gave the stock a “hold” rating in a report on Wednesday, August 7th. Finally, ValuEngine upgraded Frontier Communications from a “sell” rating to a “hold” rating in a report on Thursday, August 1st.

FTR stock traded down $0.10 during trading on Wednesday, hitting $0.67. 36,965 shares of the company traded hands, compared to its average volume of 3,688,061. The firm has a market capitalization of $81.15 million, a price-to-earnings ratio of -0.51 and a beta of 1.46. Frontier Communications has a 1 year low of $0.72 and a 1 year high of $7.25. The stock has a 50-day moving average of $1.41. The company has a debt-to-equity ratio of 10.77, a current ratio of 1.14 and a quick ratio of 1.14.

Frontier Communications (NASDAQ:FTR) last issued its earnings results on Tuesday, August 6th. The utilities provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of ($0.28) by $1.26. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Frontier Communications had a positive return on equity of 21.42% and a negative net margin of 71.86%. Frontier Communications’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.92) EPS. As a group, equities analysts predict that Frontier Communications will post -1.19 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in shares of Frontier Communications by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 1,056,341 shares of the utilities provider’s stock worth $2,514,000 after buying an additional 39,342 shares during the last quarter. Cetera Advisors LLC purchased a new position in shares of Frontier Communications in the 1st quarter worth $35,000. Royce & Associates LP boosted its stake in shares of Frontier Communications by 40.6% in the 1st quarter. Royce & Associates LP now owns 26,468 shares of the utilities provider’s stock worth $53,000 after buying an additional 7,640 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of Frontier Communications by 356.6% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 34,486 shares of the utilities provider’s stock worth $82,000 after buying an additional 26,933 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Frontier Communications in the 4th quarter worth $532,000. Hedge funds and other institutional investors own 77.10% of the company’s stock.

Frontier Communications Company Profile

Frontier Communications Corporation provides communications services to consumer, commercial, and wholesale customers in the United States. It offers broadband, video, voice, and other services and products through a combination of fiber and copper-based networks to consumer customers. The company also provides Ethernet and traditional circuit-based services; software defined wide area network, managed Wi-Fi and cloud IT solutions, voice and Unified Communications as a Service (UCaaS), and Voice over Internet Protocol (VoIP) services, as well as hardware and network solutions and services to small and medium business, and large enterprises.

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Analyst Recommendations for Frontier Communications (NASDAQ:FTR)

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