Frontier Communications Corp (NASDAQ:FTR) traded down 2.227% during mid-day trading on Wednesday, reaching $2.415. NY owned 0.05% of Frontier Communications Corp worth $2,004,000 as of its most recent filing with the SEC.
Several institutional investors have recently added to or reduced their stakes in FTR. AE Wealth Management LLC purchased a new position in Frontier Communications Corp during the fourth quarter worth $790,000. The Average Volume (3 months) is 28.55 Million.
In the last trading session, The Company traded 308.57 Million shares. Finally, Valley National Advisers Inc. raised its position in shares of Frontier Communications Corp by 4.4% in the third quarter. Finally, Checchi Capital Advisers LLC increased its stake in shares of Frontier Communications Corp by 12.9% in the third quarter. NEXT Financial Group Inc now owns 30,191 shares of the company's stock worth $126,000 after buying an additional 7,741 shares in the last quarter. Institutional investors and hedge funds own 67.26% of the company's stock.
Frontier Communications Corporation (FTR) now has a consensus Price Target of $3.58. The stock touched its high share price of $5.75 on April 20, 2016 and the stock also touched its Lowest price in the last 52-weeks of trading on Mar 15, 2017 as $2.31. The highest price target outlook for the stock is $5 and the minimum price target estimate is $2.25. The firm's market capitalization is $2.90 billion.
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The company's quick ratio for most recent quarter is 0.70 along with current ratio for most recent quarter of 0.70.
While Looking at Sales Growth (Year/est), the company is now showing a percentage value of -100 percent.
Frontier Communications Corporation (NASDAQ:FTR) is expected to post revenue of $2.35 Billion in the current quarter, according to consensus of 10 analysts.
FTR has price to current year EPS stands at -72.30%. The company reported revenue of $1.32 Billion in the same period past year.
Earnings estimate: "9" Analysts are saying that the company to report next quarterly earnings of $-0.05 per share for period Quarter Ending_Jun-17.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th will be issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 17.43%. The ex-dividend date of this dividend is Monday, March 13th.
Frontier Communications Corporation operates as a communications company providing services primarily to rural areas and small and medium-sized towns and cities in the United States.
Several equities analysts have recently commented on FTR shares. Jefferies Group LLC reduced their target price on Frontier Communications Corp from $5.00 to $4.00 and set a "buy" rating for the company in a research note on Tuesday, February 28th.
Relative strength index (RSI-14) for Frontier Communications Corp (NASDAQ:FTR) is at 31.86.
When we have a peek on stock's historical trends we come to know that, the stock has slipped -3.70% in the past one week and plunged -22.09% during previous one month drive, the stock went down -23.26% during past quarter. Morgan Stanley downgraded shares of Frontier Communications Corp from an overweight rating to a neutral rating in a research note on Tuesday, February 28th.
Zacks Investment Research also rated the stock with a value of 2.42. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock.
Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms.
Frontier Communications Corporation (Frontier) offers a range of voice, data, and video services and products.
In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report.