Economy

Frontier Communications Corp 2017 Q2 Institutional Investor Sentiment Worse Than Expected

What Historical Figures Say About Frontier Communications Corporation (NASDAQ:FTR)?

The share of Frontier Communications Corporation (FTR) now has a value of $11.97 while the company's 52 week low is at $11.65, the shares dropped to the 52 week low on 08/23/17.

Shares of The Kraft Heinz Company (NASDAQ:KHC) dropped -0.04% to $81.40. Frontier Communications Corporation (NASDAQ:FTR) has been trading in a bearish manner, based on the relative positions of the stock's 20 and 200 day moving averages. Bank of New York Mellon Corp now owns 25,636,186 shares of the utilities provider's stock worth $29,738,000 after acquiring an additional 1,757,905 shares in the last quarter.

Hg Vora Capital Management Llc holds 0.8% of its portfolio in Frontier Communications Corp for 8.25 million shares. World Asset Management Inc now owns 104,176 shares of the utilities provider's stock valued at $121,000 after purchasing an additional 13,158 shares in the last quarter. Bollard Group LLC lifted its holdings in Frontier Communications Corporation by 3.3% in the 2nd quarter. As of the end of the quarter Davidson Kempner Capital Management Lp had disposed of a total of 100,000 shares trimming its position 12.5%. Raymond James Financial Services Advisors upgraded its position in Frontier Communications Corporation by 53.0% in the 2nd period.

This stock (FTR) is ahead of its 52-week low with 2.75%.

Frontier Communications Corporation is a well-known provider of communications services in the United States. Hilliard Lyons cut shares of Frontier Communications Corporation from a "neutral" rating to an "underperform" rating in a report on Wednesday, August 9th. Analysts set a 12-month price target of $9.53 a share. Goldman Sachs downgraded the shares of FTR in report on Wednesday, March 22 to "Sell" rating.

Short traders are feeling a little more bullish on shares of Frontier Communications Corpora recently if you take into consideration the decrease in short interest. Insider ownership decreased by a total of 1485 shares, which suggests that FTR's key executives are feeling less optimistic about the outlook for the stock.

Frontier Communications Corp (NASDAQ:FTR) institutional sentiment decreased to 0.44 in 2017 Q2. The company rocked its 52-Week High of $66 and touched its 52-Week Low of $11.65. The firm's market cap is $942.19 million. Latest closing price was -3.75% below its 50-day moving average and -7.72% below its 200-day moving average.

Frontier Communications Corporation (NASDAQ:FTR) has a beta of 0.64, compared to a beta of 1 for the market, which implies that the stock's price movements are less extreme than the market as a whole.

The High Revenue estimate is predicted as 2.27 Million, while the Low Revenue Estimate prediction stands at 2.24 Million. Frontier Communications Corporation had a negative return on equity of 1.28% and a negative net margin of 9.35%. The ex-dividend date is Thurs, Sep 14th. this indicates a $2.40 dividend on a yearly basis and a payout of of 17.44%. On average, equities research analysts anticipate that Frontier Communications Corporation will post ($4.13) EPS for the current fiscal year.

Frontier Communications Corporation (FTR) has a market capitalization of 939.85 Million which suggests the company is a huge company further suggesting that the shares of Frontier Communications Corporation (FTR) are stable and safe compared to the lower market capitalization companies.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th.



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