Economy

Notable Stock Analysts Ratings Frontier Communications Corporation (FTR)

Several other hedge funds have also modified their holdings of FTR. Gotham Asset Management LLC bought a new position in shares of Frontier Communications Corporation during the first quarter valued at about $9,600,000. BlackRock Inc. now owns 116,003,627 shares of the utilities provider's stock valued at $248,246,000 after purchasing an additional 113,578,500 shares in the last quarter. It dropped, as 171 investors sold Frontier Communications Corp shares while 118 reduced holdings. First Trust Advisors LP now owns 42,741,996 shares of the utilities provider's stock worth $49,581,000 after acquiring an additional 21,522,621 shares in the last quarter. Morgan Stanley grew its stake in shares of Frontier Communications Corporation by 133.9% during the first quarter. The Meridian Investment Counsel Inc holds 518,548 shares with $602,000 value, up from 29,498 last quarter. Legal & General Group Plc now owns 7,859,853 shares of the utilities provider's stock worth $16,820,000 after acquiring an additional 539,980 shares in the last quarter. Advisors Asset Management Inc. now owns 7,073,545 shares of the utilities provider's stock worth $8,205,000 after acquiring an additional 210,895 shares in the last quarter.

Frontier Communications Corporation (NASDAQ:FTR)'s earnings per share has been growing at a -40.4 percent rate over the past 5 year when average revenue increase was noted as 11.2 percent. Currently, 280 million total shares are owned by the public and among those 271.5 million shares have been available to trade. The company has market cap of $969.69 million.

In recent action, Frontier Communications Corporation (FTR) has made a move of -3.91% over the past month, which has come on weak relative transaction volume. The stock is trading $13.96 its 50-day moving average by 1.68%.

Frontier Communications Corporation (NASDAQ:FTR) last issued its earnings results on Tuesday, August 1st. The dividend will be $0.600 per share for the quarter which is $2.40 annualized. These analysts have also projected a Low Estimate of $-2.11/share and a High Estimate of $-0.59/share. Frontier Communications Corporation had a negative net margin of 9.35% and a negative return on equity of 1.28%.

The company's consensus rating on Reuter's scale improved from 2.79 to 2.87 during a month. During the same period in the previous year, the firm earned ($0.29) EPS.

In the latest earnings report the EPS was $-14.43 and is estimated to be $-4.13 for the current year with 78,516,000 shares now outstanding. Investors of record on Friday, September 15th will be issued a dividend of $0.60 per share. Frontier Communications Corporation's dividend payout ratio (DPR) is now -16.65%. At present, 2 analysts call it Sell, while 12 think it is Hold. More interesting news about Frontier Communications Corp (NASDAQ:FTR) were released by: Fool.com and their article: "Why I Hate Frontier Communications Corp." published on September 10, 2017 as well as Fool.com's news article titled: "Can Frontier Communications Corp.'s Dividend Even Survive?" with publication date: June 18, 2017. Frontier Communications Corporation's payout ratio is -16.65%. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & worldwide copyright & trademark legislation. The correct version of this piece can be accessed at https://www.dispatchtribunal.com/2017/09/27/frontier-communications-corporation-ftr-stake-raised-by-bank-of-new-york-mellon-corp.html.

The Stock had a 2.77 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 2.62 and 2.62 respectively. The stock of Frontier Communications Corp (NASDAQ:FTR) has "Neutral" rating given on Tuesday, September 6 by Macquarie Research. ValuEngine upgraded Frontier Communications Corporation from a sell rating to a hold rating in a research note on Tuesday, July 11th. As per Tuesday, August 8, the company rating was maintained by RBC Capital Markets. Currently, the stock has a 1 Year Price Target of $19.48.

According to Financial Times, The 3 analysts offering 12 month price targets for InterDigital, Inc. have a median target of 90.00, with a high estimate of 100.00 and a low estimate of 90.00. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Hold and an average target price of $7.02.



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