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.



Like this

loading...
loading...

Latest


27 September 2017
Arsenal striker Lacazette: Defence has been our saviour
Xhaka has been hugely impressed with his new team-mate but has challenged Lacazette to score away from home. The France worldwide netted his first Arsenal brace on Monday evening, scoring twice against West Brom .

27 September 2017
Airtel deploys 5G capable technology; promises faster data speeds
Massive MIMO creates 3D beams both on horizontal and vertical planes towards users located within its coverage footprint. Customers can enjoy these faster data speeds on their existing 4G mobile devices without any upgrades or plan change.

27 September 2017
Back With Atletico, Costa Says all's Well That Ends Well
He will be eligible for selection from January 2 when the Spanish transfer window opens and Atletico's ban ends. A Chelsea statement on Thursday had said they had agreed terms with the La Liga side for the transfer of Costa.

27 September 2017
Camila Cabello Is Unfazed By All That Fifth Harmony Shade
Did you love Camila's performance? We mean, Camila was just shining throughout the whole set. She was met by adoring fans and took time to pose for a selfie with the enthusiastic crowd.

27 September 2017
BHP Billiton plc's (BLT) "Outperform" Rating Reaffirmed at Macquarie
ValuEngine lowered BHP Billiton PLC from a "strong-buy" rating to a " buy" rating in a report on Thursday, August 24th. Oppenheimer Asset Management Inc.'s holdings in BHP Billiton PLC were worth $849,000 as of its most recent SEC filing.

27 September 2017
Justice Dept. to Argue for Allowing Discrimination of LGBTQ Workers
Justice Department lawyer Hashim Mooppan insists that Congress never intended for that law to protect gay workers against bias. Zarda died in a base jumping accident shortly after filing the suit, and he is now being represented by his estate.

27 September 2017
SEC Announces Cyber Unit, Closer Investigation of ICOs
The Cyber Unit will consolidate and advance these efforts, and include staff from across the Enforcement Division. Thus, registrants can expect the Cyber Unit to evolve much as the SEC's other specialty units have previously.

27 September 2017
Deloitte Hit by Cyber-Attack, Says 'Very Few Clients' Affected
Deloitte's statement did not say when the attack took place or who was targeted. "This trend is going to continue to grow". The company did not name the clients, confirm the number of clients it had contacted or say what type of data was stolen.

27 September 2017
Laredo Petroleum, Inc. (NYSE:LPI) Holdings Reduced by Icon Advisers Inc
BidaskClub lifted shares of Laredo Petroleum from a "sell" recommendation to a "hold" recommendation in a study on Wed, Jul 12th. It operates through two segments: Exploration and production of oil and natural gas properties, and Midstream and marketing.

27 September 2017
Total SA (FP) PT Set at €56.00 by Goldman Sachs Group, Inc
Following the completion of the sale, the director now owns 854,925 shares of the company's stock, valued at $194,743,365.75. TRADEMARK VIOLATION NOTICE: This piece of content was published by StockNewsTimes and is the property of of StockNewsTimes.