The stock of Frontier Communications Corp (NASDAQ:FTR) is a huge mover today! The stock decreased 2.12% or $0.09 during the last trading session, hitting $4.16. About 20.36M shares traded hands. Frontier Communications Corp (NASDAQ:FTR) has declined 23.11% since February 29, 2016 and is downtrending. It has underperformed by 33.53% the S&P500.
The move comes after 8 months negative chart setup for the $4.78 billion company. It was reported on Oct, 1 by Barchart.com. We have $3.83 PT which if reached, will make NASDAQ:FTR worth $382.40M less.
Analysts await Frontier Communications Corp (NASDAQ:FTR) to report earnings on November, 1. They expect $-0.01 EPS, down 133.33% or $0.04 from last year’s $0.03 per share. After $-0.02 actual EPS reported by Frontier Communications Corp for the previous quarter, Wall Street now forecasts -50.00% EPS growth.
Frontier Communications Corp (NASDAQ:FTR) Ratings Coverage
Out of 9 analysts covering Frontier Communications (NASDAQ:FTR), 4 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 44% are positive. Frontier Communications has been the topic of 13 analyst reports since August 4, 2015 according to StockzIntelligence Inc. On Tuesday, September 22 the stock rating was initiated by RBC Capital Markets with “Sector Perform”. The company was maintained on Tuesday, August 2 by Raymond James. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Monday, July 18 report. The stock has “Neutral” rating given by Macquarie Research on Tuesday, September 6. Sandler O’Neill downgraded the stock to “Hold” rating in Monday, October 12 report. Stephens initiated the shares of FTR in a report on Wednesday, August 19 with “Overweight” rating. The firm has “Outperform” rating by Bernstein given on Tuesday, September 15. The firm has “Underperform” rating given on Monday, July 11 by Macquarie Research. As per Thursday, September 3, the company rating was maintained by Macquarie Research. The firm earned “Overweight” rating on Tuesday, August 4 by JP Morgan.
According to Zacks Investment Research, “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. The Company offers a variety of voice, data, Internet, and television services and products. It also provides local and long distance voice services, enhanced services, long distance network services and packages of communications services. Frontier Communications Corporation is based in Stamford, Connecticut.”
Insitutional Activity: The institutional sentiment increased to 1.38 in 2016 Q2. Its up 0.27, from 1.11 in 2016Q1. The ratio is positive, as 54 funds sold all Frontier Communications Corp shares owned while 137 reduced positions. 62 funds bought stakes while 202 increased positions. They now own 757.61 million shares or 2.21% less from 774.76 million shares in 2016Q1.
Allianz Asset Management Ag last reported 0% of its portfolio in the stock. Moreover, Toronto Dominion Comml Bank has 0% invested in Frontier Communications Corp (NASDAQ:FTR) for 6,599 shares. Tower Rech Ltd Limited Liability Company (Trc) last reported 0% of its portfolio in the stock. Amalgamated Comml Bank owns 160,528 shares or 0.05% of their US portfolio. Shamrock Asset Limited Co holds 0% of its portfolio in Frontier Communications Corp (NASDAQ:FTR) for 47 shares. Cornerstone Inc holds 383 shares or 0% of its portfolio. Checchi Cap Advisers Lc, a California-based fund reported 28,497 shares. Vnbtrust National Association holds 17,084 shares or 0.05% of its portfolio. Fifth Third National Bank holds 0% of its portfolio in Frontier Communications Corp (NASDAQ:FTR) for 9,572 shares. Meiji Yasuda Asset Management Company last reported 11,109 shares in the company. Panagora Asset Incorporated accumulated 0.03% or 1.27 million shares. Gideon Capital has invested 0.04% of its portfolio in Frontier Communications Corp (NASDAQ:FTR). Blackrock Mgmt Ltd Company has 0.02% invested in the company for 2.60M shares. Fort Washington Inv Advsr Oh holds 0.01% or 81,161 shares in its portfolio. Archford Strategies Limited Liability Company has 0.01% invested in the company for 2,644 shares.
More notable recent Frontier Communications Corp (NASDAQ:FTR) news were published by: Fool.com which released: “Frontier Communications Corporation in 3 Charts” on September 27, 2016, also Fool.com with their article: “Frontier Communications Corporation’s Best Move in 2016 So Far” published on September 26, 2016, Fool.com published: “3 Reasons Frontier Communications Corporation Stock Could Rise” on September 22, 2016. More interesting news about Frontier Communications Corp (NASDAQ:FTR) were released by: Fool.com and their article: “Frontier Communications Corporation’s Best Business Segment in 2016 So Far” published on September 19, 2016 as well as Fool.com‘s news article titled: “Frontier Communications Corporation’s Most Disappointing Business Segment in …” with publication date: September 15, 2016.
FTR Company Profile
Frontier Communications Corporation (Frontier), incorporated on November 12, 1935, offers a range of voice, data, and video services and products. The Firm offers a portfolio of communications services for residential and business clients in each of its markets. The Firm conducts business with both residential and business customers. The Company’s product portfolio includes Internet access, broadband-enabled services, video services and voice services. It offers these services both on a standalone basis and as bundled packages that are designed to simplify customer purchasing decisions. Frontier provides both regulated and unregulated voice, data and video services to residential, business and wholesale customers. It provides data and Internet services; local and long distance wireline voice services to residential and business clients in its service areas; network access to interexchange carriers for origination and termination of long distance voice and data traffic; sales of its own and third-party video services, and sales of customer premise equipment.
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