The stock of Frontier Communications Corp (NASDAQ:FTR) is a huge mover today! About 7.25 million shares traded hands. Frontier Communications Corp (NASDAQ:FTR) has declined 23.11% since February 29, 2016 and is downtrending. It has underperformed by 35.32% the S&P500.
The move comes after 7 months positive chart setup for the $4.80B company. It was reported on Oct, 3 by Barchart.com. We have $6.27 PT which if reached, will make NASDAQ:FTR worth $2.40B more.
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. The stock has “Underperform” rating given by Macquarie Research on Monday, July 11. As per Monday, October 12, the company rating was downgraded by Sandler O’Neill. Macquarie Research upgraded the stock to “Neutral” rating in Tuesday, September 6 report. The rating was maintained by Raymond James on Tuesday, August 2 with “Outperform”. The firm has “Sell” rating by Citigroup given on Wednesday, March 9. The rating was initiated by Cowen & Co with “Outperform” on Tuesday, October 13. The stock of Frontier Communications Corp (NASDAQ:FTR) earned “Outperform” rating by Macquarie Research on Thursday, September 3. The rating was maintained by Bernstein on Tuesday, September 15 with “Outperform”. RBC Capital Markets initiated Frontier Communications Corp (NASDAQ:FTR) rating on Tuesday, September 22. RBC Capital Markets has “Sector Perform” rating and $6.0 price target. The company was downgraded on Monday, July 18 by Morgan Stanley.
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 Q2 2016. 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.
Scotia last reported 0% of its portfolio in the stock. Advantus Capital Inc reported 469,011 shares or 0.06% of all its holdings. Great West Life Assurance Can has 784,244 shares for 0.02% of their US portfolio. The Florida-based Texas Yale Capital Corp has invested 0.01% in Frontier Communications Corp (NASDAQ:FTR). Dai Ichi Life Ins accumulated 0% or 25,711 shares. Quantbot Tech L P last reported 0.02% of its portfolio in the stock. The New York-based Edge Wealth Management Ltd Company has invested 0% in Frontier Communications Corp (NASDAQ:FTR). Vision Cap accumulated 10,810 shares or 0.02% of the stock. Alliancebernstein Lp holds 0.01% or 2.12 million shares in its portfolio. Bokf Na owns 16,309 shares or 0% of their US portfolio. Ubs Oconnor Ltd Llc owns 121,537 shares or 0% of their US portfolio. Private Harbour Invest Management & Counsel Lc accumulated 0.05% or 11,101 shares. Raymond James Tru Na holds 0.05% of its portfolio in Frontier Communications Corp (NASDAQ:FTR) for 126,832 shares. Gideon Advisors holds 15,590 shares or 0.04% of its portfolio. Eqis Mgmt accumulated 31,641 shares or 0.01% of the stock.
More notable recent Frontier Communications Corp (NASDAQ:FTR) news were published by: Fool.com which released: “Frontier Communications Corporation’s Worst Move in 2016 So Far” on October 03, 2016, also Fool.com with their article: “Frontier Communications Corporation in 3 Charts” published on September 27, 2016, Fool.com published: “Frontier Communications Corporation’s Best Move in 2016 So Far” on September 26, 2016. More interesting news about Frontier Communications Corp (NASDAQ:FTR) were released by: Fool.com and their article: “3 Reasons Frontier Communications Corporation Stock Could Rise” published on September 22, 2016 as well as Fool.com‘s news article titled: “Frontier Communications Corporation’s Best Business Segment in 2016 So Far” with publication date: September 19, 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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