The stock of Frontier Communications Corp (NASDAQ:FTR) is a huge mover today! About 9.95 million shares traded hands. Frontier Communications Corp (NASDAQ:FTR) has declined 24.42% since March 15, 2016 and is downtrending. It has underperformed by 29.90% the S&P500.
The move comes after 6 months positive chart setup for the $4.68B company. It was reported on Oct, 18 by Barchart.com. We have $6.21 PT which if reached, will make NASDAQ:FTR worth $2.53B 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 firm has “Overweight” rating given on Tuesday, August 4 by JP Morgan. The firm has “Outperform” rating by Bernstein given on Tuesday, September 15. The stock of Frontier Communications Corp (NASDAQ:FTR) has “Overweight” rating given on Wednesday, August 19 by Stephens. On Monday, July 11 the stock rating was initiated by Macquarie Research with “Underperform”. Raymond James maintained Frontier Communications Corp (NASDAQ:FTR) on Tuesday, August 2 with “Outperform” rating. The firm earned “Sell” rating on Wednesday, March 9 by Citigroup. The firm has “Sector Perform” rating given on Tuesday, September 22 by RBC Capital Markets. The company was upgraded on Tuesday, September 6 by Macquarie Research. Morgan Stanley downgraded it to “Equal-Weight” rating and $5.40 target price in Monday, July 18 report. On Monday, October 12 the stock rating was downgraded by Sandler O’Neill to “Hold”.
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 increased, 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.
Regions Corporation reported 22,689 shares or 0% of all its holdings. Nikko Asset Mgmt Americas accumulated 1 shares or 0% of the stock. State Treasurer State Of Michigan accumulated 407,471 shares or 0.02% of the stock. Brookstone Capital Management holds 695,273 shares or 0.45% of its portfolio. Bb&T Corp reported 43,243 shares or 0% of all its holdings. Massachusetts Fincl Ma has 0.02% invested in the company for 7.66M shares. Quantbot Tech L P has 29,773 shares for 0.02% of their US portfolio. Qci Asset Mgmt Ny owns 263 shares or 0% of their US portfolio. Exane Derivatives has 0% invested in the company for 12,153 shares. Joel Isaacson Limited Co, a New York-based fund reported 4,234 shares. Eads And Heald Counsel reported 18,850 shares or 0.06% of all its holdings. Exxonmobil Inv Mgmt Tx holds 0.03% of its portfolio in Frontier Communications Corp (NASDAQ:FTR) for 303,652 shares. Spot Trading Limited Liability Corp holds 0% or 40 shares in its portfolio. Evercore Wealth Mngmt Limited Liability Company owns 13 shares or 0% of their US portfolio. Apg Asset Nv has 921,209 shares for 0.01% of their US portfolio.
More notable recent Frontier Communications Corp (NASDAQ:FTR) news were published by: Fool.com which released: “Frontier Communications Corporation’s Biggest Failure in 2016 So Far” on October 05, 2016, also Fool.com with their article: “3 Reasons Frontier Communications Corporation Stock Could Rise” published on September 22, 2016, Fool.com published: “Frontier Communications Corporation in 3 Charts” on September 27, 2016. More interesting news about Frontier Communications Corp (NASDAQ:FTR) were released by: Fool.com and their article: “Frontier Communications Corporation’s Worst Move in 2016 So Far” published on October 03, 2016 as well as Fool.com‘s news article titled: “Frontier Communications Corporation’s Best Move in 2016 So Far” with publication date: September 26, 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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