Published: Sun, November 06, 2016
Economy | By Melissa Porter

Wall Street Analyst Rating on: Frontier Communications Corporation (NASDAQ:FTR) , NVIDIA Corporation

Wall Street Analyst Rating on: Frontier Communications Corporation (NASDAQ:FTR) , NVIDIA Corporation

However, quarterly adjusted (excluding special items) loss per share was 4 cents, in line with the Zacks Consensus Estimate. The company's Market capitalization is $19.93 Billion with the total Outstanding Shares of 4.82 billion.

Is Frontier Communications Corporation (NASDAQ:FTR) ready to lock in early pre-market gains?

A number of other analysts also recently weighed in on FTR. Teacher Retirement System of Texas raised its stake in Frontier Communications 42.0% in the third quarter. The Hedge Fund company now holds 1,549,042 shares of FTR which is valued at $5,251,252. Miracle Mile Advisors LLC acquired a new position in shares of Frontier Communications Corp. during the third quarter valued at $291,000. Babson Capital Management LLC now owns 367,115 shares of the company's stock valued at $2,052,000 after buying an additional 354,000 shares in the last quarter. Valley National Advisers Inc. boosted its stake in Frontier Communications 1.1% in the second quarter. Bank of Nova Scotia now owns 23,138 shares of the company's stock worth $114,000 after buying an additional 1,360 shares during the last quarter. The company stock was downgraded to Hold from Buy, wrote analysts at Deutsche Bank, in a research note issued to clients on Wednesday November 02, 2016.

Frontier declined 4.7 percent to a 52-week low of $3.21 a share by 1 p.m.

About 32.39 million shares traded hands or 46.96% up from the average. The firm has a 50-day moving average of $4.09 and a 200 day moving average of $4.79. Analysts have a mean recommendation of 1.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

Wells Fargo Securities downgraded Frontier to "market perform" from "outperform" after the company reported results.

Frontier Communications Corp. had a positive return on equity of 2.00% and a negative net margin of 5.01%.

United States of America based company, Frontier Communications Corporation's (FTR)'s latest closing price distance was at -33.55% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at -26.17% and -22.28% compared with the 20 Day Moving Average. The stock has relative volume of 2.61. The EPS of company is strolling at -0.53.

Sell-side Research analysts on Wall Street that monitor future earnings growth for Frontier Communications Corporation (NASDAQ:FTR) are anticipating that the company will post an EPS number of $-0.02 for the quarter ending 2016-12-31.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Sii Inc Wi has 0.02% invested in the company for 47,695 shares. The ex-dividend date of this dividend is Tuesday, December 13th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 13.44%.

Several analysts have issued reports on the company.

Frontier Communications Corporation (NASDAQ:FTR) reports its Earnings on Tue 1 Nov (3 days ago). Jefferies Group reiterated a "buy" rating and issued a $6.00 price objective on shares of Frontier Communications a research report on Tuesday, August 2nd. Shares registered one year high at $5.50 and the one year low of $3.12. The stock of Frontier Communications Corp (NASDAQ:FTR) has "Neutral" rating given 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. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. The Closing Price of the stock before earnings was $5.2 while on the Next day the stock closed its trading session at $4.99 with a percentage change of -4.04% from the price of 5.2 before Earnings.

Frontier Communications Corporation (Frontier) offers a range of voice, data, and video services and products.

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