Hot Tech Stocks: Frontier Communications Corporation (FTR), InterCloud Systems, Inc. (ICLD)
- Author: Zachary Reyes Mar 03, 2017,
Mar 03, 2017, 3:00
Frontier Communications Corporation (FTR) ended last trading session with a change of -10.94 percent. Aviva PLC owned approximately 0.07% of Frontier Communications Corp worth $2,579,000 at the end of the most recent reporting period. NEXT Financial Group Inc raised its stake in shares of Frontier Communications Corp by 34.5% in the third quarter. They now have a Dollars 5.4 price target on the stock. Currently, 19.4% of the shares of the stock are short sold.
Frontier Communications Corporation (NASDAQ:FTR) now has a consensus Price Target of $4.65. Municipal Employees Retirement System of MI now owns 37,170 shares of the company's stock valued at $155,000 after buying an additional 170 shares during the period. The consensus rating is 2, indicating analysts in general look favorably on the company's future prospects. The stock touched its high share price of $5.85 on Mar 7, 2016 and the stock also touched its Lowest price in the last 52-weeks of trading on Mar 1, 2017 as $2.9. The mean PT for this stock is at $4.65 while the max. level suggested by the brokerage firms is $7.50 and min. PT is $3.00. The firm's market capitalization is $3.40 billion. The analysts believe that the company stock price could grow as high as $7.5.
Several investment firms issued their expert ratings on Frontier Communications Corporation (NASDAQ:FTR) in which Wells Fargo Downgrades Frontier Communications Corporation (NASDAQ:FTR) to Market Perform with no specific Price Target on 11/02/16. TheStreet downgraded Frontier Communications Corp from a "c-" rating to a "d+" rating in a research report on Monday.
For this year, Frontier Communications Corporation (NASDAQ:FTR) is performing -13.31%. The company reported ($0.04) EPS for the quarter, topping the Zacks' consensus estimate of ($0.05) by $0.01. Frontier Communications Corporation had a negative net margin of 5.01% and a positive return on equity of 2.05%. During the same quarter past year, the firm earned $0.05 EPS.
Analysts are also projecting an Average Revenue Estimate for Frontier Communications Corporation as $2.47 Billion in the Current Quarter. The company's revenue was up 70.5% compared to the same quarter previous year. On average, analysts anticipate that Frontier Communications Corporation will post ($0.10) earnings per share for the current fiscal year. Shareholders of record on Thursday, December 15th were given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 14.41%. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of United States and global copyright laws. The ex-dividend date of this dividend was Tuesday, December 13th. Jefferies Maintains the company's stock to Buy on 10/11/16 with no specific Price Target.
Frontier Communications Corporation was downgraded to "neutral" by analysts at JP Morgan. LPL Financial LLC increased its stake in shares of Frontier Communications Corporation by 10.1% in the third quarter. Raymond James Trust N.A. now owns 127,568 shares of the company's stock valued at $531,000 after buying an additional 736 shares during the period.
Large investors have recently modified their holdings of the company.
Based on the latest notes released to investors, 3 analysts have issued a rating of "buy", 3 analysts "outperform", 8 analysts "hold", 0 analysts "underperform" and 1 analysts "sell". Finally, Arizona State Retirement System boosted its stake in Frontier Communications Corp by 0.4% in the third quarter.
"Ford has been an exceptional partner and our relationship over the last five years has delivered both customer value and business growth", said Craig Vallorano, Head of Citi Retail Services.
Frontier provides both regulated and unregulated voice, data and video services to residential, business and wholesale customers. The Company's product portfolio includes Internet access, broadband-enabled services, video services and voice services.