How Many Frontier Communications Corp (NASDAQ:FTR)'s Analysts Are Bullish?
- Author: Zachary Reyes May 25, 2017,
May 25, 2017, 8:38
Guggenheim Capital Llc increased Frontier Communications Corp (FTR) stake by 41.31% reported in 2016Q4 SEC filing. It worsened, as 70 investors sold Frontier Communications Corp shares while 168 reduced holdings. Jefferies Group LLC reiterated a "buy" rating and set a $5.00 price objective on shares of Frontier Communications Corp in a research note on Friday, February 17th. Dynamic Capital Mngmt invested 0.14% of its portfolio in Frontier Communications Corp (NASDAQ:FTR). After having $-0.21 EPS previously, Volt Information Sciences, Inc.'s analysts see -47.62% EPS growth. Municipal Employees Retirement System of MI now owns 37,170 shares of the utilities provider's stock worth $155,000 after buying an additional 170 shares in the last quarter. Finally, Comerica Bank boosted its position in shares of Frontier Communications Corp by 1.7% in the fourth quarter. Valley National Advisers Inc. raised its stake in Frontier Communications Corp by 4.4% in the third quarter. Moreover, Dubuque State Bank & Tru Company has 0% invested in Frontier Communications Corp (NASDAQ:FTR).
On Tuesday, Shares of Frontier Communications Corp (NASDAQ:FTR) lost -4.76% to $1.40. The stock exchanged hands with 29.54 million shares contrast to its average daily volume of 40.13 million shares. The firm's 50-day moving average is $1.72 and its 200 day moving average is $2.81.
The company's consensus rating on Reuter's scale remained unchanged from 1.6 to 1.6 during a month. The share price has moved backward from its 20 days moving average, trading at a distance of -9.21% and stays -25.9% away from its 50 days moving average. Frontier Communications Corp also was the recipient of some unusual options trading on Monday.
Frontier Communications Corporation (FTR) failed to surprise the stock market in its last reported earnings when it earned -$0.08 a piece versus the consensus-estimated -$0.05. For the quarter, shares have been noted at -58.21%. The company now has a Return on Equity of -10.20% and a Return on Investment of 5.10%.
Frontier Communications Corporation has a consensus hold rating from 15 Wall Street analysts, and the number of shares now sold short amount to at least 26.07% of shares outstanding. The Wall Street forecast had projected $-0.05 per share, and the company reported EPS of $-0.04 - also a -13.04% negative surprise. Quantitative Invest Management Limited Liability Corporation holds 0.09% or 1.07 million shares in its portfolio. This represents a $0.16 dividend on an annualized basis and a dividend yield of 11.68%. The ex-dividend date is Tuesday, June 13th. Frontier Communications Corp's dividend payout ratio (DPR) is presently -77.78%.
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A number of brokerages have commented on FTR. Frontier Communications Corp now has $1.66 billion valuation. Vetr downgraded Frontier Communications Corp from a "strong-buy" rating to a "buy" rating and set a $2.09 target price on the stock.in a research report on Thursday, March 23rd. Zogenix, Inc. has 3 buy ratings, 1 holds and 0 sells even after the stock tumbled -7.78% from its high of $13.82 to a $324.62 million market value through last close.
10 number of analysts have estimated the sales of the company for the quarter ending Jul 31, 2017- Aug 4, 2017, analysts estimated mean sale target of 2277.32 million while high and low sale targets are estimated at 2374.99 million and 2243 million respectively.