Friday, 15 December, 2017

Frontier Communications Corp (FTR) Downgraded by Goldman Sachs Group Inc to "Sell"

Juana Turner | 20 April, 2017, 00:25

Huntington Bancshares Incorporated (NASDAQ:HBAN) closed at $12.80 a share in the latest session and the stock value rose nearly -2.62% since the beginning of this year. Analysts are also predicting the short term Median price estimate of $3.25. Analysts anticipate that traders could see stock price minimum in the $1.5 range (lowest target price). Premium entertainment network, EPIX reported that it has renewed its distribution contract with Frontier Communications Corporation (FTR), a leader in providing communications services to urban, suburban, and rural communities in 29 states. Finally, Deutsche Bank AG lowered shares of Frontier Communications Corporation from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $5.00 to $4.00 in a research report on Wednesday, November 2nd.

Frontier Communications Corporation closed its last trading session at $2.03 with the loss of -4.43%. The stock of Frontier Communications Corp (NASDAQ:FTR) earned "Neutral" rating by Bank of America on Tuesday, March 7.

Among 13 analysts covering Frontier Communications (NASDAQ:FTR), 3 have Buy rating, 2 Sell and 8 Hold. Frontier Communications Corp now has an average rating of Hold and a consensus price target of $3.73. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell. The stock now has a Market Cap of $306.69B. The firm's 50-day moving average price is $2.41 and its 200 day moving average price is $3.31.

Frontier Communications Corp (NASDAQ:FTR) last issued its quarterly earnings results on Monday, February 27th. Typically, they estimate what the company's earnings and cash flow will be for the next couple of years, and then apply a ratio - such as a price-to-earnings ratio - to those estimates to determine what the future stock price should theoretically be.

The company shows its Return on Assets (ROA) value of -2.1%. Frontier Communications Corp had a negative net margin of 5.01% and a positive return on equity of 2.05%. During the same period in the prior year, the firm earned $0.05 earnings per share. In this case, shares are down -28.17% from $8.2, the 52-week high touched on December 12, 2016, but are collecting gains at -2% for the past 12 months.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 31st. The ex-dividend date was Monday, March 13th. Switzerland-based Swiss Financial Bank has invested 0.02% in Frontier Communications Corp (NASDAQ:FTR).

Shares of Frontier Communications Corp (NASDAQ:FTR) opened at 1.94 on Thursday. If you are reading this article on another domain, it was illegally copied and republished in violation of US & global copyright laws. The correct version of this article can be viewed at https://www.com-unik.info/2017/04/16/frontier-communications-corp-ftr-cut-to-sell-at-goldman-sachs-group-inc-updated.html. 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 during the last quarter. First Republic Investment Management Inc. boosted its stake in Frontier Communications Corp by 9.8% in the fourth quarter. Meeder Asset Management Inc. raised its stake in shares of Frontier Communications Corp by 175.7% in the third quarter. Arizona State Retirement System increased its stake in Frontier Communications Corp by 0.4% in the third quarter.

Brokerage houses, on average, are recommending investors to hold Chesapeake Energy Corporation (CHK)'s shares projecting a $7.31 target price. Finally, Valley National Advisers Inc. boosted its stake in Frontier Communications Corp by 4.4% in the third quarter.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock.

Investors generally keep an extensive variety of technical indicators at their disposal for completing technical stock analysis.

Frontier Communications Corporation is a well-known provider of communications services in the United States. The Company's services and products include data and Internet services, video services, voice services, access services and customer premise equipment (CPE).

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