The firm now has $2.00 price target on the utilities provider's stock, down from their prior price target of $4.00.
A number of research firms have recently issued reports on FTR. Cowen and Company cut Frontier Communications Corp from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $4.00 to $2.00 in a research note on Wednesday, May 3rd. However yesterday the stock remained in between $1.27 and $1.36.
Frontier Communications Corporation (FTR) has a 52-week high of $4.75 and a 52-week low of $1.19. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company.
While looking at the SMA values of Frontier Communications Corporation (FTR), the 200 simple moving average (SMA) is considered a key indicator by traders and market analysts for determining the overall long-term trend.
In current trading day Frontier Communications Corporation (FTR) stock confirmed the flow of -1.48% with the final price of $1.33. 20,785,859 shares of the stock were exchanged. The company has a 50-day moving average of $1.88 and a 200 day moving average of $2.97. On the bright side, the company's share price has been on the rebound, up more than 152.1% since hitting lows of $1.19 on May 11, 2017. The author does not have any position in the stock mentioned and in no way is recommending to Buy or Sell Frontier Communications Corporation.
Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Frontier Communications Corporation the EPS stands at -0.08 for the previous quarter, while the analysts predicted the EPS of the stock to be -0.05, suggesting the stock fell short of the analysts' expectations.
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The company's net profit margin stands at -0.90% whereas its return on equity (ROE) is -7.40%.
Now the shares of Frontier Communications Corporation (FTR) has the trading volume of 23.88 Million shares with the average trading volume of 47210 shares.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Moreover, Sva Plumb Wealth Management Llc has 0.22% invested in the company for 156,882 shares. It has a dividend yield of 0.00% and a 5 year dividend growth rate of -6.93%. The ex-dividend date is Tuesday, June 13th. Frontier Communications Corp's payout ratio is -77.78%. Therefore, there is certainly still some pain for investors who want to avoid this falling stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Frontier Communications Corp by 0.4% in the fourth quarter. There are advantages to using a moving average in your trading, as well options on what type of moving average to use. 109,575 are held by Ibm Retirement Fund. Cibc Ww Corporation owns 86,941 shares. Strs Ohio raised its position in shares of Frontier Communications Corp by 55.9% in the third quarter. The Higher end of the revenue forecast is $2.43 Billion, while the Lower end of the forecast is $2.3 Billion. Finally, Great West Life Assurance Co. Great West Life Assurance Co. Municipal Employees Retirement System of MI now owns 37,170 shares of the utilities provider's stock valued at $155,000 after buying an additional 170 shares during the period. Earnings surprises can have a huge impact on a company's stock price.
While making his statement to a number of news reporters, Dan McCarthy said, "I am confident Chris will further enhance the robust resources of our field operations teams and our network assets, allowing Frontier to continue to provide the bandwidth options that support advanced technology and connectivity". Frontier offers a variety of services to residential customers over its fiber-optic and copper networks, including video, high-speed internet, advanced voice, and Frontier Secure digital protection solutions.