Time to Buy Frontier Communications Corporation (FTR) After Today’s Big Increase?

February 23, 2018 - By Vivian Park

Investors sentiment decreased to 0 in 2017 Q3. Its down 0.44, from 0.44 in 2017Q2. It worsened, as 268 investors sold Frontier Communications Corporation shares while 8 reduced holdings. 1 funds opened positions while 0 raised stakes. 933,008 shares or 99.87% less from 713.03 million shares in 2017Q2 were reported.
Utd Fire has 859 shares. Vantage Inv Advsr Limited Liability Company reported 0.01% in Frontier Communications Corporation (NASDAQ:FTR). Jnba Fincl Advsr has 0% invested in Frontier Communications Corporation (NASDAQ:FTR) for 10 shares. Meridian Invest Counsel Inc holds 0.36% of its portfolio in Frontier Communications Corporation (NASDAQ:FTR) for 518,548 shares. Td Capital Mgmt Ltd Liability reported 22 shares. Canada Pension Plan Board has invested 0% in Frontier Communications Corporation (NASDAQ:FTR). Gemmer Asset Ltd Limited Liability Company has 8 shares for 0% of their portfolio. The Ohio-based Camelot Portfolios Ltd Liability Co has invested 0.6% in Frontier Communications Corporation (NASDAQ:FTR). Focused Wealth Management, New York-based fund reported 815 shares. Shell Asset Mgmt owns 156,794 shares or 0.02% of their US portfolio.

The stock of Frontier Communications Corporation (NASDAQ:FTR) is a huge mover today! The stock increased 8.95% or $0.722 during the last trading session, reaching $8.782. About 1.47M shares traded. Frontier Communications Corporation (NASDAQ:FTR) has declined 70.56% since February 23, 2017 and is downtrending. It has underperformed by 87.26% the S&P500.
The move comes after 5 months positive chart setup for the $688.99 million company. It was reported on Feb, 23 by Barchart.com. We have $9.57 PT which if reached, will make NASDAQ:FTR worth $62.01M more.

Analysts await Frontier Communications Corporation (NASDAQ:FTR) to report earnings on February, 27 after the close. They expect $-1.12 earnings per share, down 86.67 % or $0.52 from last year’s $-0.6 per share. After $-0.94 actual earnings per share reported by Frontier Communications Corporation for the previous quarter, Wall Street now forecasts 19.15 % negative EPS growth.

Frontier Communications Corporation (NASDAQ:FTR) Ratings Coverage

Among 19 analysts covering Frontier Communications (NASDAQ:FTR), 3 have Buy rating, 5 Sell and 11 Hold. Therefore 16% are positive. Frontier Communications had 39 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was downgraded by Wells Fargo on Wednesday, November 2 to “Market Perform”. The firm has “Hold” rating given on Sunday, September 17 by RBC Capital Markets. Macquarie Research upgraded Frontier Communications Corporation (NASDAQ:FTR) on Tuesday, September 6 to “Neutral” rating. The stock of Frontier Communications Corporation (NASDAQ:FTR) earned “Hold” rating by RBC Capital Markets on Tuesday, August 8. Raymond James maintained Frontier Communications Corporation (NASDAQ:FTR) rating on Tuesday, August 2. Raymond James has “Outperform” rating and $5.50 target. The firm earned “Hold” rating on Wednesday, August 2 by Cowen & Co. Cowen & Co initiated it with “Outperform” rating and $6 target in Tuesday, October 13 report. The firm earned “Sell” rating on Wednesday, March 9 by Citigroup. JP Morgan reinitiated it with “Overweight” rating and $6.0 target in Tuesday, August 4 report. The rating was maintained by RBC Capital Markets with “Hold” on Monday, November 20.

More notable recent Frontier Communications Corporation (NASDAQ:FTR) news were published by: Fool.com which released: “Why Frontier Communications Corp. Shares Are Plunging Today” on August 03, 2017, also Fool.com with their article: “Why I Hate Frontier Communications Corp.” published on September 10, 2017, Fool.com published: “Can Frontier Communications Corp.’s Dividend Even Survive?” on June 18, 2017. More interesting news about Frontier Communications Corporation (NASDAQ:FTR) were released by: Nasdaq.com and their article: “Commit To Buy Frontier Communications Corp At $5, Earn 22.3% Annualized Using …” published on January 23, 2018 as well as Fool.com‘s news article titled: “Why Frontier Communications Corp. Stock Fell 30% in November” with publication date: December 06, 2017.

Frontier Communications Corporation provides communications services to residential, business, and wholesale clients in the United States. The company has market cap of $688.99 million. It offers broadband, video, voice, and other services and products through a combination of fiber and copper based networks to residential customers. It currently has negative earnings. The firm also provides broadband, Ethernet, traditional circuit-based, data and optical transport, and voice services, as well as Multiprotocol Label Switching and Time Division Multiplexing services to small business, medium business, and larger enterprises, as well as sells customer premise equipment.

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