The stock of Frontier Communications Corp (NASDAQ:FTR) is a huge mover today! About 12.30 million shares traded hands. Frontier Communications Corp (NASDAQ:FTR) has declined 40.34% since April 5, 2016 and is downtrending. It has underperformed by 42.30% the S&P500.
The move comes after 9 months positive chart setup for the $3.92B company. It was reported on Nov, 8 by Barchart.com. We have $4.19 PT which if reached, will make NASDAQ:FTR worth $1.14 billion more.
Frontier Communications Corp (NASDAQ:FTR) Ratings Coverage
Out of 11 analysts covering Frontier Communications (NASDAQ:FTR), 4 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 36% are positive. Frontier Communications has been the topic of 15 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm earned “Overweight” rating on Wednesday, August 19 by Stephens. Macquarie Research maintained Frontier Communications Corp (NASDAQ:FTR) on Thursday, September 3 with “Outperform” rating. Citigroup downgraded the shares of FTR in a report on Wednesday, March 9 to “Sell” rating. Sandler O’Neill downgraded Frontier Communications Corp (NASDAQ:FTR) on Monday, October 12 to “Hold” rating. The stock of Frontier Communications Corp (NASDAQ:FTR) earned “Overweight” rating by JP Morgan on Tuesday, August 4. Bernstein maintained the shares of FTR in a report on Tuesday, September 15 with “Outperform” rating. The firm has “Sector Perform” rating given on Tuesday, September 22 by RBC Capital Markets. The company was downgraded on Monday, July 18 by Morgan Stanley. The stock of Frontier Communications Corp (NASDAQ:FTR) has “Neutral” rating given on Tuesday, September 6 by Macquarie Research. The firm has “Outperform” rating given on Tuesday, August 2 by Raymond James.
According to Zacks Investment Research, “Frontier Communications Corporation operates as a communications company providing services primarily to rural areas and small and medium-sized towns and cities in the United States. The Company offers a variety of voice, data, Internet, and television services and products. It also provides local and long distance voice services, enhanced services, long distance network services and packages of communications services. Frontier Communications Corporation is based in Stamford, Connecticut.”
Insitutional Activity: The institutional sentiment increased to 1.38 in Q2 2016. Its up 0.27, from 1.11 in 2016Q1. The ratio increased, as 54 funds sold all Frontier Communications Corp shares owned while 137 reduced positions. 62 funds bought stakes while 202 increased positions. They now own 757.61 million shares or 2.21% less from 774.76 million shares in 2016Q1.
Doheny Asset Management Ca owns 904,860 shares or 2.24% of their US portfolio. Bnp Paribas Arbitrage Sa owns 232,117 shares or 0.01% of their US portfolio. Arizona State Retirement System owns 287,785 shares or 0.02% of their US portfolio. 1832 Asset L P reported 75 shares or 0% of all its holdings. Financial owns 3,862 shares or 0.01% of their US portfolio. Quantitative Investment Mngmt Ltd Liability Co owns 62,700 shares or 0.01% of their US portfolio. Ibm Retirement Fund holds 0.03% of its portfolio in Frontier Communications Corp (NASDAQ:FTR) for 153,210 shares. Moreover, Td Mngmt Lc has 0% invested in Frontier Communications Corp (NASDAQ:FTR) for 355 shares. Gateway Invest Advisers Lc has 0.01% invested in the company for 277,881 shares. Kcm Ltd holds 65,813 shares or 0.02% of its portfolio. Blb&B Advsr Ltd Co accumulated 11,820 shares or 0.01% of the stock. Cibc Asset last reported 175,236 shares in the company. Legal & General Grp Inc Public Ltd Com holds 6.61M shares or 0.03% of its portfolio. Keybank Association Oh owns 78,778 shares or 0% of their US portfolio. Gideon Cap Advisors accumulated 15,590 shares or 0.04% of the stock.
More important recent Frontier Communications Corp (NASDAQ:FTR) news were published by: Fool.com which released: “Why Frontier Communications Corp. Got Hammered” on November 02, 2016, also Businesswire.com published article titled: “Frontier Communications Corporation to Participate in Wells Fargo Securities …”, Streetinsider.com published: “Moody’s Downgrades Frontier Communications (FTR) to ‘B1’; Outlook Lowered to …” on November 07, 2016. More interesting news about Frontier Communications Corp (NASDAQ:FTR) was released by: Finance.Yahoo.com and their article: “Frontier Communications (FTR) Reports In-Line Loss in Q3” with publication date: November 02, 2016.
FTR Company Profile
Frontier Communications Corporation (Frontier), incorporated on November 12, 1935, offers a range of voice, data, and video services and products. The Firm offers a portfolio of communications services for residential and business clients in each of its markets. The Firm conducts business with both residential and business customers. The Company’s product portfolio includes Internet access, broadband-enabled services, video services and voice services. It offers these services both on a standalone basis and as bundled packages that are designed to simplify customer purchasing decisions. Frontier provides both regulated and unregulated voice, data and video services to residential, business and wholesale customers. It provides data and Internet services; local and long distance wireline voice services to residential and business clients in its service areas; network access to interexchange carriers for origination and termination of long distance voice and data traffic; sales of its own and third-party video services, and sales of customer premise equipment.
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