Russell Investments Group Ltd. Decreases Stake in Frontier Communications Corporation (NASDAQ:FTR)

Paterniano Del Favero
Agosto 3, 2017

Cadence Capital Management LLC now owns 46,516 shares of the utilities provider's stock valued at $100,000 after buying an additional 2,661 shares during the last quarter. Russell Investments Group Ltd.'s holdings in Frontier Communications Corporation were worth $462,000 as of its most recent SEC filing. Kentucky Retirement Systems purchased a new position in shares of Frontier Communications Corporation during the fourth quarter worth $288,000. First Trust Advisors LP raised its stake in Frontier Communications Corporation by 37.4% in the first quarter. Keybank National Association OH now owns 81,836 shares of the utilities provider's stock valued at $175,000 after buying an additional 766 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Frontier Communications Corporation by 20.8% in the first quarter. They presently have a $25.00 price objective on the utilities provider's stock, down from their prior price objective of $30.00. Ameriprise Financial Inc. raised its stake in Frontier Communications Corporation by 325.1% in the first quarter. WFG Advisors LP now owns 50,026 shares of the utilities provider's stock valued at $107,000 after buying an additional 2,751 shares during the last quarter.

Shares of Frontier Communications Corporation (NASDAQ FTR) opened at 15.89 on Wednesday. The company's stock has a normal trading capacity of 2.82M shares while the relative volume is 2.75. The stock volatility for week was 6.01% while for month was 6.28%.The stock, as of last close, traded 16.60% to its 52 week low and was changed -80.45% from its 52 week high. The company's market cap is $1.25 billion.

Yet another important factor while evaluating a good buy/sell decision for Frontier Communications Corporation (FTR) is its Earnings per Share or EPS. The utilities provider reported ($1.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.07) by $0.03.

UBS analyst Batya Levi assigned a Hold rating to Frontier Communications Corporation (NASDAQ: FTR) today and set a price target of $15.

Currently, EPS of Frontier Communications Corporation (FTR) is -1.2 while the analysts predicted the EPS of the stock to be -0.75 suggesting the company fell short of the analysts' expectations. During the same quarter past year, the company posted ($0.29) earnings per share. On average, equities analysts expect that Frontier Communications Corporation will post ($3.85) EPS for the current year. Investors of record on Friday, September 15th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 14.08%. The ex-dividend date of this dividend is Thursday, September 14th. Sigma Planning Corp boosted its stake in shares of Frontier Communications Corporation by 0.8% in the first quarter. Frontier Communications Corporation's dividend payout ratio (DPR) is -38.11%.

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05/03/2017 - Frontier Communications Corporation was downgraded to "market perform" by analysts at Cowen. Jefferies Group LLC reissued a "buy" rating and set a $4.00 price target (up previously from $3.50) on shares of Frontier Communications Corporation in a research report on Friday, April 28th. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal.

12/19/2016 - Frontier Communications Corporation had its "neutral" rating reiterated by analysts at Macquarie. The firm offers voice, data, and video services and products on a standalone basis and as bundled or packaged solutions.

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