Shares Continuing to Trade Below Moving Averages: Frontier Communications Corporation (NASDAQ:FTR)

Xavier Trudeau
Mai 18, 2017

Frontier Communications Corp (NASDAQ:FTR) has a Return on Assets of -1.60%, which is key indicator of how profitable a company is relative to its total assets.

EPS growth is an important number as it provides an indication of the future prospects of a company. Guggenheim Capital LLC raised its position in shares of Frontier Communications Corp by 41.3% in the fourth quarter.

Shares of Frontier Communications Corporation (FTR) have moved 4.65% on the recent day.

FuelCell Energy, Inc. (FCEL) climbed 2.38% and its total traded volume was 0.88 million shares contrast to the average volume of 1.19 million shares. However a year ago for the same quarter the company has reported -$0.02 EPS. Frontier Communications Corporation is now trading -24.50% below its 20-day and -60.13% versus the 200-day simple moving averages while -36.54% compared with its 50-day simple moving average. Cowen and Company downgraded shares of Frontier Communications Corp from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from $4.00 to $2.00 in a research note on Wednesday, May 3rd.

Analysts await Frontier Communications Corp (NASDAQ:FTR) to report earnings on August, 7. The utilities provider reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.05) by $0.03. The company had revenue of $2.36 billion during the quarter, compared to analysts' expectations of $2.34 billion. Frontier Communications Corp had a negative net margin of 5.01% and a positive return on equity of 2.05%.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be issued a dividend of $0.04 per share.

Since May 8, 2017, it had 1 insider purchase, and 0 sales for $11,156 activity. The ex-dividend date is Tuesday, June 13th.

Analysts await Frontier Communications Corp (NASDAQ:FTR) to report earnings on August, 7.

This stock (FTR) is ahead of its 52-week low with 13.45%. If you are reading this story on another website, it was stolen and republished in violation of USA and global trademark and copyright laws. There is a large variety of Financial Ratios that can be considered while making an investment decision but here in the case of Frontier Communications Corporation (FTR), we will discuss a few. Jefferies Group LLC reiterated a "buy" rating and issued a $4.00 price target (up previously from $3.50) on shares of Frontier Communications Corp in a report on Friday, April 28th. Deutsche Bank AG reaffirmed a "hold" rating and set a $2.00 target price (down from $3.00) on shares of Frontier Communications Corp in a research report on Wednesday, May 3rd. Frontier Communications Corp (NASDAQ:FTR)'s minimum price target estimates has been figured out at $1.25 while the maximum price target forecast is established at $4.50, if we look at the price target with an optimistic approach it has upside potential of 233% from its latest closing price of $1.35. Now Frontier Communications Corporation's current price is $3.71 shy of the official highest sell-side analyst price target on Wall Street. The ABR is the calculated average of the actual recommendations (strong buy, hold, sell etc) made by the brokerage firms for a given stock.

A number of hedge funds have recently modified their holdings of the company. Tudor Investment Corp ET AL boosted its stake in shares of Frontier Communications Corp by 259.9% in the first quarter.

Ford Motor Company (NYSE:F) closed at $10.94 a share in the latest session and the stock value rose nearly -7.12% since the beginning of this year. Metropolitan Life Insurance Co. NY now owns 1,093,139 shares of the utilities provider's stock worth $2,339,000 after buying an additional 500,293 shares during the last quarter.

The number of shares now held by investors is 1.18 Billion.

Other large investors have also added to or reduced their stakes in the company.

Frontier Communications Corporation's Quick Ratio shows the value of 0.7. Riverhead Cap Mngmt Ltd Limited Liability Company stated it has 0.01% of its portfolio in Frontier Communications Corp (NASDAQ:FTR).

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