Frontier Communications Corp (FTR) Receives Average Rating of "Hold" from Analysts

Monday, 12 Feb, 2018

That value represents a market adjusting for revenues that have been falling by -10.82 % on a quarterly year/year basis as of the company's last quarterly report. It offers broadband, video, voice, and other services and products through a combination of fiber and copper based networks to residential customers. Generally speaking, earnings are expected to grow in coming quarters.

Frontier Communications Corporation provides communications services to residential, business, and wholesale clients in the United States. Buckhead Cap Management Lc has invested 0.37% of its portfolio in RPM International Inc. (NYSE:RPM). Spectrum Mngmt Inc accumulated 0% or 15 shares. Its up 29.03% from 3,100 shares previously. Nisource Inc now has $7.78B valuation.

Currently Frontier Commun Cp (NASDAQ:FTR)'s shares owned by insiders are 3.03%, whereas shares owned by institutional owners are 63.7%. Garrison holds 0.33% or 11,351 shares in its portfolio. Frontier Communications Corporation (NASDAQ:FTR) has declined 70.56% since February 10, 2017 and is downtrending. Shell Asset Management accumulated 0.02% or 156,794 shares. Ahl Prtnrs Llp invested in 113,284 shares or 0.25% of the stock. Canada Pension Plan Investment Board, a Ontario - Canada-based fund reported 148,084 shares. Fire Gru has invested 0% in Frontier Communications Corporation (NASDAQ:FTR). They expect $-1.12 EPS, down 86.67% or $0.52 from last year's $-0.6 per share. After $-0.94 actual EPS reported by Frontier Communications Corporation for the previous quarter, Wall Street now forecasts 19.15% negative EPS growth.

The stock increased 0.35% or $0.17 during the last trading session, reaching $48.15. About 3.62M shares traded. It has underperformed by 87.26% the S&P500.

Frontier Communications (FTR) opened at $6.81 on Friday. Six analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. That suggests something of the likelihood of a short squeeze in shares of FTR. The firm earned "Buy" rating on Tuesday, June 20 by Jefferies. Gabelli downgraded Frontier Communications Corporation (NASDAQ:FTR) on Thursday, November 9 to "Hold" rating. The stock of Frontier Communications Corporation (NASDAQ:FTR) has "Hold" rating given on Wednesday, November 2 by Deutsche Bank. JPMorgan Chase & Co. cut Frontier Communications from a "neutral" rating to an "underweight" rating and decreased their price target for the stock from $17.00 to $8.00 in a research note on Wednesday, November 1st.

Meiji Yasuda Asset Management Company Ltd increased Alibaba Group Hldg Ltd (NYSE:BABA) stake by 3,170 shares to 43,410 valued at $7.50M in 2017Q3. Meridian Inv Counsel owns 518,548 shares.

Among 14 analysts covering Nisource Inc. Jefferies reinitiated the stock with "Buy" rating in Friday, October 23 report. Therefore 16% are positive. The firm earned "Hold" rating on Wednesday, November 2 by Evercore. Piper Jaffray downgraded Sangamo Therapeutics, Inc. The firm has "Outperform" rating by Raymond James given on Tuesday, August 2. Credit Suisse has "Sell" rating and $2500 target. The firm earned "Neutral" rating on Tuesday, March 7 by Bank of America. (NASDAQ:SGMO) on Thursday, August 4 to "Neutral" rating. RICE RONALD A sold $2.32 million worth of stock. The company presently has a consensus rating of "Hold" and a consensus target price of $9.49.

Analysts await NiSource Inc. (NASDAQ:SGMO) to report earnings on February, 27. The stock decreased 0.90% or $1.08 during the last trading session, reaching $118.8. NI's profit will be $104.41 million for 18.62 P/E if the $0.31 EPS becomes a reality. 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.

Investors sentiment decreased to 0 in Q3 2017. Its up 0.14, from 0.97 in 2017Q2. It turned negative, as 268 investors sold FTR shares while 8 reduced holdings. California State Teachers Retirement System owned about 0.18% of Frontier Communications worth $1,690,000 as of its most recent filing with the Securities & Exchange Commission.

A number of equities research analysts have recently issued reports on FTR shares. Moreover, Bnp Paribas Arbitrage Sa has 0% invested in Sangamo Therapeutics, Inc. (NYSE:NI). Moreover, Louisiana State Employees Retirement Systems has 0.02% invested in NiSource Inc. Essex Investment Mngmt Co Ltd Liability Co holds 0.11% in Visteon Corporation (NASDAQ:VC) or 6,526 shares. Parametric Portfolio Assoc Limited Liability invested 0% of its portfolio in Sangamo Therapeutics, Inc. (NYSE:RPM) for 24,831 shares. Janney Montgomery Scott reported 11,528 shares. Piedmont Inv Advsr Limited Liability Corp reported 20,684 shares. 203,791 are held by Bain Public Equity Management. 10 are owned by Jnba Fincl Advisors. C M Bidwell And Assocs has invested 0.4% in NiSource Inc.

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