Bank of America Corporation Lowers Frontier Communications Corporation (FTR) to Underperform

Marco Green
November 14, 2017

"Shares Lost 12% in August" on September 05, 2017, also Businesswire.com with their article: "Haeggquist & Eck, LLP Investigates Frontier Communications Corp. for Potential ..." published on November 08, 2017, Investorplace.com published: "Why Frontier Communications Corp Stock is Falling (Again) Today" on November 10, 2017. At the moment, the average analyst rating for FTR is Moderate Sell. The firm has "Buy" rating by Buckingham Research given on Friday, October 20. As per Thursday, July 27, the company rating was maintained by Stifel Nicolaus. The firm has "Market Perform" rating by Wells Fargo given on Wednesday, November 2. On Friday, September 29 the stock rating was maintained by UBS with "Buy". Vanguard Group Inc. grew its position in shares of Frontier Communications Corporation by 9.9% during the 2nd quarter. BFS's SI was 109,600 shares in November as released by FINRA. Its down 0.01% from 26.60M shares previously. Frontier Communications Corporation has a 12-month low of $6.72 and a 12-month high of $57.30. The overall volume in the last trading session was 3.42 million shares. After $-0.94 actual EPS reported by Frontier Communications Corp for the previous quarter, Wall Street now forecasts 19.15% negative EPS growth. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. Mastercard Inc (MA) has risen 24.16% since November 13, 2016 and is uptrending. It has underperformed by 9.67% the S&P500.

Frontier Communications Corporation (Frontier) is a provider of communications services in the United States. Clearbridge Llc who had been investing in Rush Enterprises Inc for a number of months, seems to be bullish on the $1.93 billion market cap company. The Company's transportation solutions include one-way, intermodal, dedicated, bulk, transport management, trans loading services, worldwide services and Schneider payment services. It has a 34.88 P/E ratio. Its down 0.43, from 0.87 in 2017Q1.

Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. 39 funds opened positions while 88 raised stakes.

WARNING: "Frontier Communications Corporation (FTR) Shares Sold by Mutual of America Capital Management LLC" was originally posted by TrueBlueTribune and is owned by of TrueBlueTribune.

According to analysts Frontier Commun Cp (NASDAQ:FTR)'s minimum EPS for the current quarter is at $-1.24 and can go high up to $-0.73. Synovus Corporation, Georgia-based fund reported 23,999 shares. Shareholders of record on Thursday, December 15th will be paid a dividend of $0.105 per share. Timber Hill Ltd Llc has invested 0.01% in Frontier Communications Corp (NASDAQ:FTR). Bessemer Group Inc holds 659 shares. Wealthtrust Axiom Lc holds 1.29M shares or 0.56% of its portfolio. 150,048 are owned by Jpmorgan Chase &. California Pub Employees Retirement Sys has invested 0.01% of its portfolio in Frontier Communications Corp (NASDAQ:FTR). Raymond James Trust Na has invested 0.01% in Frontier Communications Corp (NASDAQ:FTR). Renaissance Tech Ltd Liability Company stated it has 314,400 shares.

Frontier Communications Corporation (FTR) have shown a high EPS growth of -40.40% in the last 5 years and has earnings decline of -72.30% yoy. Swiss Fincl Bank invested 0% in Frontier Communications Corp (NASDAQ:FTR). 6,660 were accumulated by Sandy Spring National Bank.

Since May 15, 2017, it had 1 insider purchase, and 0 insider sales for $17,875 activity. Lass John bought $10,760 worth of stock.

Shares of Frontier Communications Corp. Finally, Macquarie initiated coverage on Frontier Communications Corp.in a research note on Monday, July 11th. Arndt Kenneth bought $17,875 worth of stock or 13,000 shares.

Frontier Communications Corp. had a positive return on equity of 2.00% and a negative net margin of 5.01%. The company has market cap of $546.07 million. It now has negative earnings. The Company offers a variety of voice, data, Internet, and television services and products. Analysts have a mean recommendation of 2.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Therefore 17% are positive. Frontier Communications had 37 analyst reports since August 4, 2015 according to SRatingsIntel. (NASDAQ:FTR) last posted its quarterly earnings data on Tuesday, November 1st. The firm earned "Sell" rating on Wednesday, November 1 by J.P. Morgan. The stock has "Outperform" rating by Cowen & Co on Tuesday, October 13. Finally, Morgan Stanley cut their price objective on Frontier Communications Corporation to $16.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 23rd. The rating was upgraded by Bank of America on Tuesday, May 10 to "Buy". The mean target projections are based on 13 opinions. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company's stock.

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