Stock Focus: Checking the Chart for Frontier Communications Corporation (NASDAQ:FTR)

Royal Bank of Canada restated a "hold" rating and issued a $3.50 price target on shares of Frontier Communications Corp in a research report on Tuesday, February 28th.

EVP, External Affairs, Abernathy Kathleen Q, purchased 46,391 common shares of Frontier Communications Corporation (FTR) in the open market. It is calculated by dividing the current closing price of the stock by the latest quarter's book value per share.

In terms of Buy/Sell recommendations, analysts have a consensus rating of 2.73 on the shares of Frontier Communications Corp (NASDAQ:FTR). Rating Scale: 1.0 represent "Strong Buy" and 2.0 signify "Buy" 3.0 while shows "Hold". On the bright side, the company's share price has been on the rebound, up more than 77.08% since hitting lows of $1.92 on March 24, 2017. The company has market cap of $2.39 billion.

The stock's price switched up -11.17% 20-Days Simple Moving Average, dropped -27.64% from 50-Days Simple Moving Average and fell -43.60% from 200 Days Simple Moving Average. Looking at the stock's movement on the chart, Frontier Communications Corporation recorded a 52-week high of $5.13.

Annual earnings per share (EPS) growth noted at -40.40% in past 5 Years and Long-term annual earnings per share (EPS) growth is expected to reach 7.30% in coming 5 years.

According to sentiments of 10 analysts the company is expected to report revenues of $2.35B for the current quarter. Finally, JPMorgan Chase & Co. cut Frontier Communications Corp from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $2.96 to $2.51 in a research report on Tuesday, February 28th.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. This showed the surprise of 20% in the last quarter earnings. Frontier Communications Corp (NASDAQ:FTR) shares were trading -58.47% below from the 52-week high mark of $5.13 and 10.94% above from the 52-week bottom of $1.92. If you are accessing this report on another site, it was illegally stolen and reposted in violation of worldwide trademark & copyright law.

Analysts await PDC Energy Inc (NASDAQ:PDCE) to report earnings on May, 5. The ex-dividend date of this dividend was Monday, March 13th. It has a dividend yield of 19.63%. Last session Frontier Communications Corporation RSI was seen at 35.73.

Hedge funds have recently modified their holdings of the stock. After $0.18 actual EPS reported by PDC Energy Inc for the previous quarter, Wall Street now forecasts -111.11% negative EPS growth. "We have been aggressively deploying and upgrading our broadband service and look forward to serving more residents". Frontier Communications Corp had a negative net margin of 5.01% and a positive return on equity of 2.05%. Texas-based Shamrock Asset Management Ltd Company has invested 0% in Frontier Communications Corp (NASDAQ:FTR).

Average Revenue Estimate of the company for the current Fiscal Quarter is $0, according to consensus of 2 analysts. The company reported revenue of $1.33 Billion in the same period previous year. Moreover, Newtyn Management Llc has 9.49% invested in the company for 155,000 shares.

ILLEGAL ACTIVITY WARNING: "Frontier Communications Corp (FTR) Announces Quarterly Dividend of $0.11" was posted by Chaffey Breeze and is the property of of Chaffey Breeze. Hedge funds and other institutional investors own 67.26% of the company's stock. Frontier offers simplified broadband offerings and bundled service packages that provide customers with choice and affordable options.

The regional president for Windstream, Chris Nein stated that the investment that Windstream is making in the greater Detroit area is a direct reflection of how important the area's business community is to our company. Its products and services include data and Internet services, video services, voice services, access services and customer premise equipment (CPE).

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