Analysts are on the Bearish side about Frontier Communications Corporation (NASDAQ:FTR) this week.

August 19, 2018 - By Victoria Pittman

Frontier Communications Corporation (NASDAQ:FTR) LogoInvestors sentiment decreased to 0 in 2018 Q1. Its down 0.14, from 0.14 in 2017Q4. It dropped, as 1 investors sold Frontier Communications Corporation shares while 3 reduced holdings. 0 funds opened positions while 0 raised stakes. 2,999 shares or 96.17% less from 78,322 shares in 2017Q4 were reported.
Vantage Inv Advisors Ltd Liability Corp, a Pennsylvania-based fund reported 2,129 shares. Focused Wealth Mngmt, a New York-based fund reported 204 shares. The California-based Gemmer Asset Limited Liability Company has invested 0% in Frontier Communications Corporation (NASDAQ:FTR). Fire Grp Inc Inc invested 0% in Frontier Communications Corporation (NASDAQ:FTR).

Frontier Communications Corporation (NASDAQ:FTR) Ratings Coverage

Among 7 analysts covering Frontier Communications (NASDAQ:FTR), 0 have Buy rating, 3 Sell and 4 Hold. Therefore 0 are positive. Frontier Communications had 8 analyst reports since February 28, 2018 according to SRatingsIntel. The rating was maintained by Morgan Stanley with “Equal-Weight” on Monday, March 19. Citigroup maintained the shares of FTR in report on Thursday, June 28 with “Sell” rating. The stock of Frontier Communications Corporation (NASDAQ:FTR) earned “Hold” rating by Cowen & Co on Wednesday, February 28. The firm has “Underweight” rating given on Thursday, May 31 by Barclays Capital. The firm has “Hold” rating by Wells Fargo given on Wednesday, February 28. The company was downgraded on Wednesday, May 9 by Citigroup. The firm has “Hold” rating given on Wednesday, February 28 by Jefferies. Below is a list of Frontier Communications Corporation (NASDAQ:FTR) latest ratings and price target changes.

28/06/2018 Broker: Citigroup Old Rating: Sell New Rating: Sell Old Target: $6.25 New Target: $4.5 Maintain
31/05/2018 Broker: Barclays Capital Old Rating: Underweight New Rating: Underweight Old Target: $8.5 New Target: $7 Maintain
09/05/2018 Broker: Citigroup Old Rating: Neutral New Rating: Sell Old Target: $13.75 Downgrade
19/03/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $16 New Target: $10 Maintain
13/03/2018 Broker: Guggenheim Rating: Sell New Target: $6 Initiates Coverage On
28/02/2018 Broker: Cowen & Co Rating: Hold New Target: $8.5 Maintain
28/02/2018 Broker: Wells Fargo Rating: Hold Maintain
28/02/2018 Broker: Jefferies Old Rating: Buy New Rating: Hold Downgrade

The stock decreased 0.56% or $0.03 during the last trading session, reaching $5.32. About 2.59 million shares traded. Frontier Communications Corporation (NASDAQ:FTR) has declined 62.30% since August 19, 2017 and is downtrending. It has underperformed by 74.87% the S&P500.

Frontier Communications Corporation provides communications services to residential, business, and wholesale clients in the United States. The company has market cap of $562.91 million. It offers broadband, video, voice, and other services and products through a combination of fiber and copper based networks to residential customers. It currently has negative earnings. The firm also provides broadband, Ethernet, traditional circuit-based, data and optical transport, and voice services, as well as Multiprotocol Label Switching and Time Division Multiplexing services to small business, medium business, and larger enterprises, as well as sells customer premise equipment.

More recent Frontier Communications Corporation (NASDAQ:FTR) news were published by: Nasdaq.com which released: “Mid-Day Market Update: Zoe’s Kitchen Surges On Acquisition News; Amyris Shares Plunge” on August 17, 2018. Also Nasdaq.com published the news titled: “Mid-Morning Market Update: Markets Open Higher; Walmart Tops Q2 Expectations” on August 16, 2018. Benzinga.com‘s news article titled: “Earnings Outlook For Frontier Communications” with publication date: July 31, 2018 was also an interesting one.

Frontier Communications Corporation (NASDAQ:FTR) Ratings Chart

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