Analyst recommendation for this stock stands at 2.30. Beta for Frontier Communications Corporation stands at 0.77 while its ATR (average true range) is 0.17. NEXT Financial Group Inc now owns 22,450 shares of the company's stock worth $110,000 after buying an additional 4,233 shares in the last quarter. In the trailing 12 months period, return on assets ratio of the Company was -2.00% and return on equity ratio was -10.30% while its return on investment ratio was 4.20%. Bank of Nova Scotia increased its stake in shares of Frontier Communications Corp.by 6.2% in the second quarter.
With tech companies increasingly happy to sit on cash or turn it back to shareholders rather than funnel it into big expansion, USA non-financial companies' cash holdings will hit $1.77 trillion by the end of 2016, up 5% from the end of 2015, Moody's Shareholders Service calculated. LPL Financial LLC now owns 783,033 shares of the company's stock valued at $4,095,000 after buying an additional 35,573 shares in the last quarter.
Sell-side Research analysts on Wall Street that monitor future earnings growth for Frontier Communications Corporation (NASDAQ:FTR) are anticipating that the company will post an EPS number of $-0.02 for the quarter ending 2016-12-31. It also provides Frontier Secure suite of products for computer security, cloud backup and sharing, identity protection, equipment insurance, and technical support; unified messaging services comprising call forwarding, conference calling, caller identification, voicemail, and call waiting services; long distance network services; and packages of communications services. Majedie Asset Ltd has invested 3.65% of its portfolio in Frontier Communications Corp (NASDAQ:FTR).
Frontier declined 4.7 percent to a 52-week low of $3.21 a share by 1 p.m. The firm has a SMA 50 (Simple Moving Average) of -4.92% and a SMA 200-(Simple Moving Average) of -8.08%. Frontier Communications Corporation (NASDAQ:FTR) 52-week high is $5.850 and the 52-week low is $3.100. The company has a market cap of $3.66B.
The company net profit margin is 16.60% and gross profit margin is 57.00%.
Many analysts are providing their Estimated Earnings analysis for Frontier Communications Corporation and for the current quarter 11 analysts have projected that the stock could give an Average Earnings estimate of $-0.05/share. Mean Earnings Per Share (EPS) forecast is set at $-0.03 by these analysts for This Quarter. Amp Ltd has invested 0.01% of its portfolio in Frontier Communications Corp (NASDAQ:FTR). Fukoku Mutual Life Insur Comm has 0.01% invested in the company for 6,964 shares.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th.
Investors should note that on Nov 1, 2016, Frontier Communications Corp announced a cash dividend of $0.1050. The ex-dividend date of this dividend is Tuesday, December 13th. Frontier is committed to maintaining an attractive dividend, preserving its industry-leading dividend payout ratio, and reducing leverage. Zacks Investment Research upgraded Frontier Communications Corp. from a hold rating to a buy rating and set a $4.50 target price on the stock in a research report on Monday, October 24th. The stock of Frontier Communications Corp (NASDAQ:FTR) earned "Outperform" rating by Cowen & Co on Tuesday, October 13. As per Monday, July 11, the company rating was initiated by Macquarie Research. The price to book (P/B) ratio of the company is 8.21.
Using a simplified recommendation ratings scale from one to five, analysts are giving Frontier Communications Corporation (NASDAQ:FTR) a rating of 2.08. They now have a Dollars 8 price target on the stock. Frontier provides both regulated and unregulated voice, data and video services to residential, business and wholesale customers. The company also offers broadband, phone and digital TV services to consumers primarily in rural areas.